Rexford company manufactures finger splints for kids who

Assignment Help Accounting Basics

Reference no: EM13484251

Rexford Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.

	January 1	January 31
Finished goods	$126,000	$117,000
Work in process	233,000	251,000
Raw material	134,000	124,000

The following additional manufacturing data pertains to January operations.


Raw material purchased	$191,000
Direct labor	350,000
Actual manufacturing overhead	165,000
Actual selling and administrative expenses	115,000

Rexford Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.

Required: Compute the following amounts
1. The company's prime cost for January
2. The total manufacturing cost for January
3. The cost of goods nmanufactured for January
4. The cost of goods sold for January
5. The balane in the Manufacturing Overhead account on January 31. Debit or credit?

Reference no: EM13484251

Questions Cloud

The sampp 500 index is priced at 95046 the annualized : the sampp 500 index is priced at 950.46. the annualized dividend yield on the index is 1.40. what is the price of a

Haw inc plans to pay a 110 dividend per share in 3 months : haw inc. plans to pay a 1.10 dividend per share in 3 months and a 1.15 dividend in 6 months. haws share price today is

If a corporation issued 100000 shares of 1 par value in : 1. a fully depreciated asset a. must be removed from the booksb. should continue to be depreciated until it is disposed

Farmer jayne bought a 170-strike put option for 011 and : farmer jayne bought a 1.70-strike put option for 0.11 and sold a 1.75-strike call option for a premium of 0.14. both

Rexford company manufactures finger splints for kids who : rexford company manufactures finger splints for kids who get tendonitis from playing video games. the firm had the

Corn call options with a 170 strike price per bushel of : corn call options with a 1.70 strike price per bushel of corn are trading for a 0.15 premium. farmer jayne decides to

If the bonds yield to maturity remains constant then in : consider a bond with a 10 coupon and with yield to maturity 8. if the bonds yield to maturity remains constant then in

If after 6 months the homeowner experiences a casualty loss : the owner of a house worth 180000 purchases an insurance policy at the beginning of the year for a price of 1 000. the

Which security has a higher effective annual interest rate : which security has a higher effective annual interest rate?a.a three-month t-bill selling at 97645 with par value

User Account

All Pages