User Account

All Pages

Discuss cost flow relationships

Assignment Help Accounting Basics
Reference no: EM131764392

Cost Flow Relationships

The following information is available for the first month of operations of Url Inc., a manufacturer of art and craft items: 

Sales $1,337,200
Gross profit 361,000
Indirect labor 120,300
Indirect materials 49,500
Other factory overhead 22,700
Materials purchased 682,000
Total manufacturing costs for the period 1,476,300
Materials inventory, end of period 49,500

Factory overhead was applied during the year. Using the above information, determine the following missing amounts:

a. Cost of goods sold
b. Direct materials cost
c. Direct labor cost

Reference no: EM131764392

Questions Cloud

Explain why the interpretivist methodology is the best fit : Explain why the interpretivist methodology is the best fit for observational research and ethnographical research.
What is social interaction : What is social interaction? What are the elements of social structures? How does this apply to the activity you just completed?
Prepare the statement of cash flow under the direct method : Prepare the statement of cash flow under the direct method for the year ended December
Muscle a has a cross-sectional area : Muscle A has a cross-sectional area of 10 cm2 and a maximal velocity of 45 cm s-1. Muscle B has a cross-sectional area of 20 cm2 and a maximal velocity of 15 cm
Discuss cost flow relationships : Factory overhead was applied during the year. Using the above information
Discuss about the public health prevention : Write a comparison (similarities and differences) of public health prevention and mental health prevention.
Review potential impacts in employee satisfaction : Review potential impacts in employee satisfaction, public perception, and social responsibility initiatives-Companys share price and market capitalization
What percent of your total income do you need to pay : What percentage of the Federal Poverty Level is this couple's income? Give your answer in percentages and explain what the percentage means.
Calculate the residual income for the jefferson division : Calculate the residual income for the Jefferson Division, Calculate the residual income for the Adams Division

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the significance of the date of record

What is the significance of the date of record and the date of distribution?

  Prepare the journal entry on august 31 to record the final

the red white amp blue partnership was begun with investments by the partners as follows red 175000 white 220000 and

  Then calculate the present value the 200000 payment

eichelberger trucking won a settlement in a lawsuit and was offered four different payment alternatives by the

  Traditional methods of distribution

Today, companies must decide whether to sell their products directly to their customers via the Internet or to use more traditional methods of distribution.

  Process steps of milling and pressing

Hershey Company. Go the Hershey website to learn how to make Hershey chocolate. Review the process and take a look at some of the videos. Pay particular attention to the process steps of milling and pressing, mixing the ingredients, and refining.

  Government and nonprofit accounting

Some, but not all, contributions of goods and services are given accounting recognition. In each of the following scenarios, an organization receives a contribution in kind. Prepare journal entries, as necessary, to give them accounting recognitio..

  Hortez co. owns equipment that cost

Hortez Co. owns equipment that cost $ 76,800, with accumulated depreciation of $ 40,800. Hortez sells the equipment for cash. Record the sale of the equipment assuming Hortez sells the equipment for

  Nature and significance of liabilities in the company

As a group, imagine you are the team of fund managers in a fund management company. You are holding a briefing meeting at which each person explains to the others some feature of the companies in which your fund invests. Today's subject is liabili..

  Niva co manufactures three products bales tales and wales

niva co. manufactures three products bales tales and wales. the selling prices are 55 78 and 32 respectively. the

  Household budget or learning about budgets

Most everyone has dealt with a budget sometime in his or her life, whether it is a household budget or learning about budgets in high school.

  Using the appropriate interest table compute the present

using the appropriate interest table compute the present values of the periodic amounts due at the end of the

  Why are companies needed to prepare a statement of cash

write a 350-word response to the followingwhy are companies required to prepare a statement of cash flows? why is the

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