Homework Answers
| The correct answer is $56,500 | ||
| Direct Materials: | ||
| Raw Materials Inventory, Beginning | 29,500 | |
| Add: Raw Materials Purchases | 82,000 | |
| Total Raw Materials available for use | 111,500 | |
| Less: Raw Materials Inventory, Ending | 55,000 | |
| Direct Material Cost | 56,500 | |
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Bottum Corporation, a manufacturing Corporation, has provided date concerning its operations for May. The beginning balance...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $26,500 and the ending balance was $49,000. Raw materials purchases during the month totaled $76,000. Manufacturing overhead cost incurred during the month was $117,500, of which $3,300 consisted of raw materials classified as indirect materials. The direct materials cost for May was:
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $28,500 and the ending balance was $53,000. Raw materials purchases during the month totaled $80,000. Manufacturing overhead cost incurred during the month was $119,500, of which $3,700 consisted of raw materials classified as indirect materials. The direct materials cost for May was: Multiple Choice $80,000 $55,500 O $104,500 $51,800
TB MC Qu. 3-90 Bottum Corporation, a manufacturing Corporation, has provided Bottum Corporation, a manufacturing Corporation...
TB MC Qu. 3-90 Bottum Corporation, a manufacturing Corporation, has provided Bottum Corporation, a manufacturing Corporation has provided data concoming its operations for May. The beginning balance in the raw materials account was $22.500 and the ending balance was $4.000 Raw materials cost for purchases during the month totaled $68.000 Manufacturing overhead cost incurred during the month was $13.500, of which $2.500 consisted of raw materials classified as indirect materials. The direct ma My was Muhoice 900.000 0.00 10 ooo...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $28,500 and the ending balance was $53,000. Raw materials purchases during the month totaled $80,000. Manufacturing overhead cost incurred during the month was $119,500, of which $3,700 consisted of raw materials classified as indirect materials. The direct materials cost for May was Multiple Choice $80,000 $55,500 $104,500 $51,800 Weatherhead Inc. has provided the following data for the month...
Stelmack Corporation, a manufacturing Corporation, has provided data concerning its operations for September. The beginning balance...
Stelmack Corporation, a manufacturing Corporation, has provided data concerning its operations for September. The beginning balance in the raw materials account was $27,000 and the ending balance was $20,000. Raw materials purchases during the month totaled $80,000. Manufacturing overhead cost incurred during the month was $72,000, of which $3,000 consisted of raw materials classified as indirect materials. The direct materials cost for September was: A. 84k B. 87k C. 70k D. 90k
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The...
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $24,000 at the beginning of the month and $18,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $55,400 and direct labor cost of $28,600. The actual manufacturing overhead cost incurred was $53,200. The manufacturing overhead cost applied to Work in Process was $51,400. The cost of goods...
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 $ 31,000 Indirect materials included in manufacturing overhead $ 4,710 Direct labor $ 59,000 Manufacturing overhead applied to work in process $ 88,400 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $ 11,700 $ 19,800 Work in process $ 55,000 $ 65,000 Finished goods $ 34,500 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases...
Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials $ 30,000 Indirect materials included in manufacturing overhead $ 4,700 Direct labor $ 60,000 Manufacturing overhead applied to work in process $ 88,800 Underapplied overhead $ 4,130 Inventories Beginning Ending Raw materials $ 11,900 $ 18,700 Work in process $ 55,600 $ 65,100 Finished goods $ 34,700 $ 43,200 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
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 $ 30,000 Indirect materials included in manufacturing overhead $ 4,650 Direct labor $ 59,500 Manufacturing overhead applied to work in process $ 87,800 Underapplied overhead $ 4,180 Inventories Beginning Ending Raw materials $ 10,000 $ 18,200 Work in process $ 55,700 $ 66,200 Finished goods $ 33,200 $ 43,700 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare...
rimare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials...
rimare Corporation has provided the following data concerning
last month’s manufacturing operations.
Purchases of raw materials
$
31,000
Indirect materials included in manufacturing overhead
$
4,820
Direct labor
$
58,500
Manufacturing overhead applied to work in process
$
88,900
Underapplied overhead
$
4,060
Inventories
Beginning
Ending
Raw materials
$
12,000
$
18,500
Work in process
$
55,400
$
65,300
Finished goods
$
34,900
$
42,100
Required:
1. Prepare a schedule of cost of goods manufactured for the
month.
2. Prepare...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $28,500 and the ending balance was $53,000. Raw materials purchases during the month totaled $80,000. Manufacturing overhead cost incurred during the month was $119,500, of which $3,700 consisted of raw materials classified as indirect materials. The direct materials cost for May was: Multiple Choice $80,000 $55,500 O $104,500 $51,800
TB MC Qu. 3-90 Bottum Corporation, a manufacturing Corporation, has provided Bottum Corporation, a manufacturing Corporation has provided data concoming its operations for May. The beginning balance in the raw materials account was $22.500 and the ending balance was $4.000 Raw materials cost for purchases during the month totaled $68.000 Manufacturing overhead cost incurred during the month was $13.500, of which $2.500 consisted of raw materials classified as indirect materials. The direct ma My was Muhoice 900.000 0.00 10 ooo...
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in the raw materials account was $28,500 and the ending balance was $53,000. Raw materials purchases during the month totaled $80,000. Manufacturing overhead cost incurred during the month was $119,500, of which $3,700 consisted of raw materials classified as indirect materials. The direct materials cost for May was Multiple Choice $80,000 $55,500 $104,500 $51,800 Weatherhead Inc. has provided the following data for the month...
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $24,000 at the beginning of the month and $18,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $55,400 and direct labor cost of $28,600. The actual manufacturing overhead cost incurred was $53,200. The manufacturing overhead cost applied to Work in Process was $51,400. The cost of goods...
rimare Corporation has provided the following data concerning
last month’s manufacturing operations.
Purchases of raw materials
$
31,000
Indirect materials included in manufacturing overhead
$
4,820
Direct labor
$
58,500
Manufacturing overhead applied to work in process
$
88,900
Underapplied overhead
$
4,060
Inventories
Beginning
Ending
Raw materials
$
12,000
$
18,500
Work in process
$
55,400
$
65,300
Finished goods
$
34,900
$
42,100
Required:
1. Prepare a schedule of cost of goods manufactured for the
month.
2. Prepare...
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