Homework Answers
Direct labor cost = (A)161333.33 dollars
Above answer is explained below in detail:
Note : Here direct labor cost is considered as 150%. Direct labor cost includes 50 % of manufacturing overhead and 100% of direct labor cost.
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Here are selected data for Whatchamacallit Company: Cost of goods manufactured $320,800 Work in process inventory,...
Here are selected data for Whatchamacallit Company Cost of goods manufactured Work in process inventory, beginning...
Here are selected data for Whatchamacallit Company Cost of goods manufactured Work in process inventory, beginning Work in process inventory, ending Direct materials used Manufacturing overhead is allocated at 50% of direct labor cost $320,600 $109,400 104,600 $73,400 What was the amount of direct labor costs? (Round your answer to the nearest cent.) O A. $154,200.00 ов. S106.900.00 O c. $161,600.00 OD. $242,400.00
Here are selected data for King Friday Corporation: Beginning raw materials inventory $37,000 Beginning work in...
Here are selected data for King Friday Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory $61,600 Beginning finished goods inventory $56,300 Cost of materials purchased $151,000 Cost of direct materials requisitioned $91,800 Direct labor incurred $125,000 Actual manufacturing overhead $160,000 Cost of goods manufactured $287,500 Cost of goods sold $265,000 Predetermined Manufacturing overhead rate (% of direct labor) 125% What is the ending work in process inventory balance? A. $220,300 B. $201,950 C. $147,150 D. $211,600
List: Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor...
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data:...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts (Click...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts (Click the icon to view the schedules.) Jones Inc. Fit Apparel 2,900 Snyder Corp. 40,900 5 35,000 20,900 10,700 10.600 1.200 800 Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work in Process Inventory 8,300 (2300) 125 400) Cost of Goods Manufactured Enter any number in the edit fields...
Here are selected data for Creek Corporation: Cost of materials purchases on account $ 68100 Cost...
Here are selected data for Creek Corporation: Cost of materials purchases on account $ 68100 Cost of materials requisitioned (includes $ 4600 of indirect) $ 51700 Direct labor costs incurred $ 77000 Manufacturing overhead costs incurred, including indirect materials $ 97800 Cost of goods manufactured $ 223900 Cost of goods sold $ 151500 Beginning raw materials inventory $ 15300 Beginning work in process inventory $ 30200 Beginning finished goods inventory $ 33500 Predetermined manufacturing overhead rate (as % of direct...
Argento Supplies, Inc. selected cost data for the year are shown below. Work-in-Process Inventory, Jan. 1...
Argento Supplies, Inc. selected cost data for the year are shown below. Work-in-Process Inventory, Jan. 1 $5,920 Direct Materials Used 101,000 Work-in-Process Inventory. Dec. 31 2,860 Cast of Goods Manufactured 193.100 Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the ye the your O A. $190,040 OB. $61,240 O c. $64,300 OD. $128,800 Click to select your answer. SAMSUNG
step by step thank you 7) Here are selected data for Tyler Corporation: 2 Cost of...
step by step thank you
7) Here are selected data for Tyler Corporation: 2 Cost of materials purchases on account Cost of materials requisitioned (includes $4,500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods soldado 35 Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) What is the balance in work in process inventory...
Use the cost information below for Sundar Company to determine the cost of goods manufactured during...
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used Direct labor used Factory overhead Beginning work in process inventory Ending work in process inventory $20,300 25,800 48,600 12,000 12,600 Multiple Choice Ο $45,500. Ο $73,800. Ο $46,100. Ο Ο $94,700. $94,700. Ο $94,100.
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning...
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance—Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $28,000 55,000 84,000 60,000 356,000 470,000 20,000 24,000 269,000 What was the amount of the cost of goods manufactured for the year? O A. $1,366,000 OB. $1,136,000 OC. $1,190,000 OD $1,163,000
Here are selected data for Whatchamacallit Company Cost of goods manufactured Work in process inventory, beginning Work in process inventory, ending Direct materials used Manufacturing overhead is allocated at 50% of direct labor cost $320,600 $109,400 104,600 $73,400 What was the amount of direct labor costs? (Round your answer to the nearest cent.) O A. $154,200.00 ов. S106.900.00 O c. $161,600.00 OD. $242,400.00
List:
Beginning raw materials inventory
Beginning work in process inventory
Cost of goods manufactured
Direct labor
Ending raw materials inventory
Ending work in process inventory
Manufacturing overhead
Materials available for use
Purchases of direct materials
Total manufacturing costs incurred during the period
Total manufacturing costs to account for
Lawrence Industries is calculating its Cost of Goods Manufactured at year-end. Lawrence's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $11,000 and an ending balance...
15 Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 Work-in-Process Inventory, Jan. 1 Work-in-Process Inventory, Dec. 31 Finished Goods Inventory, Jan. 1 Finished Goods Inventory, Dec. 31 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process Direct Materials Used: Beginning Raw Materials Inventory Purchased of Raw...
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts (Click the icon to view the schedules.) Jones Inc. Fit Apparel 2,900 Snyder Corp. 40,900 5 35,000 20,900 10,700 10.600 1.200 800 Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Work in Process Inventory 8,300 (2300) 125 400) Cost of Goods Manufactured Enter any number in the edit fields...
Argento Supplies, Inc. selected cost data for the year are shown below. Work-in-Process Inventory, Jan. 1 $5,920 Direct Materials Used 101,000 Work-in-Process Inventory. Dec. 31 2,860 Cast of Goods Manufactured 193.100 Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the ye the your O A. $190,040 OB. $61,240 O c. $64,300 OD. $128,800 Click to select your answer. SAMSUNG
step by step thank you
7) Here are selected data for Tyler Corporation: 2 Cost of materials purchases on account Cost of materials requisitioned (includes $4,500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods soldado 35 Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) What is the balance in work in process inventory...
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used Direct labor used Factory overhead Beginning work in process inventory Ending work in process inventory $20,300 25,800 48,600 12,000 12,600 Multiple Choice Ο $45,500. Ο $73,800. Ο $46,100. Ο Ο $94,700. $94,700. Ο $94,100.
Payton Corporation provided the following information for the year. Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Direct Materials Ending Balance—Direct Materials Purchases-Direct Materials Direct Labor Indirect Labor Depreciation on Factory Plant and Equipment Plant Utilities and Insurance $28,000 55,000 84,000 60,000 356,000 470,000 20,000 24,000 269,000 What was the amount of the cost of goods manufactured for the year? O A. $1,366,000 OB. $1,136,000 OC. $1,190,000 OD $1,163,000
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