User Account

All Pages

Direct material used during the period amounted

Assignment Help Financial Management
Reference no: EM13985155

It's Kinda China produces collectible pieces of art. The company's Raw material Inventory account includes the costs of both direct and indirect materials. Account balances for the company at the beginning and end of July 2008 follow:

Raw Materials Inventory $46,600 $34,800

Work in Process Inventory 73,200 60,000

Finished Goods Inventory 36,000 52,400

During the month, the company purchased $164,000 of raw material; direct material used during the period amounted to $128,000. Factory payroll costs for July were $197,000 of which 85 percent was related to direct labor.

Overhead charges for depreciation, insurance, utilities, and maintenance totaled $150,000 for July.

a. Prepare a schedule of cost of goods manufactured.

b. Prepare a schedule of cost of goods sold.

Reference no: EM13985155

Questions Cloud

Benefits of understanding contract formation : Provide an example of Contract Law and explain when it is good to have and when it should be avoided. The benefits of understanding Contract Formation. Provide an example of when this was helpful in yours or someone else's situation
Discuss goal settings effects on motivation : Analyze the various types of process and content theories of motivation.
Calculate the expected to reach snake eyes : Using the result of Exercise 17, calculate the expected to reach snake eyes, in equilibrium, and see if this resolves the apparent paradox. If you are still in doubt, simulate the experiment to decide which argument is correct. Can you give an int..
Transition matrix of an ergodic markov chain : Let P be the transition matrix of an ergodic Markov chain and P∗ the reverse transition matrix. Show that they have the same fixed probability vector w.
Direct material used during the period amounted : Prepare a schedule of cost of goods manufactured. Prepare a schedule of cost of goods sold.
Why do suspects tend to give more information : The psychological manipulation begins before the interrogator even opens his/her mouth. In your opinion, why do suspects tend to give more information when they are uncomfortable
Regular periodic investments in a security without regard : Regular, periodic investments in a security without regard to price is:
Program ergodic chain : Modify the program ErgodicChain so that you can compute the basic quan- tities for the queueing example of Exercise 11.3.20. Interpret the mean recur- rence time for state 0.
What is the induced current in the rod : A rectangular loop (a = 0.14 m, b = 0.40 m) is pushed into a space where there is uniform magnetic field with a speed of 4.60 m/s. What is the induced current in the rod if the magnetic field is uniform and has a magnitude of 7.50 T, and the resist..

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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