Solution-Show computation of direct materials used in

Show computation of direct materials used in production

Assignment Help Managerial Accounting

Reference no: EM133109062

Question - The following cost and inventory data were taken from the records of the Beca Company for the year 2021:

Costs incurred:

Depreciation, factory equipment	30,000
Depreciation, office equipment	7,000
Indirect materials (comes from raw materials)	6,200
Maintenance, factory equipment	20,000
Utilities, factory	8,000
Sales commissions	30,000
Indirect labor	54,500
Rent, factory building	70,000
Purchases of raw materials (net)	124,000
Direct labor cost	86,000
Advertising expense	90,000
Sales	615,000

Inventories:

	January 1, 2021	December 31,2021
Raw Materials	10,200	11,500
Work in Process	9,900	21,000
Finished goods	49,000	24,000

Required -

(a) Show computation of direct materials used in production for 2021.

(b) Show the schedule and calculation of the cost of goods manufactured for 2021.

(d) Prepare an income statement for 2021.

Reference no: EM133109062

Questions Cloud

Explain the family and medical leave act : How much leave is entitled to under the Family and Medical Leave Act?

Determine the sbm net fixed asset investment : SBM Corp. had net fixed assets of $2,500,000 at the end of 2020 and $1,950,000 at the end of 2019. Determine the SBM net fixed asset investment

Explain the direct controls and indirect controls : Describe the differences between direct controls and indirect controls?

Briefly explain the hr strategy : Assume the company you work/or any other company wants to expand to a new country or to set up in a company

Show computation of direct materials used in production : The following cost and inventory data were taken from the records of the Beca Company for the year 2021: Show computation of direct materials used in production

Explain the positioning strategy process : Please explain the positioning strategy process briefly with references.

International human resource management : As an HR Manager, what changes do you think should be implemented to increase the productivity of your department?

Diseases of the nervous system and the body : Consider biomedical factors: Describe what it means to characterize the disorders as "diseases of the nervous system and the body."

Major professional roles played by physicians : You were asked to analyze the major professional roles played by physicians and nurses as they apply to physicians' conduct in the medical arena

User Account

All Pages

Show computation of direct materials used in production

Reference no: EM133109062

Reference no: EM133109062

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT