What are the correct amounts for direct labor

Assignment Help Cost Accounting
Reference no: EM132715594

The following information is taken from the records of CL Company for last year:

Direct materials ....................................................................... $5,000

Manufacturing overhead............................................................ $6,000

Total manufacturing costs (product cost) ................................. $17,000

Beginning work in process inventory....................................... $1,000

Cost of finished goods .......................................................... $15,000

Problem 1: What are the correct amounts for direct labor and ending work in process inventory respectively?

Select one:

a. $12,000 - $2,000

b. $6,000 - $3,000

c. $6,000 - $1,000

d. $11,000 - $2,000

Reference no: EM132715594

Questions Cloud

How do find and calculate the cost of goods manufactured : Using the Manufacturing overhead,Manufacturing overhead data for February, calculate the cost of goods manufactured (cost of finished goods):
What was the cost of goods sold for the month : The beginning finished goods inventory was $11,000 and the ending finished goods inventory was $19,000. What was the cost of goods sold for the month?
How do compute the economic order quantity : Monthly usage is 1500 unit ordering cost are 15 per order and annual carrying cost is 40%. Compute the economic order quantity
What the gross profit that the company would disclose : Roberts, which began business at the start of current year, What the gross profit that the company would disclose on an absorption-costing income statement is
What are the correct amounts for direct labor : The records of CL Company for last year, What are the correct amounts for direct labor and ending work in process inventory respectively?
Find what is the estimated total cost in a month : Refer to the data for Noriel Company, using the high-low method, what is the estimated total cost in a month when 14,000 units are produced?
What average order size would advise the firm to make : The cost of making an order is £540 and each component held in stock for a year costs the firm £6. What average order size would you advise the firm to make?
Find the optimal order size for firm : This 'capacity' cost will be £15 per unit of G. Adapt the optimal order size formula to include this extra cost and then find the optimal order size for firm
Prepare balance sheet for bill corp at the end : Bill Corp., Prepare balance sheet for Bill Corp. at the end of 2019 and an income statement for the year ended December 31, 2019.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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