User Account

All Pages

What were total manufacturing overhead costs

Assignment Help Accounting Basics
Reference no: EM131560927

Question - Folklore Industries Ltd. manufactures old-fashioned pianos. During the month of February, there was a fire in the factory and warehouse, and some of Folklore's financial records were destroyed. The accountant was able to retrieve the following information:

  • Direct materials purchased during the month totalled $320,000.
  • According to a note left by warehouse staff, the amount of direct materials inventory at the warehouse just before the fire started had decreased by $3,000 from the inventory at the beginning of the month.
  • The payroll records showed direct labour cost for February was $575,000.
  • The total manufacturing costs for February were $1,588,000.
  • The ending work-in-process inventory was $150,000.

No other information was found. What were total manufacturing overhead costs for the month of February?

Reference no: EM131560927

Questions Cloud

Determine the interval where f is decreasing : Aircraft structural integrity among the important factors in determining the structural integrity of an aircraft is its age.
Market consensus value of the required return on stock : Which on of the following is a common term for the market consensus value of the required return on a stock?
What are permanent accountants : The balance sheet reports permanent accounts. What are permanent accountants? temporary accounts? contra accounts
Considering savings plan that calls for deposit : You are considering a savings plan that calls for a deposit of $15,000 at the end of each of the next five years.
What were total manufacturing overhead costs : Question - Folklore Industries Ltd. manufactures old-fashioned pianos. What were total manufacturing overhead costs for the month of February
Open markets and closed borders : What is "open markets and closed borders" as it pertains to smuggling, free trade, and border enforcement. Need Two paragraphs
Derive the demand curves for ggc : Derive the demand curves for GGC's product in each market. Derive GGC's marginal revenue (MR) and marginal cost (MC) curves in each market.
Discuss the boston marathon the graph of the function f : The boston marathon the graph of the function f shown in the accompanying figure gives the elevation of that part of the boston marathon course that includes.
Paper- state sales tax on merchandise sold over the internet : Write a two to four page paper, typed and double spaced. Suggested topics include: state sales tax on merchandise sold over the internet; research a company

Reviews

Write a Review

Accounting Basics Questions & Answers

  Partner d of the equal def partnership has a basis in her

partner d of the equal def partnership has a basis in her partnership interest of 7000. the partnership distributes

  General revenue from progam revenue

Distinguish general revenue from progam revenue. Provide several example of each.

  How the patient financial services personnel assist

Explain the difference between Charity Care and Bad Debt in a healthcare environment. Explain how the patient financial services personnel assist in determining which category the uncollectible account should be placed.

  A project has estimated annual cash flows of 90000 for

a project has estimated annual cash flows of 90000 for three years and is estimated to cost 250000. assume a minimum

  Design a performance evaluation report

Design a performance evaluation report for the purchasing department. Describe what each item in the report measures. Evaluate the performance of the purchasing department.

  Prepare flexible budgets that show variable costs per unit

tempo companys fixed budget for the first quarter of calendar year 2013 reveals the following.sales 16000

  What key points would you make

You have just begun a new position in the Public Relations Department of the RIAA. You have been asked to prepare a one page summary defending the organization position against music piracy. What key points would you make?

  Assume that alshare company uses a periodic inventory system

Assume that Alshare Company uses a periodic inventory system and has these account balances: Purchases $450,000; Purchase Returns and Allowances $11,000;

  Sanilac county has a lease on a lawn mower for 2500 per

sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel

  Determining the cash balance

At November 1, 2010, Myers Enterprises reported a cash balance of $60,000. During the month, Kern collected cash of $20,000 and made disbursements of $35,000. At September 31, 2010, what is the cash balance?

  Parent corporation acquired 75 percent of signature

parent corporation acquired 75 percent of signature companys voting stock on january 1 201x at underlying book value.

  How would you handle ownership of the assessment

Why are these elements critical to success? Which members of the organization should be involved in the development of the assessment? How would you handle ownership of the assessment?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd