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Question 18 The following information was obtained from the records of Appleton Corporation during 2019. •...
The following information was obtained from the records of Appleton Corporation during 2018. • Manufacturing Overhead...
The following information was obtained from the records of Appleton Corporation during 2018. • Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. • Beginning value of inventory follows: • Beginning Work in Process Inventory, $7,000. . Beginning Finished Goods Inventory, $12,000. . During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. • Actual manufacturing overhead costs were $89,000. • Sales were $411,000 • Adjusted...
The following information was obtained from the records of Appleton Corporation during 2018 • Manufacturing Overhead...
The following information was obtained from the records of Appleton Corporation during 2018 • Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. • Beginning value of inventory follows: • Beginning Work in Process Inventory. $10,000. • Beginning Finished Goods Inventory. $10,000. . During the period. Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. • Actual manufacturing overhead costs were $95.000. • Sales were $411,000 • Adjusted...
3 The following data from the just completed year are taken from the accounting records of...
3
The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 660,000 $ 86,080 $ 138,000 $ 110,000 $ 43,080 $ 284,000 $223,880 Inventories Raw materials Work in process Finished goods Beginning $ 8,900 $ 5,600 $72,000 Ending $ 10,400 $ 20,600 $25,800 Required: 1. Prepare a schedule of cost...
le Edit • View Insert Format Tools Table Window AutoSave Asus Help Document ome Insert Draw...
le Edit • View Insert Format Tools Table Window AutoSave Asus Help Document ome Insert Draw Design Layout References Mailings Review View Calibri (Bo. 12 AA Aa Apv v BIV ab X, X ADA Als Paste 1 The following information was obtained from the records of Appleton Corporation during 2018 • Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. . Beginning value of inventory follows: • Beginning Work in Process Inventory, $5.000. • Beginning...
The following data from the just completed year are taken from the accounting records of Mason...
The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 660,000 Direct labor cost $ 81,000 Raw material purchases $ 140,000 Selling expenses $ 103,000 Administrative expenses $ 43,000 Manufacturing overhead applied to work in process $ 201,000 Actual manufacturing overhead costs $ 225,000 Inventories Beginning of Year End of Year Raw materials $ 8,500 $ 10,500 Work in process $ 6,000 $ 21,000 Finished goods $ 79,000...
StoSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning...
StoSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work in process Finished goods Beginning Inventory $28,100 21.900 79,900 Ending Inventory $25,600 46,800 68,500 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling general, and administrative expenses Sales revenue 40,500 1,900 62,900 35.200 23,200 236,500 Required: 1. Based on the above information, prepare a cost of...
Question 1: The information below relates to Guzzardi Manufacturing Company. (Assume that all raw materials are...
Question 1: The information below relates to Guzzardi Manufacturing Company. (Assume that all raw materials are direct materials.) Purchases of raw materials ..... Direct labor cost... Selling costs (total) ........ Administrative costs (total) Manufacturing overhead costs (total) .... Raw materials inventory, beginning ....... Work in process inventory, beginning... Finished goods inventory, beginning Raw materials inventory, ending......... Work in process inventory, ending.......... Finished goods inventory, ending............. $362.000 $207.000 $61,000 $84,000 $775.000 $37,000 $19.000 $62,000 $44,000 $3,000 $77,000 Required: What is Guzzardi's...
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year...
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year ended 20xx, manufacturing overhead of $225,180 was applied to production; actual manufacturing overhead was $188,600. Beginning Work in Process Inventory was $23,100, and beginning Finished Goods Inventory was $44,700. Work in Process Inventory decreased by 25% during the year and Finished Goods Inventory decreased by 20% during the year. Adjusted Cost of Goods Sold was $623,200 for the year ended 20xx. Complete the following...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,770 $58,400 $87,000 $ 4,080 Inventories Raw materials Work in process Finished goods Beginning $ 10,600 $ 54,700 $ 33,200 Ending $ 18,800 $ 65,300 $ 43,300 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost...
Use the following information to complete a schedule of cost of goods manufactured and a cost...
Use the following information to complete a schedule of cost of goods manufactured and a cost of goods sold schedule: Given Info Beginning $8,000 $16,000 $40,000 Ending $13,000 $21,000 $60,000 Raw Materials Inv. Work in Process Inv. Finished Good Inv. Purchase of Raw Materials Direct Labor Manufacturing Overhead Applied $100,000 $80,000 $110,000 Calculate Direct Materials: Direct Materials Calculation Costs Raw Materials, Beginning $ +Raw Materials Purchased $ =Raw Materials Available GA -Raw Materials, Ending $ =Direct Materials $ Calculate Total...
The following information was obtained from the records of Appleton Corporation during 2018. • Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. • Beginning value of inventory follows: • Beginning Work in Process Inventory, $7,000. . Beginning Finished Goods Inventory, $12,000. . During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. • Actual manufacturing overhead costs were $89,000. • Sales were $411,000 • Adjusted...
The following information was obtained from the records of Appleton Corporation during 2018 • Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. • Beginning value of inventory follows: • Beginning Work in Process Inventory. $10,000. • Beginning Finished Goods Inventory. $10,000. . During the period. Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent. • Actual manufacturing overhead costs were $95.000. • Sales were $411,000 • Adjusted...
3
The following data from the just completed year are taken from the accounting records of Mason Company Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 660,000 $ 86,080 $ 138,000 $ 110,000 $ 43,080 $ 284,000 $223,880 Inventories Raw materials Work in process Finished goods Beginning $ 8,900 $ 5,600 $72,000 Ending $ 10,400 $ 20,600 $25,800 Required: 1. Prepare a schedule of cost...
le Edit • View Insert Format Tools Table Window AutoSave Asus Help Document ome Insert Draw Design Layout References Mailings Review View Calibri (Bo. 12 AA Aa Apv v BIV ab X, X ADA Als Paste 1 The following information was obtained from the records of Appleton Corporation during 2018 • Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars. . Beginning value of inventory follows: • Beginning Work in Process Inventory, $5.000. • Beginning...
StoSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work in process Finished goods Beginning Inventory $28,100 21.900 79,900 Ending Inventory $25,600 46,800 68,500 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling general, and administrative expenses Sales revenue 40,500 1,900 62,900 35.200 23,200 236,500 Required: 1. Based on the above information, prepare a cost of...
Question 1: The information below relates to Guzzardi Manufacturing Company. (Assume that all raw materials are direct materials.) Purchases of raw materials ..... Direct labor cost... Selling costs (total) ........ Administrative costs (total) Manufacturing overhead costs (total) .... Raw materials inventory, beginning ....... Work in process inventory, beginning... Finished goods inventory, beginning Raw materials inventory, ending......... Work in process inventory, ending.......... Finished goods inventory, ending............. $362.000 $207.000 $61,000 $84,000 $775.000 $37,000 $19.000 $62,000 $44,000 $3,000 $77,000 Required: What is Guzzardi's...
Christine Corp. applies manufacturing overhead to production at 90% of direct labor cost. During the year ended 20xx, manufacturing overhead of $225,180 was applied to production; actual manufacturing overhead was $188,600. Beginning Work in Process Inventory was $23,100, and beginning Finished Goods Inventory was $44,700. Work in Process Inventory decreased by 25% during the year and Finished Goods Inventory decreased by 20% during the year. Adjusted Cost of Goods Sold was $623,200 for the year ended 20xx. Complete the following...
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing overhead applied to work in process Underapplied overhead $31,000 $ 4,770 $58,400 $87,000 $ 4,080 Inventories Raw materials Work in process Finished goods Beginning $ 10,600 $ 54,700 $ 33,200 Ending $ 18,800 $ 65,300 $ 43,300 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost...
Use the following information to complete a schedule of cost of goods manufactured and a cost of goods sold schedule: Given Info Beginning $8,000 $16,000 $40,000 Ending $13,000 $21,000 $60,000 Raw Materials Inv. Work in Process Inv. Finished Good Inv. Purchase of Raw Materials Direct Labor Manufacturing Overhead Applied $100,000 $80,000 $110,000 Calculate Direct Materials: Direct Materials Calculation Costs Raw Materials, Beginning $ +Raw Materials Purchased $ =Raw Materials Available GA -Raw Materials, Ending $ =Direct Materials $ Calculate Total...
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