Homework Answers
(a)Amount of direct materials used during 2020 ($3,244,800)
(b) Manufacturing costs that were added to WIP ($6,726,400)
(c)Cost of goods manufactured for 2020 ($6,758,400)
Add Answer to:
Show ALL calculations to receive partial credit JAG Sporting Goods Company manufactured 100,000 units in 2020...
JAG Sporting Goods Company manufactured 100,000 units in 2020 and reported the following costs: Sandpaper $...
JAG Sporting Goods Company manufactured 100,000 units in 2020 and reported the following costs: Sandpaper $ 32,000 Leasing costs-plant $ 384,000 Materials handling 320,000 Depreciation equipment 224,000 Coolants & lubricants 42.400 Property taxes-equipment 32,000 Indirect manufacturing labor 275,200 Fire insurance-equipment 16,000 Direct manufacturing labor 2.176,000 Direct material purchases 3,500,000 Direct materials, 1/1/16 384,000 Direct materials, 12/31/16 275,200 Finished goods, 1/1/16 650,000 Sales revenue 12,800,000 Finished goods, 12/31/16 1,280,000 Sales commissions 640,000 Work-in-process, 1/1/16 86.000 Sales salaries 576,000 Work-in-process, 12/31/16 64,000...
Consider the following data of the campbell company for the year 2016: sandpaper: $2000 materials handling...
Consider the following data of the campbell company for the year 2016: sandpaper: $2000 materials handling costs: $70000 lubricants and coolants: $5000 Miscellaneous and manufacturing labor: $40000 Direct manufacturing labor: $300,000 Direct materials, Jan 1 2016; $40,000 Finished goods Jan 1, 2016: $100,000 Finished goods Dec 31, 2016: $150,000 Work in process Jan 1,2016: $10,000 Work in process Dec 31,2016: $14,000 plant leasing costs: $54,000 Depreciation plant equipment: 36,000 property taxes on plant equipment: 4000 fire insurance on plant equipment:...
ORT ANSWER. Write the word or phrase that best comple Write the word or phrase that...
ORT ANSWER. Write the word or phrase that best comple Write the word or phrase that best completes each statement or answers the question. 41) Millworks Company manufactured 100,000 units in 2018 and reported the following costs: Sandpaper Materials handling Coolants & lubricants Indirect manufacturing labor Direct manufacturing labor Direct materials, 1/1/18 Finished goods, 1/1/18 Finished goods, 12/31/18 Work-in-process, 1/1/18 Work-in-process, 12/31/18 $ 32,000 320,000 22,400 275,200 2,176,000 348,000 672,000 1,280,000 96,000 64,000 Leasing costs-plant Depreciation-equipment Property taxes-equipment Fire insurance-equipment...
I cant figure out this problem. also i want to see everything written out so i...
I cant figure out this problem. also i want to see everything
written out so i know how exactly to do it
Millworks Company manufactured 100,000 units in 2018 and reported the following costs: 0 to .00 Sandpaper $32,000 Materials handling 320,000 Coolants & lubricants Indirect manufacturing labor 275,200 Direct manufacturing labor 2,176,000 Direct materials, 1/1/18 348,000 Finished goods, 1/1/18 672,000 Finished goods, 12/31/18 1,280,000 Work-in-process, 1/1/18 96,000 Work-in-process, 12/31/18 64,000 Leasing costs-plant $384,000 Depreciation equipment 224,000 Property taxes-equipment 32,000...
do not use image answer please. Foxwood Company is a metal and woodcutting manufacturer, selling products...
do not use image answer please. Foxwood Company is a metal and woodcutting manufacturer, selling products to the home construction market. Consider the following data for 2018: Sandpaper $2,000 Materials-handling costs 70,000 Lubricants and coolants 5,000 Miscellaneous indirect manufacturing labour 40,000 Direct manufacturing labour 300,000 Direct materials inventory 1 Jan 2018 40,000 Direct materials inventory 31 Dec 2018 50,000 Finished goods inventory 1 Jan 2018 100,000 Finished goods inventory 31 Dec 2018 150,000 Work in process inventory 1 Jan 2018...
Statement of cost of goods manufactured for a manufacturing company
Statement of cost of goods manufactured for a manufacturing company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows Inventories January 31 Materials January 1 $314.000 216,000 163,200 Work in process Finished goods S276,800 239,800 189.000 January 31 5567.000 606 600 Direct labor Materials purchased during the month Factory overhead incurred during the month Indirect labor Machinery depreciation Heat, light, and power 60,520 32.000 12,200 8220 8,880 16,460 Supplies Property taxes Miscellaneous costs
compute cost ok f goods manufactured during the year. b- compute operating income ( income from...
compute cost ok f goods manufactured during the
year.
b- compute operating income ( income from operations) for the
year.
c- compute cost of direct materials used during the year.
d- compute cost of goods sold during the year.
please send me the answers.
thanks.
The following information pertains to Zillow Manufacturing Company for year 2019. Sales revenue $ 1.800.000 1.200.000 250.000 162.000 Cost of goods manufactured Direct manufacturing labor Administrative salaries Sales commissions Sales salaries Materials handling Indirect manufacturing...
Complete the Cost of Goods Manufactured Schedule and associated partial financial statments, (a), (b) and(c)for the...
Complete the Cost of Goods Manufactured Schedule and associated partial financial statments, (a), (b) and(c)for the Problem information for Lopez Company below. (blue shaded cells are calculated values) LOPEZ COMPANY Cost of Goods Manufactured Schedule (condensed For the Month Ended May 31, 2017 Work in process, May 1 Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Total cost of work in process At May 31, 2017, the accounts of Lopez Company show the following 1. May 1...
pute cost of goods manufactured. Aikman Company Cost of Goods Manufactured Schedule Nork-in-Process Inventory. 1/1 1612...
pute cost of goods manufactured. Aikman Company Cost of Goods Manufactured Schedule Nork-in-Process Inventory. 1/1 1612 Direct Materials Raw Materials Inventory. 1/1 23680 Materials Purchased 153280 Materials Available for Use 176960 Less Raw Materials inventory. 12/31 31650 Direct Materials Used 1410 Direct Labor 221550 Manufacturing Overhead Tot Manufacturing Costs 551410 Toul Cost of Work in Process o ry Less Wort Process inventory. 12/31 n Arrompts: 1017 used The following information is available for Aikman Company. 2020 dings January 1, 2020...
Calculate XYZ Company's: A)Cost of Goods Manufactured for 2020 B)Conversion costs for 2020 C)Sales Commission for...
Calculate XYZ Company's:
A)Cost of Goods Manufactured for 2020
B)Conversion costs for 2020
C)Sales Commission for 2020
XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 50,000 38,000 32,000 December 31, 2020 37,000 41,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: $129,000 37,000 590,000 30,000 Sales revenue ......................................... : : Direct materials purchased ....... .................. Depreciation, factory equipment ......................... Sales...
JAG Sporting Goods Company manufactured 100,000 units in 2020 and reported the following costs: Sandpaper $ 32,000 Leasing costs-plant $ 384,000 Materials handling 320,000 Depreciation equipment 224,000 Coolants & lubricants 42.400 Property taxes-equipment 32,000 Indirect manufacturing labor 275,200 Fire insurance-equipment 16,000 Direct manufacturing labor 2.176,000 Direct material purchases 3,500,000 Direct materials, 1/1/16 384,000 Direct materials, 12/31/16 275,200 Finished goods, 1/1/16 650,000 Sales revenue 12,800,000 Finished goods, 12/31/16 1,280,000 Sales commissions 640,000 Work-in-process, 1/1/16 86.000 Sales salaries 576,000 Work-in-process, 12/31/16 64,000...
ORT ANSWER. Write the word or phrase that best comple Write the word or phrase that best completes each statement or answers the question. 41) Millworks Company manufactured 100,000 units in 2018 and reported the following costs: Sandpaper Materials handling Coolants & lubricants Indirect manufacturing labor Direct manufacturing labor Direct materials, 1/1/18 Finished goods, 1/1/18 Finished goods, 12/31/18 Work-in-process, 1/1/18 Work-in-process, 12/31/18 $ 32,000 320,000 22,400 275,200 2,176,000 348,000 672,000 1,280,000 96,000 64,000 Leasing costs-plant Depreciation-equipment Property taxes-equipment Fire insurance-equipment...
I cant figure out this problem. also i want to see everything
written out so i know how exactly to do it
Millworks Company manufactured 100,000 units in 2018 and reported the following costs: 0 to .00 Sandpaper $32,000 Materials handling 320,000 Coolants & lubricants Indirect manufacturing labor 275,200 Direct manufacturing labor 2,176,000 Direct materials, 1/1/18 348,000 Finished goods, 1/1/18 672,000 Finished goods, 12/31/18 1,280,000 Work-in-process, 1/1/18 96,000 Work-in-process, 12/31/18 64,000 Leasing costs-plant $384,000 Depreciation equipment 224,000 Property taxes-equipment 32,000...
Statement of cost of goods manufactured for a manufacturing company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows Inventories January 31 Materials January 1 $314.000 216,000 163,200 Work in process Finished goods S276,800 239,800 189.000 January 31 5567.000 606 600 Direct labor Materials purchased during the month Factory overhead incurred during the month Indirect labor Machinery depreciation Heat, light, and power 60,520 32.000 12,200 8220 8,880 16,460 Supplies Property taxes Miscellaneous costs
compute cost ok f goods manufactured during the
year.
b- compute operating income ( income from operations) for the
year.
c- compute cost of direct materials used during the year.
d- compute cost of goods sold during the year.
please send me the answers.
thanks.
The following information pertains to Zillow Manufacturing Company for year 2019. Sales revenue $ 1.800.000 1.200.000 250.000 162.000 Cost of goods manufactured Direct manufacturing labor Administrative salaries Sales commissions Sales salaries Materials handling Indirect manufacturing...
Complete the Cost of Goods Manufactured Schedule and associated partial financial statments, (a), (b) and(c)for the Problem information for Lopez Company below. (blue shaded cells are calculated values) LOPEZ COMPANY Cost of Goods Manufactured Schedule (condensed For the Month Ended May 31, 2017 Work in process, May 1 Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Total cost of work in process At May 31, 2017, the accounts of Lopez Company show the following 1. May 1...
pute cost of goods manufactured. Aikman Company Cost of Goods Manufactured Schedule Nork-in-Process Inventory. 1/1 1612 Direct Materials Raw Materials Inventory. 1/1 23680 Materials Purchased 153280 Materials Available for Use 176960 Less Raw Materials inventory. 12/31 31650 Direct Materials Used 1410 Direct Labor 221550 Manufacturing Overhead Tot Manufacturing Costs 551410 Toul Cost of Work in Process o ry Less Wort Process inventory. 12/31 n Arrompts: 1017 used The following information is available for Aikman Company. 2020 dings January 1, 2020...
Calculate XYZ Company's:
A)Cost of Goods Manufactured for 2020
B)Conversion costs for 2020
C)Sales Commission for 2020
XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 50,000 38,000 32,000 December 31, 2020 37,000 41,000 34,000 The following costs were taken from XYZ Company's accounting records for 2020: $129,000 37,000 590,000 30,000 Sales revenue ......................................... : : Direct materials purchased ....... .................. Depreciation, factory equipment ......................... Sales...
Most questions answered within 3 hours.
-
The vapor pressure of a solution containing 38.7 g glycerin
(C3H8O3) in 146.2 g ethanol (C2H5OH)...
asked 2 minutes ago -
without using map
1. Write a C++ program to find out the top 10 words in...
asked 3 minutes ago -
A physics major is cooking breakfast when he notices that the
frictional force between the steel...
asked 7 minutes ago -
1)Calculate the percent ionization of a
0.330 M solution of hypochlorous
acid.
% Ionization = %...
asked 6 minutes ago -
A cyclohexane (c-hex) solution is prepared by fully dissolving
9.11g of a newly synthesized organic compound...
asked 13 minutes ago -
SCHEME :-)
[5 marks] Write a procedure called convert that takes as
arguments: a temperature value...
asked 19 minutes ago -
Are
Acetyl CoA and Pyruvate biological molecules that are used to get
ATP energy in aerobic...
asked 20 minutes ago -
Two waves are traveling on a string, one with a wave function,
y1 = 0.05sin(4x -...
asked 28 minutes ago -
Develop an ideal customer profile for three Dell Customer
groups( a supplier, a global business, and...
asked 30 minutes ago -
Suppose, for any future year, the probability its October rain
is more than 3 inches is...
asked 35 minutes ago -
Solve the following systems of linear equations using
substitution 12p + 3q = 15 6q +...
asked 42 minutes ago -
Prof. D went grocery shopping and purchased one dozen eggs and
one pound of flour (all...
asked 49 minutes ago