Homework Answers
ANSWER
- b. Meet the manager needs.
- b. Depreciation on factory buildings.
- a. Direct Material and Direct Labor.
- d. all the answers are true.
- c. $ 75,000
- d. Expensed in the period the product is sold.
- a. advertising expenses
- a. indirect cost
- a. $ 218,000
- a. $ 291,500
- a. Job order cost & process cost system.
- c. Lumber Mill
- b. Debit Materials, Credit Work in Process
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14. The basis for recording direct and indirect labor costs incurred is a summary of the period a job order cost sheets b. time tickets c. employees' earnings records d clock cards 15. At the end of the fiscal year, the balance in Factory Overhead is small. This balance would normally be: a. transferred to Work in Process b. transferred to Cost of Goods Sold...
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21. The recording of the jobs shipped and customers billed would include a debitor a Accounts Payable b. Cash e. Finished Goods d. Cost of Goods Sold 22 Pogba Poobah Manufacturers Ine has estimated total factory overhead costs of $95.000 and 10,000 direct labor hours for the current fiscal year. Ir job number 117 incurred 2,300 direct labor hours, the work in process account will...
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- 17. Selected account with edebit credits are presented as follows Work in Press 20,000 Deti Goods finished Oer 31 31 31 Balance Direct materials Direct labor Factory overhead 201,000 Ol Balance 31 Goods finished Finished Clouds 52.000 300,000 521,000, what was the amount of factory overhead applied the balance of Work in Progress at October 31 in October? 56.300 b. 521,300 54,300 d. SIL.300...
please label as they would, i am very confused on that part in particular. show all...
please label as they would, i am very confused on that part in
particular. show all work, thank you!
The following information applies to the questions displayed below.] Sierra Company manufactures woven blankets and accounts for product costs using process costing. Data below are for one of its processing departments. The following information is available regarding its May inventories Raw materials inventory Work in process inventory Finished goods inventory Beginning Inventory $ 54.000 404,500 640,000 Ending Inventory $ 50.500 555,000...
23. A product cost is expensed in the period in which it is manufactured shown with...
23. A product cost is expensed in the period in which it is manufactured shown with current liabilities on the balance sheet shown with operating expenses on the income statement d expensed in the period the product is sold Conversion costs are a direct materials and direct labor b. direct materials and factory overhead e factory overhead and direct labor d. direct materials and indirect labor 25. Given the following data: Beginning raw materials inventory Materials purchased Ending raw materials...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE SCREENSHOTS ARE FOR TO HELP YOU...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE
SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE
BEFORE :D
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...
need help please Required information The following selected account balances are provided for Delray Mfg. Sales...
need help please
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,175,000 41,000 51,000 63,000 182,100 228,000 22,400 43,000 5, 250 52,000 84,000...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $420,000 $ 80,000...
31) Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect...
31) Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect labor Factory depreciation $16,000 4,000 8,500 12,800 37,000 Direct labor Using the above information, total factory A) $53,000. B) $25,300. e above information total factory overhead costs would be: C) $78,300. D) $16,800. E) $12,800 ne overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: A) Work in Process Inventory. B) Cost...
Can you please help me finish this whole problem. I am having trouble finding the conversion...
Can you please help me finish this whole problem. I am having
trouble finding the conversion costs incurred for the period.
Major League Bat Company manufactures baseball bats. In addition to its work in process inventories, the company maintains inventories of raw materials and finished goods. It uses raw materials as direct materials in production and as indirect materials. Its factory payroll costs include direct labor for production and indirect labor. All materials are added at the beginning of the...
please help with these please i am so confused. please do all
them. thank you.
14. The basis for recording direct and indirect labor costs incurred is a summary of the period a job order cost sheets b. time tickets c. employees' earnings records d clock cards 15. At the end of the fiscal year, the balance in Factory Overhead is small. This balance would normally be: a. transferred to Work in Process b. transferred to Cost of Goods Sold...
please help with these please i am so confused. please do all
them. thank you.
21. The recording of the jobs shipped and customers billed would include a debitor a Accounts Payable b. Cash e. Finished Goods d. Cost of Goods Sold 22 Pogba Poobah Manufacturers Ine has estimated total factory overhead costs of $95.000 and 10,000 direct labor hours for the current fiscal year. Ir job number 117 incurred 2,300 direct labor hours, the work in process account will...
please help with these please i am so confused. please do all
them. thank you.
- 17. Selected account with edebit credits are presented as follows Work in Press 20,000 Deti Goods finished Oer 31 31 31 Balance Direct materials Direct labor Factory overhead 201,000 Ol Balance 31 Goods finished Finished Clouds 52.000 300,000 521,000, what was the amount of factory overhead applied the balance of Work in Progress at October 31 in October? 56.300 b. 521,300 54,300 d. SIL.300...
please label as they would, i am very confused on that part in
particular. show all work, thank you!
The following information applies to the questions displayed below.] Sierra Company manufactures woven blankets and accounts for product costs using process costing. Data below are for one of its processing departments. The following information is available regarding its May inventories Raw materials inventory Work in process inventory Finished goods inventory Beginning Inventory $ 54.000 404,500 640,000 Ending Inventory $ 50.500 555,000...
23. A product cost is expensed in the period in which it is manufactured shown with current liabilities on the balance sheet shown with operating expenses on the income statement d expensed in the period the product is sold Conversion costs are a direct materials and direct labor b. direct materials and factory overhead e factory overhead and direct labor d. direct materials and indirect labor 25. Given the following data: Beginning raw materials inventory Materials purchased Ending raw materials...
HEY, ALL I NEED IS THE LAST QUESTION PLEASE, THESE
SCREENSHOTS ARE FOR TO HELP YOU UNDERSTAND WHAT HAS BEEN DONE
BEFORE :D
P15-3A Prepare entries for a job order cost system and cost of goods manufactured schedule Case Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2020, the general ledger for Case Inc. contains the following data. Raw Materials Inventory Work...
need help please
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,175,000 41,000 51,000 63,000 182,100 228,000 22,400 43,000 5, 250 52,000 84,000...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: $ 17,000 150,000 10,000 90,000 147,000 12,000 $426,000 Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $420,000 $ 80,000...
31) Asteroid Industries accumulated the following cost information for the year: Direct materials Indirect materials Indirect labor Factory depreciation $16,000 4,000 8,500 12,800 37,000 Direct labor Using the above information, total factory A) $53,000. B) $25,300. e above information total factory overhead costs would be: C) $78,300. D) $16,800. E) $12,800 ne overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: A) Work in Process Inventory. B) Cost...
Can you please help me finish this whole problem. I am having
trouble finding the conversion costs incurred for the period.
Major League Bat Company manufactures baseball bats. In addition to its work in process inventories, the company maintains inventories of raw materials and finished goods. It uses raw materials as direct materials in production and as indirect materials. Its factory payroll costs include direct labor for production and indirect labor. All materials are added at the beginning of the...
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