Homework Answers
Add Answer to:
Show the statement of cost of goods manufactured for 31st December 2016 Particulars $ Opening work...
Prabjot produces bread in their Company and below refers to the manufacturing activities for year ended...
Prabjot produces bread in their Company and below refers to the
manufacturing activities for year ended 2016. Show the statement of
cost of goods manufactured for 31st December 2016 (5 marks)
Particulars $ Opening work in progress (10,000 units) 16,000
Closing work in progress (12,000 units) 20,000 Opening stock of raw
materials 170,000 Closing stock of raw materials 190,000 Purchases
820,000
1. With the aid of diagrams, explain cost as variable, fixed, or mixed. (2 marks) 2 (a). With detail...
Cost Accounting: Process Costing question, based the Work in process(WIP) account. Process B had no opening...
Cost Accounting: Process Costing question, based the
Work in process(WIP) account.
Process B had no opening inventory. 13 500 Units of raw materials were transferred in at N$4.50 per unit. Additional material at N$1.25 per unit was added in the process. Labour and overheads were N$6.25 per completed unit and N$2.50 per incomplete unit. If 11 750 completed units were transferred out, what was the closing inventory in Process B? Select one: a. N$12 250.00 b. N$6 562.50 c. N$25...
Prepare an income statement through gross profit. ELLOIT COMPANY Income Statement December 31, 2016 Cost of...
Prepare an income statement through gross profit.
ELLOIT COMPANY Income Statement December 31, 2016 Cost of Goods Manufactured The following information is available for Elliot Company. January 1, 2016 $26,000 18,500 30,000 December 31, 2016 $30,000 22,200 21,000 2016 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales $170,000 230,000 180,000 800,000
please show all work and formulas used PROBLEM 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis LO3-3...
please show all work and formulas used
PROBLEM 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis LO3-3, LO3-4 Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $800,000 of manufacturing overhead for an estimated allocation base of $500,000 direct material dollars to be Page 14 used...
13.28 4,5,7 Cost of goods manufactured, cost of goods sold, and income statement Grand Slam Inc....
13.28 4,5,7 Cost of goods manufactured, cost of goods sold, and income statement Grand Slam Inc. incurred the following costs during March: Selling expenses Direct labor... Interest expense Manufacturing overhead, actual Raw materials used . Administrative expenses $31,675 56,628 8,213 40,950 92.196 24.600 Required: During the month, 3,900 units of product were manufactured and 2,200 units of product were sold. On March 1, GrandSlam carried no inventories. On March 31. there were no inventories for raw materials or work in...
Please check my answers. Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour...
Please check my answers.
Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5] The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work in Progress (as on January 01....
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work in Progress (as on January 01. 2019) Finished Goods (as on January 01. 2019) Raw Material (as on January 31, 2019) Work in Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wapes Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance onice...
Please check my answers. Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour...
Please check my
answers.
Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5) Carlton Manufacturing Company provided the following details about operations in February: $ Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 169,000 40,900 35, 100 60,200 3,650 46,400 28,600 18,800 4,650 22,600 114,000 The company...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished Goods (as on January 01, 2019) Raw Material (as on January 31, 2019) Work-in-Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wages Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance Office Cleaning Depreciation on Office...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished Goods (as on January 01, 2019) Raw Material (as on January 31, 2019) Work-in-Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wages Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance Office Cleaning Depreciation on Office...
Prabjot produces bread in their Company and below refers to the
manufacturing activities for year ended 2016. Show the statement of
cost of goods manufactured for 31st December 2016 (5 marks)
Particulars $ Opening work in progress (10,000 units) 16,000
Closing work in progress (12,000 units) 20,000 Opening stock of raw
materials 170,000 Closing stock of raw materials 190,000 Purchases
820,000
1. With the aid of diagrams, explain cost as variable, fixed, or mixed. (2 marks) 2 (a). With detail...
Cost Accounting: Process Costing question, based the
Work in process(WIP) account.
Process B had no opening inventory. 13 500 Units of raw materials were transferred in at N$4.50 per unit. Additional material at N$1.25 per unit was added in the process. Labour and overheads were N$6.25 per completed unit and N$2.50 per incomplete unit. If 11 750 completed units were transferred out, what was the closing inventory in Process B? Select one: a. N$12 250.00 b. N$6 562.50 c. N$25...
Prepare an income statement through gross profit.
ELLOIT COMPANY Income Statement December 31, 2016 Cost of Goods Manufactured The following information is available for Elliot Company. January 1, 2016 $26,000 18,500 30,000 December 31, 2016 $30,000 22,200 21,000 2016 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales $170,000 230,000 180,000 800,000
please show all work and formulas used
PROBLEM 3-14 Schedule of Cost of Goods Manufactured; Overhead Analysis LO3-3, LO3-4 Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $800,000 of manufacturing overhead for an estimated allocation base of $500,000 direct material dollars to be Page 14 used...
13.28 4,5,7 Cost of goods manufactured, cost of goods sold, and income statement Grand Slam Inc. incurred the following costs during March: Selling expenses Direct labor... Interest expense Manufacturing overhead, actual Raw materials used . Administrative expenses $31,675 56,628 8,213 40,950 92.196 24.600 Required: During the month, 3,900 units of product were manufactured and 2,200 units of product were sold. On March 1, GrandSlam carried no inventories. On March 31. there were no inventories for raw materials or work in...
Please check my answers.
Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5] The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work in Progress (as on January 01. 2019) Finished Goods (as on January 01. 2019) Raw Material (as on January 31, 2019) Work in Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wapes Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance onice...
Please check my
answers.
Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5) Carlton Manufacturing Company provided the following details about operations in February: $ Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 169,000 40,900 35, 100 60,200 3,650 46,400 28,600 18,800 4,650 22,600 114,000 The company...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished Goods (as on January 01, 2019) Raw Material (as on January 31, 2019) Work-in-Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wages Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance Office Cleaning Depreciation on Office...
PROBLEM PARTICULARS Raw Material (as on January 01, 2019) Work-in-Progress (as on January 01, 2019) Finished Goods (as on January 01, 2019) Raw Material (as on January 31, 2019) Work-in-Progress (as on January 31, 2019) Finished Goods (as on January 31, 2019) Material Purchased Carriage Inward for Raw Material Material destroyed by fire Productive Wages Wages of Storekeeper Depreciation on Machinery Factory Rent Electricity Bill of Factory Renovation of Factory Premises Machinery Repairs and Maintenance Office Cleaning Depreciation on Office...
Most questions answered within 3 hours.
-
A distribution center for a sporting goods retailer places
orders with manufacturers for a variety of...
asked 11 minutes ago -
Suppose you have a bag of Skittles with 27 blue Skittles, 18
green
Skittles, 32 red...
asked 13 minutes ago -
Sketch the circuit diagram for an inverting amplifier, and give
component values that will produce a...
asked 16 minutes ago -
Develop in C language the function whose prototype is described
below. Please, send the entire code,...
asked 34 minutes ago -
What single payment today would replace a payment stream of
$50,000 that will be paid today,...
asked 28 minutes ago -
please c++ with functions *Modify the Guessing Game Write the
secret number to a file. Then...
asked 28 minutes ago -
Question about ACID/BASE. Equal volumes of 0.230 M weak base (Kb
= 4.0× 10–9) and 0.230...
asked 33 minutes ago -
The charges and coordinates of two charged particles held fixed
in an xy plane are q1...
asked 36 minutes ago -
A particle of mass M = 7.5 kg is at a position r = (-3 i...
asked 35 minutes ago -
Please answer the question below with complete explanation and a
light rays drawing of the concave...
asked 38 minutes ago -
On January 4th, Stevens Manufacturing received an
order for 30 uniforms. The following information pertained to...
asked 47 minutes ago -
what is the present value of a 3 year growing annuity with the
first payment of...
asked 55 minutes ago