Homework Answers
Dear student, only one question is allowed at a time. I am answering the first question
Manufacturing overheads are indirect expenses incurred in a factory or manufacturing unit which indirectly contributes and forms part of production process
Factory repairman, Plant Manager and Product inspector contribute indirectly to production of the final product and so their cost will be included in the manufacturing overhead
Sales manager works after the production is done and so his salary will not form part of manufacturing overhead but will form part of selling expenses
So, as per above discussion, option C is the correct option
Add Answer to:
Which of the following is not an element of manufacturing overhead? o Factory repairman's wages. Plant manager's salary...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? $1,850 O $2,350 O $2,150 $2,050 We were unable to transcribe this imageModel Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning...
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process...
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 480000 9200000 820000 790000 Vaughn Manufacturing's cost of goods manufactured for the year is 0 $10450000. O $10990000. O $10810000. 0 $10630000. Question 8 Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec....
Question 8 Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020...
Question 8 Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $ 80000 $ 64000 Work in process inventory 104000 116000 Finished goods inventory 100000 92000 During 2020, Concord purchased $1490000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. Assume Concord's cost of goods manufactured for 2020 amounted to $1904000. How much would it report as cost of goods sold for the year? O $1896000...
Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials...
Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials $260000 inventory $210000 Work in process 300000 160000 inventory Finished goods 190000 150000 inventory During 2020. $750000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000 Bonita Industries's total manufacturing costs incurred in 2020 amounted to $2010000 O $1870000 $1970000. $2060000 Current Attempt in Progress Waterway Industries reported the following year-end information: $1080000 Beginning work in...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Which of the following costs would a computer manufacturer include in manufacturing overhead? O The wages earned by com...
Which of the following costs would a computer manufacturer include in manufacturing overhead? O The wages earned by computer assemblers. O Depreciation on testing equipment. O The cost of the disk drives. O The cost of the memory chips. Waterway Industries reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactured, $850000; beginning finished goods inventory, $60000; ending work in process inventory, $80000; and ending finished goods inventory, $50000. How much is Waterway's cost of...
Sheffield Corp.reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials...
Sheffield Corp.reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 970000 910000 730000 Sheffield Corp.'s cost of goods manufactured for the year is $2790000 $2610000 $2430000 $2250000 Save for Later Attempts: 0 of
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used...
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $4,750 21,330 3,400 4,540 6,090 8,470 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $440 1,590 42,300 1,900 2,140 3,360 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Year Ended June 30,...
Please show work on how to calculate Cost of Goods Available for Sale and Cost of...
Please show work on how to
calculate Cost of Goods Available for Sale and Cost of Goods
Manufactured!
Exercise 14-12 a-b (Video) Marigold Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,490 21,980 3,250 4,400 5,550 7,830 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $490 1,500 42,400 1,880 2,930 3,770 Prepare...
Barry's BarBQue incurred the following costs: $1,400 for ribs, 45 hours of labor to cook the ribs at $10 per hour, $50 for seasoning and sauce, $300 for signs to advertise the ribs, $150 to clean the grill after cooking the ribs, and $100 of administrative costs. How much are total product costs? $1,850 O $2,350 O $2,150 $2,050 We were unable to transcribe this imageModel Magic Manufacturing reported the following year-end balances: Beginning work in process inventory, $35,000; beginning...
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 480000 9200000 820000 790000 Vaughn Manufacturing's cost of goods manufactured for the year is 0 $10450000. O $10990000. O $10810000. 0 $10630000. Question 8 Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec....
Question 8 Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $ 80000 $ 64000 Work in process inventory 104000 116000 Finished goods inventory 100000 92000 During 2020, Concord purchased $1490000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. Assume Concord's cost of goods manufactured for 2020 amounted to $1904000. How much would it report as cost of goods sold for the year? O $1896000...
Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 Raw materials $260000 inventory $210000 Work in process 300000 160000 inventory Finished goods 190000 150000 inventory During 2020. $750000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000 Bonita Industries's total manufacturing costs incurred in 2020 amounted to $2010000 O $1870000 $1970000. $2060000 Current Attempt in Progress Waterway Industries reported the following year-end information: $1080000 Beginning work in...
Concord Corporation has beginning and ending work in process inventories of $170000 and $185000 respectively. If total manufacturing costs are $680000, what is the total cost of goods manufactured? O $850000. O $665000. $865000. $695000. Given the following data for Concord Corporation, compute cost of goods manufactured: Direct materials used $120000 Beginning work in process $20000 Direct labor 100000 Ending work in process 10000 Manufacturing 80000 Beginning finished goods 25000 overhead Operating expenses 75000 Ending finished goods 15000 $300000 $320000...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Which of the following costs would a computer manufacturer include in manufacturing overhead? O The wages earned by computer assemblers. O Depreciation on testing equipment. O The cost of the disk drives. O The cost of the memory chips. Waterway Industries reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactured, $850000; beginning finished goods inventory, $60000; ending work in process inventory, $80000; and ending finished goods inventory, $50000. How much is Waterway's cost of...
Sheffield Corp.reported the following year-end information: $1080000 300000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 900000 480000 970000 910000 730000 Sheffield Corp.'s cost of goods manufactured for the year is $2790000 $2610000 $2430000 $2250000 Save for Later Attempts: 0 of
Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $4,750 21,330 3,400 4,540 6,090 8,470 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $440 1,590 42,300 1,900 2,140 3,360 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods Manufactured Schedule For the Year Ended June 30,...
Please show work on how to
calculate Cost of Goods Available for Sale and Cost of Goods
Manufactured!
Exercise 14-12 a-b (Video) Marigold Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,490 21,980 3,250 4,400 5,550 7,830 Factory utilities Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials Factory manager's salary $490 1,500 42,400 1,880 2,930 3,770 Prepare...
Most questions answered within 3 hours.
-
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 20 minutes ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 1 hour ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 2 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 2 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 3 hours ago -
1. In eukaryotic cells the genomes of
&
asked 3 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 3 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 3 hours ago -
In 1999, Carly Fiorina famously said,"I hope that we are at a
point that everyone is...
asked 3 hours ago -
Individuals in a species of moth vary in wing color from white to
black, but all...
asked 3 hours ago -
The following standards for variable manufacturing overhead have
been established for a company that makes only...
asked 3 hours ago -
The United States government wanted to determine what proportion
of Americans approve of the current president,...
asked 4 hours ago