Reference no: EM131204847
Preparation of schedule of cost of goods manufactured LO P2 Given the following selected account balances of Delray Mfg. Sales $ 1,168,000 Raw materials inventory, Dec. 31, 2014 42,000 Work in process inventory, Dec. 31, 2014 60,000 Finished goods inventory, Dec. 31, 2014 61,400 Raw materials purchases 150,200 Direct labor 231,000 Factory computer supplies used 19,300 Indirect labor 53,000 Repairs—Factory equipment 5,250 Rent cost of factory building 52,000 Advertising expense 110,000 General and administrative expenses 127,000 Raw materials inventory, Dec. 31, 2015 46,100 Work in process inventory, Dec. 31, 2015 43,200 Finished goods inventory, Dec. 31, 2015 69,400 Prepare its schedule of cost of goods manufactured for the year ended on December 31, 2015.
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Who works in a state with a credit reduction
: What would the FUTA & SUTA tax be for an employee whose year-to-date earnings prior to the current period are $12,400, who earns $1,500 during the current period, who works in a state with a credit reduction of 0.6%, and whose state imposes a SUTA ta..
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Prepare its schedule of cost of goods manufactured for year
: Preparation of schedule of cost of goods manufactured LO P2 Given the following selected account balances of Delray Mfg. Sales $ 1,250,000 Raw materials inventory, Dec. 31, 2014 37,000 Work in process inventory, Dec. 31, 2014 53,900 Finished goods in..
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Classify each of the costs as either product or period cost
: The following calendar year-end information is taken from the December 31, 2015, adjusted trial balance and other records of Leone Company. Classify each of the costs as either a product or period cost. Then, classify each of the product costs as eit..
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Prepare direct materials budget showing quantity of solvent
: Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. Prepare a direct m..
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Preparation of schedule of cost of goods manufactured
: Preparation of schedule of cost of goods manufactured LO P2 Given the following selected account balances of Delray Mfg. Sales $ 1,168,000 Raw materials inventory, Dec. 31, 2014 42,000 Work in process inventory, Dec. 31, 2014 60,000 Finished goods in..
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What is the budgeted production of the year
: Osprey Cycles, Inc. projected sales of 56,996 bicycles for the year. The estimated January 1 inventory is 5,585 units, and the desired December 31 inventory is 7,461 units. What is the budgeted production (in units) for the year? Favorable or Unfavor..
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Compute the total manufacturing cost
: Manufacturing cost flows LO C5 Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $ 35,200 Raw materials used in production 65,000 Direct labor used 16,400 Factory supervisor ..
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Determine capitalized cost of facilities improvement project
: University needs your help in doing some economic analysis for a facilities improvement project. The initial construction cost is $10,000,000. Routine maintenance cost is expected to be $200,000 per year. Determine the capitalized cost of this facili..
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Prepare monthly manufacturing overhead flexible budget
: Thome Company uses a flexible budget for manufacturing overhead based on direct labor hours. Prepare a monthly manufacturing overhead flexible budget for 2014 for the expected range of activity, using increments of 1,800 direct labor hours.
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