Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Winfrey Co.'s March 31 inventory of raw materials is $190,000. Raw materials purchases in April are $440,000, and factory payroll cost in April is $246,000. Overhead costs incurred in April are: indirect materials, $26,000; indirect labor, $14,000; factory rent, $22,000; factory utilities, $14,000; and factory equipment depreciation, $33,800. The predetermined overhead rate is 45% of direct labor cost. Job 306 is sold for $330,000 cash in April. Costs of the three jobs worked on in April follow.
Job 306
Job 307
Job 308
Balances on March 31
Direct materials
$17,000
$22,000
Direct labor
22,000
12,000
Applied overhead
9,900
5,400
Costs during April
95,000
170,000
$75,000
36,000
66,000
130,000
?
Status on April 30
Finished (sold)
Finished (unsold)
In process
Required: Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31).
The equipment cost $540,000, had accumulated depreciation of $240,000 at the end of the year after recording annual depreciation, and had a fair value of $330,000. After the revaluation, the accumulated depreciation account will have a balance of:
Eisler Corporation issued 2,370 $1,000 bonds at 102. Use the proportional method to record the issuance of the bonds and warrants
A customer has offered to buy 60,000 units for $150 each. Compute the effect on the net income if Bayfield accepts the special order.
The following data relate to Jones Company for the year ended December 31, 2011: Determine income on an accrual basis
withholdings from the employees salaries include fica ss taxes at a rate of 6.2 fica medicare taxes at a rate of 1.45
Seattle Chocolates has been sued for $100,000 in a contract dispute. It is not possible at this time, however, to make a reasonable estimate of the possible loss, if any, that the company may have sustained.
clary jensen farms purchased power equipment with an expecteduseful life of four years or 1000 hours of usage. the
Discuss the various types of risk to which mutual fund shareholders are exposed. What is the major risk exposure of mutual funds?
Which of the following is an example of direct materials cost for an automobile manufacturer?
turney company produces and sells automobile batteries the heavy-duty hd-240. the 2014 sales forecast is as follows.
If required, round to the nearest whole number (except for unit price amounts, which should be rounded to nearest cent if required).
On April 1, 2014, Joy Ltd. sold land for $600,000. The note will be collected as follows: $100,000 in 2014, $200,000 in 2015, and $300,000 in 2016. The property had cost Joy $122,000 when it was purchased in 2001.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd