User Account

All Pages

How to create statement of cost of goods manufactured

Assignment Help Managerial Accounting
Reference no: EM132574988

The month was 3,400 hours at $8.75 per hour, Radio also incurred the following overhead costs:

utilities $5,870,

supervision $16,600;

indirect material, $6,750;

depreciation $6,200;

insurance $1,830;

miscellaneous $1,100

Beginning inventory accounts were as follows:

Material Inventory $48,600;

Work in Process Inventory $54,250; and

Finished Goods Inventory $38,500.

Ending inventory accounts were as follows:

Material Inventory $50,100;

Work In Progress Inventory $48,400; and

Finished Goods Inventory $37,450.

Question 1: From the information given, prepare statement of cost of goods manufactured.

Reference no: EM132574988

Questions Cloud

What way would investors have been harmed : If Allen had attracted enough equity capital, do you think he would have been able to conceal the scheme? what way would those investors have been harmed?
What would be the effect on quantity? demanded : If price rises by 1?%, what would be the effect on quantity? demanded? The quantity demanded will decrease by negative 3.7 percent.
Prepare the master budget for birkinsjaya sdn bhd : To prepare the master budget (sales budget up to budgeted Statement of Financial Position) for Birkinsjaya Sdn. Bhd. for July, August and September.
Discuss an organizations need for physical security : Discuss an organization's need for physical security. What methods, approaches, and models can be used by organizations when designing physical security needs
How to create statement of cost of goods manufactured : Prepare statement of cost of goods manufactured. The month was 3,400 hours at $8.75 per hour, Radio also incurred the following overhead costs.
Write a brief annotation of source : Describe the main ideas covered in the source as well as an evaluation by you for the source's usefulness for your project. Remember that an online source
Write brief methodology section for research paper : Write brief methodology section for research paper (Kindly check the thesis below). You can choose between Qualitative or Quantitative Methods.
How much would the managers suggested manipulation lower : By how much would the managers suggested manipulation lower the unit conversion costs? Maredo Leather Company manufactures top quality leather used by Roe
What are two ways that parental support benefits els : a. What are two ways that parental support benefits ELs?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the new standard cost per table

The company expects a 20% increase in the cost of oak and a 5% decrease in the cost of screws. What is the new standard cost per table

  Value of marketing to customers and consumers

Review the American Marketing Association's Statement of Ethics and the Code of Conduct for the European Marketing Confederation.

  What should be the average sales commission per unit

What should be the average sales commission per unit at a sales volume of 18,500 units? (Assume that this sales volume is within the relevant range.)

  What is the present value of the cash flow

If the appropriate interest rate is 8 percent, what is the present value of the cash flow stream that the company is offering you? (Round answer to the nearest whole dollar, e.g. 5,275.)

  Determine break-even quantities for product line

Determine Break-even quantities for product line, Break-even quantities to earn $500,000 per year margin on the high-end line (at the current sales price)

  Determine what is the company cost of goods sold

What is the company's cost of goods sold for 2015? Assume that the only source of Account Payable is the purchase of inventory on credit.

  Analyse the cash flow statements

HI5001 Accounting for Business Decisions (T1, 2016). Review the statement of cash flows for the most recent year and indicate the following: Net cash inflow (outflow) from operating activities. Analyse the Cash Flow Statements for the last 2 years an..

  Craft company produces a single product

Craft Company produces a single product. Last year, the company had a net operating income of $80,000 using absorption costing and $74,500 using variable costing.

  What the warsaw company will need to borrow

Budgeted cash receipts for June are $160,000 and budgeted cash disbursements are $171,000. In July The Warsaw Company will need to borrow

  What the predetermined variable overhead rate is

Estimates annual variable overhead and annual fixed overhead to be $355,000 and $1,220,000, respectively. The predetermined variable overhead rate is

  How much is the standard cost of a tape dispenser

How much is the standard cost of a tape dispenser? Siggy Inc. budgeted 12,000 and produced 11,000 tape dispensers during June.

  How much need to increase sale if selling price per unit

30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant?

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