COMPUTE DIRECT LABOR BASED ON THE FOLLOWING: FACTORY
SUPERVISOR=$1,000
ASSEMBLY LINE WORKERS=$2,000 AND
OFFICE SALARIES=$5,000
COMPUTE...
COMPUTE DIRECT LABOR BASED ON THE FOLLOWING: FACTORY
SUPERVISOR=$1,000
ASSEMBLY LINE WORKERS=$2,000 AND
OFFICE SALARIES=$5,000
COMPUTE DIRECT MATERIALS USED BASED ON THE FOLLOWING:
BEG RM=$1,000
BEG WIP=$2,000
BEG FG=$3,000
END RM=$4,000
END WIP=$5,000
END FG=$6,000
RM PURCHASED=$7,000
COMPUTE COST OF GOODS MANUFACTURED BASED ON THE FOLLOWING:
DL=8,000
BEG WIP=2,000
BEG FG=3,000
MO=9,000
END WIP=5,000
END FG=6,000
DM USED =7,000
COMPUTE MANUFACTURING OVERHEAD:
FACTORY RENT=1,000
FACTORY UTILITIES=2,000
OFFICE DEPRECIATION=4,000
PREPARE THE JOURNAL ENTRY TO RECORD 5,000 RM PURCHASED ON
ACCOUNT
BASED...
The following information is available for Murray Manufacturing
at year-end:
Beginning raw materials inventory
6,000
Ending...
The following information is available for Murray Manufacturing
at year-end:
Beginning raw materials inventory
6,000
Ending raw materials inventory
$8,000
Materials purchased
13,000
Direct labour
4,000
Manufacturing overhead Applied
15,000
Beginning work in process inventory
8,000
Ending working in process inventory
5,000
What was the cost of goods manufactured during the period?
Select one:
a. $16,000
b. $35,000
c. $28,000
d. $33,000
COMPUTE DIRECT LABOR BASED ON THE FOLLOWING:
FACTORY SUPERVISOR=$1,000ASSEMBLY LINE WORKERS=$2,000 AND OFFICE
SALARIES=$5,000
COMPUTE DIRECT...
COMPUTE DIRECT LABOR BASED ON THE FOLLOWING:
FACTORY SUPERVISOR=$1,000ASSEMBLY LINE WORKERS=$2,000 AND OFFICE
SALARIES=$5,000
COMPUTE DIRECT MATERIALS USED BASED ON THE FOLLOWING:
BEG RM=$1,000BEG
WIP=$2,000BEG FG=$3,000
END RM=$4,000
END WIP=$5,000
END FG=$6,000
RM PURCHASED=$7,000
COMPUTE COST OF GOODS MANUFACTURED BASED ON THE FOLLOWING:
DL=8,000
BEG WIP=2,000
BEG FG=3,000
MO=9,000
END WIP=5,000
END FG=6,000
DM USED =7,000
COMPUTE MANUFACTURING OVERHEAD:
FACTORY RENT=1,000
FACTORY UTILITIES=2,000
OFFICE DEPRECIATION=4,000
PREPARE THE JOURNAL ENTRY TO RECORD 5,000 RM PURCHASED ON
ACCOUNT
BASED ON 8 ABOVE,...
The following selected account balances are provided for Delray
Mfg.
Sales
$
1,193,000
Raw materials inventory,...
The following selected account balances are provided for Delray
Mfg.
Sales
$
1,193,000
Raw materials inventory, beginning
45,000
Work in process inventory, beginning
51,700
Finished goods inventory, beginning
68,700
Raw materials purchases
160,000
Direct labor
241,000
Factory supplies used (indirect materials)
19,100
Indirect labor
40,000
Repairs—Factory equipment
5,250
Rent cost of factory building
57,000
Advertising expense
109,000
General and administrative expenses
126,000
Raw materials inventory, ending
42,900
Work in process inventory, ending
38,200
Finished goods inventory, ending
69,000
Prepare its...
The following selected account balances are provided for Delray
Mfg.
Sales
$
1,220,000
Raw materials inventory,...
The following selected account balances are provided for Delray
Mfg.
Sales
$
1,220,000
Raw materials inventory, beginning
41,000
Work in process inventory, beginning
57,800
Finished goods inventory, beginning
63,900
Raw materials purchases
199,900
Direct labor
232,000
Factory supplies used (indirect materials)
23,700
Indirect labor
48,000
Repairs—Factory equipment
5,250
Rent cost of factory building
54,000
Advertising expense
110,000
General and administrative expenses
140,000
Raw materials inventory, ending
40,000
Work in process inventory, ending
42,200
Finished goods inventory, ending
72,300
Prepare an...
1) he initial processing department had a beginning inventory of
750 units and an ending inventory...
1) he initial processing department had a beginning inventory of
750 units and an ending inventory of 1,350 units, and it started
9,500 units into production. How many were transferred out to the
next department?
A.750 B. 1,350 C. 8,900 D. 10,250
2) There were 1,000 units in ending inventory after transferring
16,000 units to finished goods inventory. If the beginning
inventory was 2,000 units, how many units were started in
process?
a. 1,000 b. 2,000 c. 15,000 d. 17,000...
The following selected account balances are provided for Delray
Mfg.
Sales
$
1,472,000
Raw materials inventory,...
The following selected account balances are provided for Delray
Mfg.
Sales
$
1,472,000
Raw materials inventory, beginning
36,000
Work in process inventory, beginning
57,200
Finished goods inventory, beginning
68,000
Raw materials purchases
176,300
Direct labor
238,000
Factory supplies used (indirect materials)
21,600
Indirect labor
55,000
Repairs—Factory equipment
5,250
Rent cost of factory building
53,000
Advertising expense
98,000
General and administrative expenses
140,000
Raw materials inventory, ending
48,000
Work in process inventory, ending
45,200
Finished goods inventory, ending
65,100
Prepare an...
The following data from the Oasis Corporation is
below:
Sales
$
640,000
Direct Labor Cost
90,000...
The following data from the Oasis Corporation is
below:
Sales
$
640,000
Direct Labor Cost
90,000
Raw Material Purchases
132,000
Manufacturing Overhead applied to WIP
210,000
Actual Manufacturing Overhead costs
220,000
Administrative Salaries
38,000
Depreciation Expense - Office
15,000
Marketing Expense
22,000
Rent Expense - Office
34,000
Sales Salaries
35,000
Sales Commissions
12,000
Direct Materials, beginning balance
8,000
Direct Materials, ending balance
10,000
Work in Process, beginning balance
5,000
Work in Process, ending balance
20,000
Finished Goods, beginning balance
70,000...
3. Bakerston Company is a manufacturing firm that uses job-order
costing. The company's inventory balances were...
3. Bakerston Company is a manufacturing firm that uses job-order
costing. The company's inventory balances were as follows at the
beginning and end of the year: The company applies overhead to jobs
using a predetermined overhead rate based on machine-hours. At the
beginning of the year, the company estimated that it would work
33,000 machine-hours and incur $231,000 in manufacturing overhead
cost. The following transactions were recorded for the year: raw
materials beginning balance $14,000 ending $22,000 WIP beginning
$27,000...
Question 1
Hendrix & Franks Co. had the following beginning and ending
inventory balances for the...
Question 1
Hendrix & Franks Co. had the following beginning and ending
inventory balances for the current year ended December
31:
January 1
December 31
Materials
$11,000
$ 8,800
Work in Process
19,800
18,700
Finished Goods
23,100
18,150
In addition, direct labor costs of $33,000 were incurred,
manufacturing overhead equaled $46,200, materials purchased were
$29,700, and selling and administrative costs were $24,200. Hendrix
& Franks Co. sold 27,500 units of product during the year at a
sales price...