Determine the amount that was apportioned to production

Assignment Help Managerial Accounting
Reference no: EM132954722

Problem 1: Consider the information below and determine the amount that was apportioned to production as the cost of manufacturing overheads.

Opening balance of work-in-progress account R120 000

Closing balance of work-in-progress account R90 000

Cost of goods manufactured R950 000

Cost of direct materials transferred to production R220 000

Cost of direct labour charged to production R300 000

A. R400 000
B. R980 000
C. R460 000
D. R860 000

Reference no: EM132954722

Questions Cloud

What journal entry would morena ltd make to record : What journal entry would Morena (Pty) Ltd make to record the completion of Job A at a total cost of R10 000. Cost of goods manufacturedR10 000
How much will he have to set aside today at the same rate : How much will he have to set aside today at the same rate, if the bank does a monthly compounding
Which will result in an increase in working capital : Which will result in an increase in working capital? A decrease in the level of inventory held by adopting the EOQ model./ Using cash to reduce a bank overdraft
What the direct labour cost on the job was : Jackson Company applies overhead to jobs, If Job Zet shows R27 000 for applied manufacturing overhead, the direct labour cost on the job was
Determine the amount that was apportioned to production : Consider the information below and determine the amount that was apportioned to production as the cost of manufacturing overheads.
What is the present value of the dividends : An American call option on the stock has a strike price of $340 and expires in 0.5 years. What is the present value of the dividends
What the cash collection cycle is : If days' sales in inventory is 243 days; debtors collection period is 123 days, credit; creditors payment period is 55 days, then the cash collection cycle is
Determine the total manufacturing costs amount to : Determine the total manufacturing costs amount to. Plus: Opening balance of work-in-progress account. Cost of goods manufactured 105 000
What the gross profit margin was determined to be : What the gross profit margin for 2020 was determined to be? An extract from the financial statements of Varume Limited for the year

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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