Reference no: EM13818977
Problem: Manufacturing Cost - Stoney Manufacturing
The following information pertains to Stoney Manufacturing for 20X6:Direct labour $ 30,000Sales 400,000Selling expenses 50,000Raw (Direct) materials on hand:January 18,000December 314,000General and administrative expenses 18,000Finished goods:January 125,000Work in process:January 119,000December 3118,000Direct material purchases 47,000Depreciation: factory 20,000Indirect labour 3,000Indirect materials used 7,000Marketing promotions 1,500Factory taxes 11,000Utilities 20,000Courier costs (office) 900Miscellaneous plant overhead 4,000Plant repairs and maintenance 9,000Customer service costs 3,000Fire insurance: factory equipment 3,000Materials handling costs 8,000Additional Information:a.
The gross profit margin is 73.25% b.
Depreciation is charged to production at 70%c.
Utilities are charged to production at 90%
Required:
1. Prepare a schedule of cost of goods manufactured for the year ended December 31.
2. Prepare a schedule of cost of goods sold.
3. Prepare an income statement for the year ended December 31.
|
Discuss how the data relates to the problems and challenges
: Discuss the data and information that you have collected while conducting research on your topic. Discuss how the data relates to the problems and challenges in crime and criminology.
|
|
Intervals for the mean amount of money
: A random sample of 100 students attending a concert spent an average of $142 on their tickets with a standard deviation of $47.50. Calculate the 90%, 95%, and 99% confidence intervals for the mean amount of money spent by all students attending the ..
|
|
Cost classification-behavior-sma
: Distinguish between direct labor and indirect labor. Explain why some nonproductive labor (e.g., coffee breaks, personal time) is treated asdirect labor while other nonproductive labor (e.g., downtime, training) is treated asindirect labor.
|
|
What consumer need is the advertiser trying to fulfill
: What type of person-social class, culture, lifestyle, values/beliefs-does it intend to target? What consumer need is the advertiser trying to fulfill
|
|
Manufacturing cost-stoney manufacturing
: The following information pertains to Stoney Manufacturing for 20X6:Direct labour $ 30,000Sales 400,000Selling expenses 50,000Raw (Direct) materials on hand:
|
|
Explain how journalistic ethics affects marketing
: Explain how journalistic ethics affects marketing public relations professionals. Explain why building relationships with journalists is beneficial to marketers. How does ethical behavior guide these relationships
|
|
Activity based costing-madcap manufacturing
: Mad Cap Manufacturing Co. produces 80 different types of hats and caps. Lately, sales and profits have been declining, although the overall market for hats and caps has actually been growing.
|
|
Review the definition of kantianism
: Review the definitions of Kantianism, Utilitarianism, Liberal Individualism, and Communitarianism. Describe a real-life example for each of them, from both personal and a career perspectives
|
|
Determining the announcement of the transaction
: Each share in Marketing Inc. was exchanged for half a share in FRC, Inc. Shares of FRC Inc., were trading at $100 per share at the date of the announcement of the transaction. Marketing Inc, had the following assets and liabilities that were assum..
|