Reference no: EM132546654
The Outdoor Manufacturing Company produces sporting equipment. The company maintains a single raw materials inventory account for both direct and indirect materials.
The following information came from the factory ledger accounts for December:
Raw Materials, December 1 $ 45,500
Work in Process, December 1 125,000
Finished Goods, December 1 175,000
Raw materials purchases (during December) 623,000
Direct labor 435,000
Repairs and maintenance 37,200
Indirect materials 16,700
Utilities 63,200
Indirect labor 38,200
Supervisors' salaries 18,300
Raw Materials, December 31 43,600
Work in Process, December 31 135,000
Finished Goods, December 31 150,000
Question 1: Compute the cost of direct materials used during the month of December
|
Social impact of business-globalization
: Describe the roles of the World Bank (WB), International Monetary Fund (IMF), and World Trade Organization (WTO) in the acceleration of globalization
|
|
What do you suggest should the plant be leased or purchased
: You want to buy a new plant with a price of Rs. 400,000. The borrowing cost is 10% interest rate to be paid at the end of each year
|
|
Discuss the key emerging and disruptive technologies
: Describe and discuss the key emerging and disruptive technologies which are transforming and impacting the accounting profession
|
|
Material provided in this course assist
: How did the material provided in this course assist your growth as a student and as an individual, in general?
|
|
Compute the cost of direct materials used during the month
: Compute the cost of direct materials used during the month of December. The company maintains a single raw materials inventory account
|
|
Create a dummy balance sheet
: Create a dummy Balance Sheet of your own with dummy values of Assets and Liabilities and show the accounting treatment
|
|
Compute the semiannual amortization amount
: On January 1, $901,000, 5-year, 10% bonds, were issued for $873,970. Compute the semiannual amortization amount
|
|
Company per-share dividend in 2014
: Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 500,000
|
|
Calculate anouks minimum net income for tax purposes
: Calculate Anouks minimum net income for tax purposes in accordance with the ordering provisions found in section 3 of the Income Tax Act
|