Reference no: EM132532467
Question - Selected T-accounts of Moore Company are given below for the just completed year:
Raw Materials Bal. 1/117,000 Credits? Debits 124,000 Bal. 12/3127,000
Manufacturing Overhead Debits 229,800 Credits?
Work in Process Bal. 1/122,000 Credits 476,000 Direct materials 92,000 Direct labor 156,000 Overhead 241,800 Bal. 12/31?
Factory Wages Payable Debits 189,000 Bal. 1/110,000 Credits 184,000 Bal. 12/315,000
Finished Goods Bal. 1/142,000 Credits? Debits? Bal. 12/3163,000
Cost of Goods Sold Debits?
Required -
1. What was the cost of raw materials used in production during the year?
2. How much of the materials in (1) above consisted of indirect materials?
3. How much of the factory labor cost for the year consisted of indirect labor?
4. What was the cost of goods manufactured for the year?
5. What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer.
6. If overhead is applied to production on the basis of direct labor cost, what predetermined overhead rate was in effect during the year?
7. Was manufacturing overhead underapplied or overapplied? By how much?
8. Compute the ending balance in Work in Process. Assume that this balance consists entirely of goods started during the year. If $8,500 of this balance is direct labor cost, how much of it is direct materials cost? Applied overhead cost?
Identify the actus reus and the mens rea
: Identify the actus reus and the mens rea of each offense from the criminal code listed below
|
What is Hassocks labor efficiency variance for August
: Hassock produced 15,900 units and used 48,120 hours of direct labor at a total cost of $623,160. What is Hassock's labor efficiency variance for August
|
Analyze an issue related to the nursing care
: Using research and appraisal of existing evidence, analyze an issue related to the nursing care of the aging population and the promotion of their optimal.
|
Regripper and registry hives
: We looked at RegRipper and Registry Hives. Write a brief of a couple of paragraphs about each of these topics. What are they? What do they do or contain?
|
What was the unadjusted cost of goods sold for the year
: What was the unadjusted cost of goods sold for the year? Do not include any underapplied or overapplied overhead in your answer
|
Critically discuss whether a contract was formed
: Maya is a philanthropist. She is hosting a charity gala dinner. Her friend Wendy recently got married and Western Caterers (WC) catered the event.
|
Account for the cost of spare parts and for gasoline
: A bought a car from B, a dealer of cars, on the installment plan. After a while, A brought back the car to the shop B, saying he could not pay for it. B accepte
|
Prepare the journal entry to record the impairment
: Roland Company uses special strapping equipment in its packaging business. Prepare the journal entry (if any) to record the impairment at December 31, 2017
|
Obligation to pay the price extinguished
: Later, the vessel was destroyed by a fortuitous event. Is B?s obligation to pay the price extinguished?
|