Which of the following costs do NOT "flow" into Work In Process in a manufacturing company?...
Which of the following costs do NOT "flow" into Work In Process
in a manufacturing company?
(a) Labor.
(b) Overhead.
(c) Raw Materials.
(d) Sales and Marketing.
Is the correct anserw B?
Homework Answers
Answer is d: Sales and Marketing
Explanation:
The Work in process inventory only product cost such as direct material, direct labor and manufacturing overheads.
However, selling and marketing cost are period cost is not a part of work in process inventory rather debited in the Income statement to arrive at the net income.
Add Answer to:
Which of the following costs do NOT "flow" into Work In Process
in a manufacturing company?...
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57. During the year, a manufacturing company had the following operating Beginning work-in-process inventory Beginning finished...
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5. What is the total manufacturing cost added to Work in Process during the year? 6....
5. What is the total manufacturing cost
added to Work in Process during the year?
6. What is the journal entry to record the transfer of completed
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7. What is the ending balance in Work in Process?
8. What is the total amount of actual manufacturing overhead
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Please answer the question which are CIRCLED IN RED！！ Thanks a
lot
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5. What is the total manufacturing cost
added to Work in Process during the year?
6. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
7. What is the ending balance in Work in Process?
8. What is the total amount of actual manufacturing overhead
cost incurred during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows:...
Please answer the question which are CIRCLED IN RED！！ Thanks a
lot
At Allen Company, manufacturing overhead is applied at the rate of 160% of direct labor hours. Overhead was estimated to be $540,000 and direct labor hours were estimated to be 360,000. Actual direct labor hours and actual direct labor costs for the year amounted to 400,000 hours and $700,000. In addition, Allen Company incurred the following actual costs during the year: • Administrative expenses, $100,000 • Depreciation expense...
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