Homework Answers
Cost of goods sold(unadjested) = 260500 dollars
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A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods...
A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods...
A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods beginning balance ending balance $45,000 $37,500 $22,500 $15,000 $67,500 $87,000 Additional information : Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 Direct manufacturing wage rate per hour $ 12/DLH Predetermined overhead rate per direct labor hour $ 16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? (All answers are whole numbers -- unless specified...
A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods...
A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods beginning balance $39,000 $22,500 $67,500 ending balance $37,500 $15,000 $94,000 Additional information: Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 Direct manufacturing wage rate per hour $ 12/DLH Predetermined overhead rate per direct labor hour $ 16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? (All answers are whole numbers -- unless specified otherwise....
A company had the following operations: Help Inventories beginning balance ending balance Raw materials (all direct)...
A company had the following operations: Help Inventories beginning balance ending balance Raw materials (all direct) $34,000 $37,500 Work in process $22,500 $15.000 Finished goods $67,500 $88,000 Additional information: Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 Direct manufacturing wage rate per hour $ 12/DLH Predetermined overhead rate per direct labor hour $ 16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? (All answers are whole numbers -- unless specified...
Saved A manufacturer sold 6,960 units of its product at the price of $40 last year....
Saved A manufacturer sold 6,960 units of its product at the price of $40 last year. The variable cost petunt was $24 There operating leverage was 4. What was the margin of safety (in $) for this company last year? (All answers are whole numbers - unless specified otherwise. You should NOT include the Sra.com 1000 for one thousand. Negative numbers should be added with a minus sign, eg 1000 for deres Margin of Safety = $ 53:36 A company...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Data Table Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing...
Data Table Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing overhead Beginning Ending s 21.00030.000 35,000 25,000 38.000 22,000 s 79.000 80,000 40,000 PrintDone https/www.mathxl.com/Student/PlayerHomework.aspx?homeworkld-512043875¿ionld-3&flush ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 3.85 of 10 pts (RE18-23 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold EB (Click the icon to view the information.) Schedule of Cost of Goods Manufactured...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $13,000 16,880 10,600 34,750 21,000 20.600 22,900 7.620 9,150 13,600 28,500 2,200 5.900 44,500 60,...
Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory...
Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $126,000 283,500 303,300 260,100 Ending Inventory $ 153,250 63,500 180,500 56,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $ 145,000 27,750 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 27,600 110,400 197,800 Factory Overhead (Actual costs) Indirect materials used Indirect labor...
Work in process inventory Raw materials inventory Finished goods inventory S0 S28,500 S40,800 Additional data: 1....
Work in process inventory Raw materials inventory Finished goods inventory S0 S28,500 S40,800 Additional data: 1. Actual manufacturing overhead for January amounted to $67,000 2. Total direct labor cost for January was $63,200 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor...
$ 42,000 $13,600 7,450 18,000 January 1 Asseto Cash Raw materials Work in process Finished goods...
$ 42,000 $13,600 7,450 18,000 January 1 Asseto Cash Raw materials Work in process Finished goods Prepaid expenses Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Accounts payable Retained earnings Total liabilities and stockholders' equity 39,050 2,150 105,000 $ 188,200 $ 16,900 171,300 $ 188,200 During January the company completed the following transactions: a. Purchased raw materials on account, $76,200. b. Raw materials used in production, $84,900 ($68,000 was direct materials and $16,900 was indirect materials). c....
A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods beginning balance ending balance $45,000 $37,500 $22,500 $15,000 $67,500 $87,000 Additional information : Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 Direct manufacturing wage rate per hour $ 12/DLH Predetermined overhead rate per direct labor hour $ 16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? (All answers are whole numbers -- unless specified...
A company had the following operations: Inventories Raw materials (all direct) Work in process Finished goods beginning balance $39,000 $22,500 $67,500 ending balance $37,500 $15,000 $94,000 Additional information: Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 Direct manufacturing wage rate per hour $ 12/DLH Predetermined overhead rate per direct labor hour $ 16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? (All answers are whole numbers -- unless specified otherwise....
A company had the following operations: Help Inventories beginning balance ending balance Raw materials (all direct) $34,000 $37,500 Work in process $22,500 $15.000 Finished goods $67,500 $88,000 Additional information: Raw materials purchased $ 105,000 Direct manufacturing labor payroll (DL cost) $ 75,000 Direct manufacturing wage rate per hour $ 12/DLH Predetermined overhead rate per direct labor hour $ 16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? (All answers are whole numbers -- unless specified...
Saved A manufacturer sold 6,960 units of its product at the price of $40 last year. The variable cost petunt was $24 There operating leverage was 4. What was the margin of safety (in $) for this company last year? (All answers are whole numbers - unless specified otherwise. You should NOT include the Sra.com 1000 for one thousand. Negative numbers should be added with a minus sign, eg 1000 for deres Margin of Safety = $ 53:36 A company...
Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,115,000 36,000 51,600 67,500 158,200 235,000 22, 200 45,000 5,250 57,000 90,000 141,000 48,300 42,400 74,500 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended...
Data Table Inventories: Raw Materials Work-in-Process Finished Goods Other information: Purchases of materials Direct labor Manufacturing overhead Beginning Ending s 21.00030.000 35,000 25,000 38.000 22,000 s 79.000 80,000 40,000 PrintDone https/www.mathxl.com/Student/PlayerHomework.aspx?homeworkld-512043875¿ionld-3&flush ACC350 SP19 ETR700A Homework: Topic 1 Homework (Chapter 18) Score: 3.85 of 10 pts (RE18-23 (similar to) Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold EB (Click the icon to view the information.) Schedule of Cost of Goods Manufactured...
Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $13,000 16,880 10,600 34,750 21,000 20.600 22,900 7.620 9,150 13,600 28,500 2,200 5.900 44,500 60,...
Raw materials inventory Work in process inventory-Cutting Work in process inventory-Stitching Finished goods inventory Beginning Inventory $126,000 283,500 303,300 260,100 Ending Inventory $ 153,250 63,500 180,500 56,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-Stitching $ 145,000 27,750 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 27,600 110,400 197,800 Factory Overhead (Actual costs) Indirect materials used Indirect labor...
Work in process inventory Raw materials inventory Finished goods inventory S0 S28,500 S40,800 Additional data: 1. Actual manufacturing overhead for January amounted to $67,000 2. Total direct labor cost for January was $63,200 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor...
$ 42,000 $13,600 7,450 18,000 January 1 Asseto Cash Raw materials Work in process Finished goods Prepaid expenses Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Accounts payable Retained earnings Total liabilities and stockholders' equity 39,050 2,150 105,000 $ 188,200 $ 16,900 171,300 $ 188,200 During January the company completed the following transactions: a. Purchased raw materials on account, $76,200. b. Raw materials used in production, $84,900 ($68,000 was direct materials and $16,900 was indirect materials). c....
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