Reference no: EM13302285
On May 31, the inventory balances of Princess Designs, a manufacturer of high-quality children's clothing, were as follows:
Materials Inventory, $21,360
Work in Process Inventory, $15,112
Finished Goods Inventory, $17,120
Job order cost cards for jobs in process
as of June 30 has these totals:
Job No. Direct Materials Direct Labor Overhead
24-A $1,596 $1,290 $1,677
24-B $1,492 $1,380 $1,794
24-C $1,984 $1,760 $2,288
24-D $1,608 $1,540 $2,002
The predetermined overhead rate is 130 percent of direct labor costs. Materials purchased and received in June were as follows:
June 4th $33,120
June 16th $28,600
June 22nd $31,920
Direct Labor Costs for June were as follows:
June 15 payroll $23,680
June 29 payroll $25,960
Direct Materials requested by production during June were as follows:
6-Jun $37,240
23-Jun $38,960
Required:
1. Using T accounts for Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Overhead, Accounts Receivable,
Payroll payable, Sales, and Costs of Goods Sold, reconstruct the transactions in June.
2. Compute the cost of units completed during the month.
3. What was the total cost of goods sold during June?
4. Determine the ending inventory balances.
5. Jobs24-A and 24-C were completed during the first week of July. No additional materials costs were incurred, but Job 24-A required $960 more of direct labor, and Job 24-C needed an additional $1,610 of direct labor. Job 24-A was composed of 1,200 pairs of trousers.
Determine the smallest object your bare eye can resolve
: Suppose you have a near-point distance of 16 cm. The angular resolution of the eye is determined by diffraction, What is the smallest object your bare eye can resolve
|
Explain which are found for methyl m-nitrobenzoate
: List infrared peaks which are found for methyl m-nitrobenzoate which would not be found in the infrared spectrum of methyl benzoate. List functional group/bond as well as position.
|
What is the difference in the percentage of the firm
: What is the difference in the percentage of the firm's pre-tax income that investors actually receive and can spend under the corporate and partnership forms of organization?
|
A strategic alliance-distribution plan for a new product
: Which strategy should a distribution plan for a new product include? A strategic alliance is:
|
Determine the ending inventory balances
: Jobs24-A and 24-C were completed during the first week of July. No additional materials costs were incurred, but Job 24-A required $960 more of direct labor, and Job 24-C needed an additional $1,610 of direct labor. Job 24-A was composed of 1,200 ..
|
Define how many grams of the reactant in excess
: If a solution containing 63.411 g of mercury(II) chlorate is allowed to react completely with a solution containing 16.642 g of sodium sulfate, how many grams of solid precipitate will be formed. How many grams of the reactant in excess will remai..
|
Compute the friends near-point distance
: A person with a near-point distance of 29 cm is able to get a usable magnification of 12 with a particular magnifying glass. What is the friend's near-point distance
|
Ingrid are equal partners in the ghi partnership
: George, Harriet and Ingrid are equal Partners in the GHI Partnership. George's Adjusted Basis (AB) in his Partnership Interest is $40,000, Harriet's is $60,000 and Ingrid's is $20,000. The Partnership distributes property to George which has ..
|
Determine directions of the net force on the charge
: A 0.0017T magnetic field and a 5.7 x 10^3 N/C electric field both points in the same directions. Determine the magnitude and directions of the net force on the charge
|