Compute the total manufacturing cost

Assignment Help Cost Accounting
Reference no: EM132745439

Question - Baam & Rachel Company manufactures sports accessories for almost 2 years. The data of its current or 2020 operations are as follows:

Finished goods inventory, beginning 1,203,100

Raw materials purchases 3,672,100

Direct labor 2,699,900

Finished goods inventory, ending 1,943,600

Manufacturing overhead 986,400

Work in process inventory, beginning 883,500

Raw materials ending 2,033,300

Work in process inventory, ending 785,700

Raw materials, beginning P 1,550,600

Required - Compute the total manufacturing cost for 2020.

Reference no: EM132745439

Questions Cloud

Question - estimated warranty liability : Question - Estimated Warranty Liability - Provide the journal entry for the estimated warranty expense on July 31 for July sales
Find for the carrying amounts of the right-of-use asset : On January 1, 20X1, Lessee enters into a 4-year lease, Compute for the carrying amounts of the right-of-use asset and lease liability on December 31, 20X1.
Can business culture be managed : Can business culture be managed? If so, how? Give an example
What are most persuasive arguments in favor : What are the most persuasive arguments in favor of and against allowing the patentability of higher life forms?
Compute the total manufacturing cost : Baam & Rachel Company manufactures sports accessories for almost 2 years. Compute the total manufacturing cost for 2020
Prepare the amortization table for the lease liability : Prepare the amortization table for the lease liability. Provide the journal entries on the following dates: January 1, 20X1 and December 31, 20X1.
How would you analyse competitive environment : (a) List the Environmental factors that can affect an organisation's Strategy.
How much revenue can balfour beatty recognize : Balfour Beatty won the contract to build the Aquatics Centre, How much revenue can Balfour Beatty recognize from the Olympic Aquatics Centre contract in 2016?
How much do Kenny and Jannah have saved toward down payment : For the past six years they have been able to put $50 each month into a savings account with an APR of 1.8%. How much do Kenny and Jannah have saved

Reviews

Write a Review

Cost Accounting Questions & Answers

  What amount should the patent be carried

What amount should the patent be carried on the December 31 - Malrom Manufacturing Company

  Prepare an adjusted trial balance as of december

Prepare an adjusted trial balance as of December 31, 2011 and prepare an income statement for the three months ended December 31, 2011

  Prepare an analysis for jackson flocks

Prepare an analysis for Jackson Flocks that compares processing the smoked legs - Identify at least three types of likely behavior

  What will the customer are charged

Which of the following is not a relevant value in this problem and What will the customer are charged

  Prepare an income statement for the current year

Prepare an income statement for the current year ended December 31, 2014 and prepare a retained earnings statement for the current year ended December 31, 2014.

  What is the apbo at the beginning of the year

What is the APBO at the beginning of 2013? What is the interest cost for 2013? What is service cost for 2013? Prepare the journal entry to record the postretirement benefit expense for 2013.

  Prepare a physical flow schedule

Prepare a physical flow schedule. Compute equivalent units using the weighted average method.

  Identify whether you should reduce variable or fixed costs

Calculate an overhead absorption rate for each process, the actual processing hours worked 3,500, whilst the actual overheads incurred

  What is amy profit for the year ended 31 december 20x8

Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 20X8. During the year ended 31 December 20X8 she paid $65,000 capital into the business and she paid herself wages of $800 per month.

  Identify the activities that would drive costs

In your post, provide some background information about your company. Explain what it produces and identify the activities that would drive costs.

  What is the present value of the given amount today

Assuming the appropriate interest rate for discounting is 12% (compounded semiannually), what is the present value of this amount today?

  Prepare the journal entry to record the overhead

Prepare the journal entry to record the overhead for the Bailey job and prepare the journal entry to record the cost of supplies for the Bailey job.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd