All four jobs have a blue ink materials standard that calls

Reference no: EM13602837

Flower City Cartridges (FCC) manufactures replacement cartridges for desktop printers. FCC uses standard costs within a job order cost system. In June, FCC purchased 18 gallons of blue ink for $385.20 and produced the following four different cartridge jobs using the blue ink (and other inks, materials, and direct labor):

All four jobs have a blue ink materials standard that calls for four gallons of blue ink per job. Blue ink has a standard cost of $20 per gallon. These were the only jobs calling for blue ink in June. There was no beginning blue ink inventory on June 1.

Required:
Prepare a table that indicates the financial disposition of the historical cost of the blue ink purchased in June. (That is, account for the $385.20 blue ink purchase.)

Reference no: EM13602837

Questions Cloud

Chemco operates two plants a and b which produce the same : chemco operates two plants a and b which produce the same product. the capacity of plant a is 60000 gallons while that

Profit is the difference between the amount earned from the : profit is the difference between the amount earned from the customer for goods sold or services provided by the

Most firms have the following policy we set our standards : the empirical evidence reveals that very few firms change their standard prices and standard quantities during the

Healthy products inc uses a traditional product costing : healthy products inc. uses a traditional product costing system to assign overhead costs uniformly to all products. to

All four jobs have a blue ink materials standard that calls : flower city cartridges fcc manufactures replacement cartridges for desktop printers. fcc uses standard costs within a

Prepare the budgeted income statement for the year using : avant designs designs and manufactures polished-nickel fashion bracelets. it offers two bracelets aztec and mayan. the

What amount of overhead would be allocated to the wool and : international fabrics has budgeted overhead costs of 945000. it has allocated overhead on a plantwide basis to its two

Yu have been assigned to the audit of moroney ltd a large : you have been assigned to the audit of moroney ltd a large manufacturing company. the audit strategy indicates that a

Prepare two income statements for the current year one on a : varilux manufactures a single product and sells it for 10 per unit. at the beginning of the year there were 1000 units

User Account

All Pages