What amount was transferred to the finished goods

Assignment Help Accounting Basics
Reference no: EM13157386

During 2008, Lawson Manufacturing expected Job No. 26 to cost $600,000 of overhead, $1,000,000 of materials, and $400,000 in labor. Lawson applied overhead based on direct labor cost. Actual production required an overhead cost of $560,000, $1,100,000 in materials used, and $440,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?

Reference no: EM13157386

Questions Cloud

The considerations for the optimal chain length in glycogen : What are some of the considerations for the optimal chain length in glycogen? a) Optimal chain length is a compromise between number of available ends, and the need for debranching enzyme
State null and alternative hypotheses-mean attitude score : State the null and alternative hypotheses needed to attempt to establish that the advertisement increases the mean attitude score
Who is most likely to respond first : No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution to handling a crisis of epic proportion?
What would be effect of sequestration in neoclassica model : What would be the effect of sequestration in the neoclassical model? Show graphically and explain. Assume the economy starts at full employment.
What amount was transferred to the finished goods : Actual production required an overhead cost of $560,000, $1,100,000 in materials used, and $440,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?
Explain glycolysis and gluconeogenesis are reciprocally : Glycolysis and gluconeogenesis are reciprocally regulated at the steps that interconvert fructose-6-phosphate and fructose-1,6-bisphosphate.
Confident that mean yield using catalyst exceeds pounds : Based on this confidence interval, can we be 95% confident that the mean yield using catalyst XA-100 exceeds 750 pounds per hour? Why?
Asset placed on the lessee financials : Financial leases are considered to be the same as a purchase and therefore the asset is placed on the lessee's financials. Do you feel that it is proper treatment to consider the asset as the property of the lessee even though no title has passed ..
Calculate the temperature change in the water : Calculate the temperature change in the water upon complete melting of the ice. Hint: Determine how much heat is absorbed by the melting ice and then use q =mC Delta T to calculate the temperature change of the 304 g of water.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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