Homework Answers
Manufacturing costs
| Particulars | Raw materials inventory | Factory labor | Manufacturing overhead | work in process inventory | Finished goods inventory | Cost of goods sold |
| Balance | 0 | 0 | 0 | 61800 | 0 | 0 |
| Completion of jobs: | ||||||
| Job 10 | 0 | 0 | 0 | -27300 | 27300 | 0 |
| Job 11 | 0 | 0 | 0 | -34500 | 34500 | 0 |
| Balance | 0 | 0 | 0 | 0 | 61800 | 0 |
| Job sold: | ||||||
| Job 10 | 0 | 0 | 0 | 0 | -27300 | 27300 |
| Balance | 0 | 0 | 0 | 0 | 34500 | 27300 |
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Show Attempt History Current Attempt in Progress Your answer is partially correct. In March, Sheffield Company...
Posted twice to show complete table. there is no manufacturing cost, labour, factory cost etc provided...
Posted twice to show complete table. there is no manufacturing
cost, labour, factory cost etc provided
In March, Vaughn Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $26,300 and Job 11 $36,800. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Manufacturing Costs Factory Labor Raw...
Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially...
Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Concord Music Company makes custom marimbas and xylophones. Since much of the work on these musical instruments is done by hand, the company uses direct labor hours as its manufacturing overhead application base. The company's annual budgeted overhead costs for 73,500 direct labor hours totaled $588,000. (a) Assume that during the year, the company incurred manufacturing overhead totaling $590,000 for 73,500 direct labor...
In March, Crane Company completes its only two jobs in process, Jobs 10 and 11. Job...
In March, Crane Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $27,700 and Job 11 $40,500. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Work in Proce Raw Materials Inventory $ Manufacturing Overhead $ $ $ $ Balance Completion of...
In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job...
In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $30,000 and Job 11 $34,300. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Fini: Inve Raw Materials Inventory Factory Labor Manufacturing Overhead Balance $ $ Completion of...
Onow Attempt History Current Attempt In Progress - Your answer is partially correct. Sheffield Lake Corporation's...
Onow Attempt History Current Attempt In Progress - Your answer is partially correct. Sheffield Lake Corporation's accounting records show the following at year-end December 31, 2017 Purchase Discounts $5,920 Beginning Inventory $33,390 Freight-In 9,470 Ending Inventory 28,600 Freight-Out 12,460 Purchase Returns and Allowances 4,860 Purchases 163,710 Assuming that Sheffield Lake Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold. Cost of goods purchased $ 162400 Cost of goods sold $ 157720
Current Attempt in Progress Your answer is partially correct. Warner Company purchases $54,900 of direct raw...
Current Attempt in Progress Your answer is partially correct. Warner Company purchases $54,900 of direct raw materials and it incurs $63,800 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $24,600 of direct raw materials and $45,900 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using...
Question 3 --/1 View Policies Current Attempt in Progress In March, Stinson Company completes Jobs 10...
Question 3 --/1 View Policies Current Attempt in Progress In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $21,700 and Job 11 $31,800. On March 31, Job 10 is sold to the customer for $44,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished...
- Your answer is partially correct. In March, Stinson Company completes Jobs 10 and 11. Job...
- Your answer is partially correct. In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $26,500 and Job 11 $36,100. On March 31, Job 10 is sold to the customer for $35,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished Goods Inventory 62,600...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
Show Attempt History Current Attempt in Progress Your answer is partially correct. ction Blossom Company purchased...
Show Attempt History Current Attempt in Progress Your answer is partially correct. ction Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a salvage value of $5,700. The machine is expected to be used for 70,000 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to o decimal places, e.g. 5,275.)...
Posted twice to show complete table. there is no manufacturing
cost, labour, factory cost etc provided
In March, Vaughn Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $26,300 and Job 11 $36,800. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Manufacturing Costs Factory Labor Raw...
Question 4 View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Concord Music Company makes custom marimbas and xylophones. Since much of the work on these musical instruments is done by hand, the company uses direct labor hours as its manufacturing overhead application base. The company's annual budgeted overhead costs for 73,500 direct labor hours totaled $588,000. (a) Assume that during the year, the company incurred manufacturing overhead totaling $590,000 for 73,500 direct labor...
In March, Crane Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $27,700 and Job 11 $40,500. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Factory Labor Work in Proce Raw Materials Inventory $ Manufacturing Overhead $ $ $ $ Balance Completion of...
In March, Uriole Company completes its only two jobs in process, Jobs 10 and 11. Job 10 cost $30,000 and Job 11 $34,300. On March 31, Job 10 is sold. Record the completion of the two jobs and the sale of Job 10. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Work in Process Inventory Fini: Inve Raw Materials Inventory Factory Labor Manufacturing Overhead Balance $ $ Completion of...
Onow Attempt History Current Attempt In Progress - Your answer is partially correct. Sheffield Lake Corporation's accounting records show the following at year-end December 31, 2017 Purchase Discounts $5,920 Beginning Inventory $33,390 Freight-In 9,470 Ending Inventory 28,600 Freight-Out 12,460 Purchase Returns and Allowances 4,860 Purchases 163,710 Assuming that Sheffield Lake Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold. Cost of goods purchased $ 162400 Cost of goods sold $ 157720
Current Attempt in Progress Your answer is partially correct. Warner Company purchases $54,900 of direct raw materials and it incurs $63,800 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $24,600 of direct raw materials and $45,900 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using...
Question 3 --/1 View Policies Current Attempt in Progress In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $21,700 and Job 11 $31,800. On March 31, Job 10 is sold to the customer for $44,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished...
- Your answer is partially correct. In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $26,500 and Job 11 $36,100. On March 31, Job 10 is sold to the customer for $35,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished Goods Inventory 62,600...
Question 10 View Policies Current Attempt in Progress Use a tabular summary to record the following transactions for Cullumber Company using a perpetual inventory system. (a) On March 2, Cullumber Company sold $928,800 of merchandise to Oriole Company on account. The cost of the merchandise sold was $511,500. (b) On March 6, Oriole Company returned $108,400 of the merchandise purchased on March 2. The cost of the merchandise returned was $60,800. (c) On March 12, Cullumber Company received the balance...
Show Attempt History Current Attempt in Progress Your answer is partially correct. ction Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a salvage value of $5,700. The machine is expected to be used for 70,000 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to o decimal places, e.g. 5,275.)...
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