Homework Answers
Basic Exercises Exercises and Problems20200615_0055.pdf (174 KB) Page > of 5 ZOOM + ✓ c. fabric,...
Basic Exercises Exercises and Problems20200615_0055.pdf (174 KB) Page > of 5 ZOOM + ✓ c. fabric, $68,300 SHOW ME HOW EX 16-5 Entries for materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a Obj. 2 job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $58,300 Polyester filling 30,000 Lumber 58,800 Glue 9,950 The materials purchased during April are summarized from the receiving reports as follows: Fabric $820,000 Polyester filling 315,000 Lumber...
Page < 2 > of 3 ZOOM 1. A formula is given below for the nth...
Page < 2 > of 3 ZOOM 1. A formula is given below for the nth term a, of a sequence [an]. Find the values of a4, 22 a3, and as. Simplify your answers. a. (–1)n-13n (n + 1)! b. 2" er-1
Page < 2 > of 4 0 - ZOOM + K Determine the acceleration of the...
Page < 2 > of 4 0 - ZOOM + K Determine the acceleration of the block me for the next system. Take the masses of me and my as 9 kg and 3 kg, respectively. The incline has an angle #: of 25 and the rope makes and angle 82. of 15' with the ramp. Assume a coefficient of kinetic friction of 0.35 for the contact surface between mi and the ramp. Pwley
b. $3,655,000 SHOW ME HOW Describe each of the five transactions. EX 16-2 Cost flow relationships...
b. $3,655,000 SHOW ME HOW Describe each of the five transactions. EX 16-2 Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufac- Obj. 2 turer of fabricating equipment: Sales $12,375,000 Gross profit 5,200,000 Indirect labor 410,000 Indirect materials 180,000 Other factory overhead 810,000 Materials purchased 4,125,000 Total manufacturing costs for the period 7,880,000 Materials inventory, end of period 290,000 Determine the following amounts: a. Cost of goods sold b. Direct...
32 Fall 20 Exam 1.docx (52 KB) Page < > of 4 ZOOM + 4. (10...
32 Fall 20 Exam 1.docx (52 KB) Page < > of 4 ZOOM + 4. (10 points) Cal Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs ...... Conversion costs Cost Percent Complete $12,000 65% $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the...
Page < 2 > of 8 ZOOM + 1) Draw the mechanism for the formation of...
Page < 2 > of 8 ZOOM + 1) Draw the mechanism for the formation of 2-bromopropane. Use the mechanism to explain why 1-bromopropane is not formed in this reaction (10 points) Br HBr Not Br us JUL OL 31
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw...
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $209,000. b. Raw materials used in production, $189,000 ($151,200 direct materials and $37,800 indirect materials). C. Accrued direct labor cost of $48,000 and indirect labor cost of $20,000. d. Depreciation recorded on factory equipment, $106,000. e. Other manufacturing overhead costs accrued during October, $130,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $10 per...
Page < 2 of 5 - ZOOM + Use the following to answer questions 18-21 GOL...
Page < 2 of 5 - ZOOM + Use the following to answer questions 18-21 GOL Inc., begins the year with inventory of $51,200 and ends the year with inventory of $44,300. During the year, the following amounts are recorded: Sales Sales returns & allowances Sales discounts Purchases Operating expenses $900,000 6,700 15,000 582,300 212,000 _Net Sales _Calculate cost of goods sold Gross profit 21. % Gross profit ratio (rounded to once decimal place) Chapter 6 Page 6-2 Use the...
Page < 5 > of 9 0 - ZOOM + 2. A construction site uses two...
Page < 5 > of 9 0 - ZOOM + 2. A construction site uses two types of workers - skilled (s) and unskilled (U). They produce feet of new pavement (Q) per day according to the production function Q = 1005 - 5S? + 50U - 5U2 Skilled workers are paid $200 per day, while unskilled workers are paid $100 per day. The company paid $40,000 for equipment for the skilled workers. The company has a daily budget of...
Sultan, Inc. manufactures goods to special order and uses a job order cost system. During its...
Sultan, Inc. manufactures goods to special order and uses a job
order cost system. During its first month of operations, the
following selected transactions took place
REQUIRED:
1) Prepare journal entries to record the transactions.
2) Compute the ending balance in Work in Process.
3) Compute the ending balance in Finished Goods.
a. $37,000 b. $ 2,200 5,700 7,100 1,700 1,350 C. Materials purchased on account. Materials issued to the factory: Job 101 ....... Job 102 Job 103. Job 104...
Basic Exercises Exercises and Problems20200615_0055.pdf (174 KB) Page > of 5 ZOOM + ✓ c. fabric, $68,300 SHOW ME HOW EX 16-5 Entries for materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a Obj. 2 job order cost system. Balances on April 1 from the materials ledger are as follows: Fabric $58,300 Polyester filling 30,000 Lumber 58,800 Glue 9,950 The materials purchased during April are summarized from the receiving reports as follows: Fabric $820,000 Polyester filling 315,000 Lumber...
Page < 2 > of 3 ZOOM 1. A formula is given below for the nth term a, of a sequence [an]. Find the values of a4, 22 a3, and as. Simplify your answers. a. (–1)n-13n (n + 1)! b. 2" er-1
Page < 2 > of 4 0 - ZOOM + K Determine the acceleration of the block me for the next system. Take the masses of me and my as 9 kg and 3 kg, respectively. The incline has an angle #: of 25 and the rope makes and angle 82. of 15' with the ramp. Assume a coefficient of kinetic friction of 0.35 for the contact surface between mi and the ramp. Pwley
b. $3,655,000 SHOW ME HOW Describe each of the five transactions. EX 16-2 Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufac- Obj. 2 turer of fabricating equipment: Sales $12,375,000 Gross profit 5,200,000 Indirect labor 410,000 Indirect materials 180,000 Other factory overhead 810,000 Materials purchased 4,125,000 Total manufacturing costs for the period 7,880,000 Materials inventory, end of period 290,000 Determine the following amounts: a. Cost of goods sold b. Direct...
32 Fall 20 Exam 1.docx (52 KB) Page < > of 4 ZOOM + 4. (10 points) Cal Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Materials costs ...... Conversion costs Cost Percent Complete $12,000 65% $2,000 10% A total of 9,200 units were started and 8,300 units were transferred to the...
Page < 2 > of 8 ZOOM + 1) Draw the mechanism for the formation of 2-bromopropane. Use the mechanism to explain why 1-bromopropane is not formed in this reaction (10 points) Br HBr Not Br us JUL OL 31
The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $209,000. b. Raw materials used in production, $189,000 ($151,200 direct materials and $37,800 indirect materials). C. Accrued direct labor cost of $48,000 and indirect labor cost of $20,000. d. Depreciation recorded on factory equipment, $106,000. e. Other manufacturing overhead costs accrued during October, $130,000. f. The company applies manufacturing overhead cost to production using a predetermined rate of $10 per...
Page < 2 of 5 - ZOOM + Use the following to answer questions 18-21 GOL Inc., begins the year with inventory of $51,200 and ends the year with inventory of $44,300. During the year, the following amounts are recorded: Sales Sales returns & allowances Sales discounts Purchases Operating expenses $900,000 6,700 15,000 582,300 212,000 _Net Sales _Calculate cost of goods sold Gross profit 21. % Gross profit ratio (rounded to once decimal place) Chapter 6 Page 6-2 Use the...
Page < 5 > of 9 0 - ZOOM + 2. A construction site uses two types of workers - skilled (s) and unskilled (U). They produce feet of new pavement (Q) per day according to the production function Q = 1005 - 5S? + 50U - 5U2 Skilled workers are paid $200 per day, while unskilled workers are paid $100 per day. The company paid $40,000 for equipment for the skilled workers. The company has a daily budget of...
Sultan, Inc. manufactures goods to special order and uses a job
order cost system. During its first month of operations, the
following selected transactions took place
REQUIRED:
1) Prepare journal entries to record the transactions.
2) Compute the ending balance in Work in Process.
3) Compute the ending balance in Finished Goods.
a. $37,000 b. $ 2,200 5,700 7,100 1,700 1,350 C. Materials purchased on account. Materials issued to the factory: Job 101 ....... Job 102 Job 103. Job 104...
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