Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Raw Materials: Manufacturing OverheadBal 1/1: 36,000 Credits: ? Debits: 383,000 Credits: ?Debits: 470,000Bal: 12/3: 156,000
Work in Process:Bal 1/1: 73,000 Credits: 770,000 Factory Wages PayableDirect Materials: 327,000 Debits: 172,000 Bal 1/1: 16,000Direct Labor: 116,000 Credits: 180,000Overhead: 460,000 Bal 12/31: 24,000Bal: 12/31: ?
Finished Goods Cost of goods soldBal 1/1: 43,000 Credits: ? Debits: ?Debits: ?Bal 12/31: 138,000
1. What was the cost of raw materials put into 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 cost of goods sold for the year (before considering under applied or over applied overhead)?6. If overhead is applied to production on the basis of direct materials cost, what predetermined rate was in effect during the year?(round your answer to 2 decimal places)7. Was manufacturing overhead under applied or over applied? By how much? 8. Computer the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year. If $32,900 of this balance is direct materials cost, how much of it is direct labor cost? Manufacturing overhead cost? (Round your predetermined overhead rate percentage and final answer to 2 decimal places)
how do I apportion
First in First Out or FIFO FIFO method is based upon the assumption such stock purchased first is issued first. Prices of stock purchased first are employed to determine the v
In early July, Mike Gottfried purchased a $70 ticket to the December 15 game of the Chicago Titans. (The Titans belong to the Midwest Football League and play their games outdoors
10% of the finished castings were to be defective in manufacture and were rectified by expenditure of additional works overhead charges to the extent of 20% on the proportionate di
Q. Show the Profit volume charts? A variation of a break-even chart, representing graphically the relationship between profit &losses at different levels of sales volume achiev
High Bhd acquired shares in two other companies as follows: Additional information: i) Goodwill on acquisition of Swift was impaired by RM80,000 as
Variable Overhead Expenditure Variance Budget for December 2003; Shs. Fixed Overheads 11,480 Variable Ov
1. when using the internal rate of return method to evaluate capital spending on a new project, the project will be accepted if the internal rate of return is equal to or greater t
Long-Term Liabilities: These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such
what could it cost the fezas to launder?show your detailed culculation
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd