Homework Answers
| 200 |
| A manufacturing company usually has three inventory accounts which are (1) Finished goods inventory, (2) raw materials inventory and (3)work in process inventory |
| 199 |
| A manufacturing company computes cost of goods sold by adding cost of goods manufacturing to the beginning finished goods inventory and subtracting ending finished goods inventory |
| 198 |
| The ending finished goods inventory is subtracted from the total cost of work in process to calculate cost of goods manufactured |
| 192 |
| The three elements in manufacturing a product are (1) Direct materials (2) direct labor and (3) Manufacturing overhead |
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Fill in the blanks Question 200 manufacturing company usually has three inventory accounts which are (1)...
Fill in the blanks Question 192 The three cost elements in manufacturing a product are (1)...
Fill in the blanks Question 192 The three cost elements in manufacturing a product are (1) and (3) Question Attempts: 0 of 1 used
QUESTION 13 The Dusty Company has the following cost schedule. Fill the blanks in the table...
QUESTION 13 The Dusty Company has the following cost schedule. Fill the blanks in the table to compute (a) average total cost and (b) marginal cost schedules for the firm (Fill numbers to the blanks with rounding to the second digit after the decimal. Do not put dollar sign in the blank) (a) Average Total Cost Marginal Coat 0 Total Cost $5000 5750 50 $115.00/unit $15.00/unit 100 6175 150 7140 200 7650 250 8290 300 9000
VI. Fill in the blanks (10) 1. Please fill in "Buyer" or "Seller" in the following...
VI. Fill in the blanks (10) 1. Please fill in "Buyer" or "Seller" in the following table. Who should bear Costs risks after delivery to carrier Obligation of signing contract shipment insurance shipment insurance FOB CFR CIF 2. The process of negotiation usually includes four stages, they are _ counter-offer and 3. China Insurance Clause(CIC) has three basic clauses, they are and
1. Describe the following inventory accounts for manufacturing companies. Compare type of inventory accounts for a...
1. Describe the following inventory accounts for manufacturing companies. Compare type of inventory accounts for a merchandising company. • Raw Materials - • Work in Process - • Finished Goods- 2. What are the accounts that you will see in an Income Statement for a manufacturing company that you do not see in an Income Statement for a merchandising company? 3. What is the basic equation for inventory accounts?
fill in the blanks and show full work The ledger of Bramble Company contains the following...
fill in the blanks and show full work
The ledger of Bramble Company contains the following balances: Retained Earnings $29.000, Dividends $2,000, Service Revenue $51,500, Salaries and Wages Expense $28,500, and Supplies Expense $6,500. The closing entries are as follows: (1) (2) (3) Close revenue accounts. Close expense accounts Close net income/(loss). Close dividends. Enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. Salaries and Wages Expense Ba (2) Supplies Enter the balances in...
Go to page 2 Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in...
Go to page 2 Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. (ALT Exercise A from text publisher) Calculate the Accounting Rate of Return: Accounting rate of return = Annual after-tax net income/Annual average investment
Blue Inc. has the following data related to an item of inventory: Inventory, May 1 200...
Blue Inc. has the following data related to an item of inventory: Inventory, May 1 200 units @ $2.10 Purchase, May 8 800 units @ $2.20 Purchase, May 20 300 units @ $2.25 Inventory, May 31 500 units What is cost of goods sold if Blue uses the FIFO cost flow assumption? (Fill in blanks with numbers only. No $ needed.)
Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in new equipment with an...
Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. Diane Manufacturing desired rate of return on this project is 10%. (ALT Exercise A from text publisher) Calculate the Net Present Value: Net cash flows for years...
Question 1 Fill in the blanks to create an integer array of 32 elements numbers Question...
Question 1 Fill in the blanks to create an integer array of 32 elements numbers Question 3 Given an array called flops with elements 78.98, 45, 22.09, 77.89, 77.98 What index number for the flops array contains the value 77.89 Question 4 1 pts Fill in the blanks to initialise an array of 500 elements with the character Z tIo... zeds
QUESTION 32 Which is the appropriate order of presentation of the inventory accounts on the balance...
QUESTION 32 Which is the appropriate order of presentation of the inventory accounts on the balance sheet of a manufacturing company? 1.Finished goods, Raw materials, Work in process 2. Work in process, Finished Goods, Raw materials 3. Finished Goods, Work in process, Raw materials 4. There is no specific order of presentation QUESTION 33 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 32 AND 33. Evans Inc. had the following activities during 2008: Direct materials: BEGINNING INVENTORY $ 40,000 Purchases 123,200 Ending...
Fill in the blanks Question 192 The three cost elements in manufacturing a product are (1) and (3) Question Attempts: 0 of 1 used
QUESTION 13 The Dusty Company has the following cost schedule. Fill the blanks in the table to compute (a) average total cost and (b) marginal cost schedules for the firm (Fill numbers to the blanks with rounding to the second digit after the decimal. Do not put dollar sign in the blank) (a) Average Total Cost Marginal Coat 0 Total Cost $5000 5750 50 $115.00/unit $15.00/unit 100 6175 150 7140 200 7650 250 8290 300 9000
VI. Fill in the blanks (10) 1. Please fill in "Buyer" or "Seller" in the following table. Who should bear Costs risks after delivery to carrier Obligation of signing contract shipment insurance shipment insurance FOB CFR CIF 2. The process of negotiation usually includes four stages, they are _ counter-offer and 3. China Insurance Clause(CIC) has three basic clauses, they are and
1. Describe the following inventory accounts for manufacturing companies. Compare type of inventory accounts for a merchandising company. • Raw Materials - • Work in Process - • Finished Goods- 2. What are the accounts that you will see in an Income Statement for a manufacturing company that you do not see in an Income Statement for a merchandising company? 3. What is the basic equation for inventory accounts?
fill in the blanks and show full work
The ledger of Bramble Company contains the following balances: Retained Earnings $29.000, Dividends $2,000, Service Revenue $51,500, Salaries and Wages Expense $28,500, and Supplies Expense $6,500. The closing entries are as follows: (1) (2) (3) Close revenue accounts. Close expense accounts Close net income/(loss). Close dividends. Enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. Salaries and Wages Expense Ba (2) Supplies Enter the balances in...
Go to page 2 Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. (ALT Exercise A from text publisher) Calculate the Accounting Rate of Return: Accounting rate of return = Annual after-tax net income/Annual average investment
Blue Inc. has the following data related to an item of inventory: Inventory, May 1 200 units @ $2.10 Purchase, May 8 800 units @ $2.20 Purchase, May 20 300 units @ $2.25 Inventory, May 31 500 units What is cost of goods sold if Blue uses the FIFO cost flow assumption? (Fill in blanks with numbers only. No $ needed.)
Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. Diane Manufacturing desired rate of return on this project is 10%. (ALT Exercise A from text publisher) Calculate the Net Present Value: Net cash flows for years...
Question 1 Fill in the blanks to create an integer array of 32 elements numbers Question 3 Given an array called flops with elements 78.98, 45, 22.09, 77.89, 77.98 What index number for the flops array contains the value 77.89 Question 4 1 pts Fill in the blanks to initialise an array of 500 elements with the character Z tIo... zeds
QUESTION 32 Which is the appropriate order of presentation of the inventory accounts on the balance sheet of a manufacturing company? 1.Finished goods, Raw materials, Work in process 2. Work in process, Finished Goods, Raw materials 3. Finished Goods, Work in process, Raw materials 4. There is no specific order of presentation QUESTION 33 THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 32 AND 33. Evans Inc. had the following activities during 2008: Direct materials: BEGINNING INVENTORY $ 40,000 Purchases 123,200 Ending...
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