Prepare a cost of goods manufactured schedule

Assignment Help Managerial Accounting
Reference no: EM132793191

Question - The following cost information is presented for Pickle Water Ltd. for the most recent period.

Cost of direct material used in manufacturing $74,600

Direct labour costs 31,200

Manufacturing overhead 9,500

Sales commissions at 8% of sales 30,600

Opening finished goods inventory 10,500

Opening work-in-process inventory 9,400

Ending finished goods inventory 13,300

Ending work-in-process inventory 10,600

Required - Prepare a cost of goods manufactured schedule (no heading required).

Reference no: EM132793191

Questions Cloud

Write a literature review paper on phonics : Write a Literature Review paper on Phonics using Harvard Referencing.
What is libscomb cash cycle : What is Libscomb's Cash Cycle (in days)? Libscomb Technologies' annual sales are $5,625,005 and all sales are made on credit, it purchases $4,249,451
Prepare the entries in the books of hat acquisition of bonds : Hat Company acquired $100,000 face value 8% bonds of Large Mouth Corporation to yield 6%. Prepare the entries in the books of Hat Acquisition of bonds
What is the net present value for miami beach : Miami Beach is assuming no tax consequences. What is the NET present value for Miami Beach if the required rate of return is 12%?
Prepare a cost of goods manufactured schedule : The following cost information is presented for Pickle Water Ltd. for the most recent period. Prepare a cost of goods manufactured schedule
What is the present value of the six receipts : Each January 1st for the next five years (2013 - 2017). What is the present value of the six $8,000 receipts, assuming a 12% interest rate?
What were the weighted-average accumulated expenditures : Indian River Groves borrowed P 1,100,000 on a construction loan at 12% interest on January 2, 2020. What were the weighted-average accumulated expenditures
What percentage of the total voting rights do hold : Class A shares and Class B shares, what percentage of the total voting rights do you hold? The percentage of the total voting rights that you hold is %.
What is the internal rate of return for blue corporation : Remaining life of ten years and no disposal value at the time of replacement. Net cash flows will be $60,000 per year. What is the internal rate of return?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute how much should perry contribute to the partnership

Compute How much should Perry contribute to the partnership? KATY, a sole proprietor wanted to expand her profitable business but she does not have enough

  Find what is the variable net income

What is the variable net income? The absorption net loss of ABC Company amounted to P338,000.00. The costs of manufacturing 70,000

  Write a summary of the dupont analysis

Explain what you think are the three most important financial ratios - Write a summary of the Dupont analysis.

  The following flowchart shows the august production

The following flowchart shows the August production activity of the Spalding Company.

  How much should expect your profits to change

If this legislation is passed, by how much should you expect your profits to change?You are the manager of a firm that competes against four other firms

  What predetermined overhead rate for fabrication department

If the direct method is used to allocate service department costs, the predetermined overhead rate for the Fabrication Department

  Find and select a public manufacturing company

Select a public (i.e. one that publishes its financial information) manufacturing company and become familiar with its products. Describe the company.

  Determine and create the income statement for the company

Determine and Create the income statement for the company. Round dollar values to the nearest dollar. Round percentages to the nearest tenth of a percent.

  Statement of cash flows - dutton company

Show how each item should be reported in the statement of cash flows. Use parentheses for deductions

  What the labor volume variance is

Firm P produced 45,000 cellphones using 9,000 hours of labor in 2004; total labor costs were $54,000. What the labor volume variance is

  Prepare a cost reconciliation report

Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process for the Etching Department in July.

  Prepare a report to comment on the suitability of the TDABC

You are required to prepare a report to comment on the suitability of the Time-Driven Activity-Based Costing for a company of your choice

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd