User Account

All Pages

Find what was adjusted cost of goods sold

Assignment Help Managerial Accounting
Reference no: EM132655096

Amelia Company had the following information for the year:

Direct materials used $295,000

Direct labour incurred (9,000 hours) $245,000

Actual manufacturing overhead incurred $343,000

Problem 1: Amelia Company used a predetermined overhead rate using estimated overhead of $320,000 and 8000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,000. What was adjusted cost of goods sold?

Select one:

a. $900,000

b. $883,000

c. $881,000

d. $864,000

Reference no: EM132655096

Questions Cloud

What would be the hourly rate to holman associates : Gallagher Associates, a law firm, hires Attorney Dina Martin, What would be the hourly (cost) rate to Holman Associates of employing Green?
Use of marketing analytics in businesses 2020 : Explain with an example the Use of Marketing Analytics in Businesses 2020.
How the judge and attorneys interact with each other : You are an attorney who has just been hired to defend a new client. This client is on trial for drunk driving; after a holiday party, your client struck.
Facilitate interactions about diversity-inclusion : Consider the opportunity for civil discourse (the concept of being able listen for understanding) on diverse teams. From a leadership perspective
Find what was adjusted cost of goods sold : Find What was adjusted cost of goods sold? Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,000.
Use of marketing analytics in businesses : Please Explain the Following: Use of Marketing Analytics in Businesses.
What is Terry stock basis after the distribution : What is Terry's stock basis after the distribution? Would your answer be any different if X distributes to Terry, Terry's note to X for $200 borrowed from X
Briefly the legal right and privileges of common stockholder : Your employer, a midsized human resources management company, Describe briefly the legal rights and privileges of common stockholders.
How you would respond to the situation or evidence : Review the following situations and evidence. In a 2-page paper, explain how you would respond to the situation or evidence. In your paper.

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!

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