Homework Answers
Correct answer---$30,000
.
|
Payment for line workers ($12 x 2500) |
$ 30,000.00 |
Only the Payment made to line workers will be considered as direct labor.
Salary of Testing engineer, supervisor and janitor will be considered as indirect labor or other factory overheads.
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4 Last month a manufacturing company spent $8,000 on salary for factory supenvisors, $3,000 on salary...
During the current month, Blossom Company incurs the following manufacturing costs. (a) Purchased raw materials of...
During the current month, Blossom Company incurs the following
manufacturing costs.
(a)
Purchased raw materials of $17,000 on account.
(b)
Incurred factory labor of $38,000. Of that amount, $29,000
relates to wages payable and $9,000 relates to payroll taxes
payable.
(c)
Factory utilities of $3,000 are payable, prepaid factory
property taxes of $2,500 have expired, and depreciation on the
factory building is $8,000.
Prepare journal entries for each type of manufacturing cost.
(Credit account titles are automatically indented when
amount...
Problem 2.41A a-b Par Play Company, a manufacturer of driver golf dubs, started production in November...
Problem 2.41A a-b Par Play Company, a manufacturer of driver golf dubs, started production in November 2020. For the preceding five years, Par Play had been a retailer of sports equipment. After a thorough survey of driver golf club markets, Par Play decided to turn its retail store into a driver golf dub factory Raw materials costs will total $24 per driver. Workers on the production lines are paid on average $17 per hour. A driver usually takes 2 hours...
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1....
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X mark...
Elliott Company, a manufacturer of tennis rackets, started production in November 2017. For the preceding 5...
Elliott Company, a manufacturer of tennis rackets, started
production in November 2017. For the preceding 5 years, Elliott had
been a retailer of sports equipment. After a thorough survey of
tennis racket markets, Elliott decided to turn its retail store
into a tennis racket factory.
Raw materials cost for a tennis racket will total $23 per
racket. Workers on the production lines are paid on average $15 per
hour. A racket usually takes 2 hours to complete. In addition, the...
Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct materials $211,000 Factory...
Cost Classification Loring Company incurred the following costs last year: Costs Amounts Direct materials $211,000 Factory rent 21,000 Direct labor 120,000 Factory utilities 6,300 Supervision in the factory 55,000 Indirect labor in the factory 38,000 Depreciation on factory equipment 8,500 Sales commissions 33,000 Sales salaries 72,000 Advertising 35,000 Depreciation on the headquarters building 10,200 Salary of the corporate receptionist 27,000 Other administrative costs 183,000 Salary of the factory receptionist 29,000 Required: 1. Classify each of the costs using the table...
this is all one question Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started...
this is all one question
Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory Raw material costs for an audio system wil total 577 per unit. Workers on the production lines are on average paid $14 per hour. An audio...
1. Ford Manufacturing Company incurs the following manufacturing costs and expenses during the month of May....
1. Ford Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. (12 pts) 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. ...
Problem 2.41A a-b Par Play Company, a manufacturer of driver golf clubs, started production in November...
Problem 2.41A a-b Par Play Company, a manufacturer of driver golf clubs, started production in November 2020. For the preceding five years, Par Play had been a retailer of sports equipment. After a thorough survey of driver golf club markets, Par Play decided to turn its retail store into a driver golf club factory. Raw materials costs will total $24 per driver. Workers on the production lines are paid on average $16 per hour. A driver usually takes 2 hours...
Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020....
Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory Raw material costs for an audio system will total $77 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of...
During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,000 on account. (b) Incurred factory labor of $38,000. Of that amount, $29,000 relates to wages payable and $9,000 relates to payroll taxes payable. (c) Factory utilities of $3,000 are payable, prepaid factory property taxes of $2,500 have expired, and depreciation on the factory building is $8,000. Prepare journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount...
During the current month, Blossom Company incurs the following
manufacturing costs.
(a)
Purchased raw materials of $17,000 on account.
(b)
Incurred factory labor of $38,000. Of that amount, $29,000
relates to wages payable and $9,000 relates to payroll taxes
payable.
(c)
Factory utilities of $3,000 are payable, prepaid factory
property taxes of $2,500 have expired, and depreciation on the
factory building is $8,000.
Prepare journal entries for each type of manufacturing cost.
(Credit account titles are automatically indented when
amount...
Problem 2.41A a-b Par Play Company, a manufacturer of driver golf dubs, started production in November 2020. For the preceding five years, Par Play had been a retailer of sports equipment. After a thorough survey of driver golf club markets, Par Play decided to turn its retail store into a driver golf dub factory Raw materials costs will total $24 per driver. Workers on the production lines are paid on average $17 per hour. A driver usually takes 2 hours...
Yates Manufacturing Company incurs the following manufacturing costs and expenses during the month of May. 1. Assembly line wages 2. Raw materials used directly in product 3. Depreciation on office equipment 4. Property taxes on factory building 5. Rent on factory building 6. Sales commissions 7. Depreciation on factory equipment 8. Factory utilities 9. Wages for factory maintenance workers 10. Advertising 11. Indirect materials used in production 12. Factory manager's salary Complete the following matrix by placing an X mark...
Elliott Company, a manufacturer of tennis rackets, started
production in November 2017. For the preceding 5 years, Elliott had
been a retailer of sports equipment. After a thorough survey of
tennis racket markets, Elliott decided to turn its retail store
into a tennis racket factory.
Raw materials cost for a tennis racket will total $23 per
racket. Workers on the production lines are paid on average $15 per
hour. A racket usually takes 2 hours to complete. In addition, the...
this is all one question
Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory Raw material costs for an audio system wil total 577 per unit. Workers on the production lines are on average paid $14 per hour. An audio...
Problem 1-2A (Video) Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory Raw material costs for an audio system will total $77 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours...
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