Homework Answers
Total Variable cost =Direct Materials used + Shipping + Sales commission + Direct labor
=500,000+ 20,000+30,000+ 800,000= 1,350,000
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Question 1 4 pts Marlys Manufacturing reported the following information for the year. Direct materials used...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting recor for 2020: $630,000 Sales revenue Direct materials purchased .... Depreciation, factory equipment ...... Prime costs ....... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ....... Depreciation, office equipment Rent, factory building Direct Labor...
Question 8 XYZ Company recorded the following information related to their inventory accounts for 2020: Direct...
Question 8 XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 O 90 The following information was taken from XYZ for 2020: $630,000 Sales revenue .... Direct materials purchased .. Depreciation, factory equipment Prime costs ...... Utilities (60% for factory; 40% for office building) .. Sales commissions Indirect materials .. Depreciation, office equipment .. Rent, factory building...
Wachowski Company reported the following cost data for the year 2017. Factory maintenance costs $90,000 Direct...
Wachowski Company reported the following cost data for the year 2017. Factory maintenance costs $90,000 Direct labor, wages 351,000 Direct labor, health insurance 31,000 Indirect labor, health insurance 16,000 Health insurance for production supervisor 6,500 Administrative costs 55,000 Rental of office space for administrative staff 17,500 Sales commissions 52,500 Direct material 1,240,000 Indirect materials 633,000 Advertising expense 39,000 Depreciation on factory building 63,000 Indirect labor, wages 80,000 Production supervisor's salary 31,000 Use the above cost data to complete the table...
Wachowski Company reported the following cost data for the year 2017. Factory maintenance costs $90,000 Direct...
Wachowski Company reported the following cost data for the year 2017. Factory maintenance costs $90,000 Direct labor, wages 353,000 Direct labor, health insurance 33,000 Indirect labor, health insurance 16,000 Health insurance for production supervisor Administrative costs Rental of office space for administrative staff Sales commissions Direct material 6,500 54,000 18,500 53,000 1,240,000 632,000 39,000 62,000 70,000 32,000 Indirect materials Advertising expense Depreciation on factory building Indirect labor, wages Production supervisor's salary Use the above cost data to complete the table...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?
Question 8 4.5 pts XYZ Company recorded the following information related to their inventory accounts for...
Question 8 4.5 pts XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 37,000 38,000 22,000 December 31, 2020 Direct materials 50,000 41,000 34,000 Work in process Finished goods The following information was taken from XYZ Company's accounting records for 2020: Sales revenue $630,000 Direct materials purchased Depreciation, factory equipment Prime costs... Utilities (60% for factory; 40% for office building) ? 34,000 250,000 20,000 29,000 25,000 30,000 56,000 Sales commissions Indirect materials Depreciation,...
Question 8 4.5 pts XYZ Company recorded the following information related to their inventory accounts for...
Question 8 4.5 pts XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,200 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting records for 2020: $630,000 Sales revenue ..... Direct materials purchased Depreciation, factory equipment Prime costs .... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ...... Depreciation, office equipment Rent, factory building...
Chaos Manufacturing had the following financial information for the year ended December 31 2018: Inventory Balances: ...
Chaos Manufacturing had the following financial information for the year ended December 31 2018: Inventory Balances: Beginning Ending Work in Progress $ 90,000 $ 80,000 Finished Goods $ 77,000 $ 67,000 Raw Materials $ 10,000 $ 10,000 During the year, the budgeted and actual costs were as follows: Note Budget Actual Raw Materials 1 300,000 290,000 Labour 2 540,000 518,000 Depreciation Factory Equipment 72,000 72,000 Depreciation Office...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 Direct materials 37,000 50,000 Work in process 38,000 41,000 Finished goods 22,000 34,000 The following information was taken from XYZ Company's accounting records for 2020: Sales revenue ........................................... $630,000 Direct materials purchased .............................. ? Depreciation, factory equipment ......................... 34,000 Prime costs ............................................. 250,000 Utilities (60% for factory; 40% for office building) .... 20,000 Sales commissions ....................................... 29,000 Indirect materials ...................................... 25,000...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020...
XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 December 31, 2020 Direct materials 37,000 50,000 Work in process 38,000 41,000 Finished goods 22,000 34,000 The following information was taken from XYZ Company's accounting records for 2020: Sales revenue ........................................... $630,000 Direct materials purchased .............................. ? Depreciation, factory equipment ......................... 34,000 Prime costs ............................................. 250,000 Utilities (60% for factory; 40% for office building) .... 20,000 Sales commissions ....................................... 29,000 Indirect materials ...................................... 25,000...
XYZ Company recorded the following information related to their invento гу accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting recor for 2020: $630,000 Sales revenue Direct materials purchased .... Depreciation, factory equipment ...... Prime costs ....... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ....... Depreciation, office equipment Rent, factory building Direct Labor...
Question 8 XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,000 38,000 22,000 December 31, 2020 50,000 41,000 34,000 O 90 The following information was taken from XYZ for 2020: $630,000 Sales revenue .... Direct materials purchased .. Depreciation, factory equipment Prime costs ...... Utilities (60% for factory; 40% for office building) .. Sales commissions Indirect materials .. Depreciation, office equipment .. Rent, factory building...
Wachowski Company reported the following cost data for the year 2017. Factory maintenance costs $90,000 Direct labor, wages 353,000 Direct labor, health insurance 33,000 Indirect labor, health insurance 16,000 Health insurance for production supervisor Administrative costs Rental of office space for administrative staff Sales commissions Direct material 6,500 54,000 18,500 53,000 1,240,000 632,000 39,000 62,000 70,000 32,000 Indirect materials Advertising expense Depreciation on factory building Indirect labor, wages Production supervisor's salary Use the above cost data to complete the table...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?
Question 8 4.5 pts XYZ Company recorded the following information related to their inventory accounts for 2020: January 1, 2020 37,000 38,000 22,000 December 31, 2020 Direct materials 50,000 41,000 34,000 Work in process Finished goods The following information was taken from XYZ Company's accounting records for 2020: Sales revenue $630,000 Direct materials purchased Depreciation, factory equipment Prime costs... Utilities (60% for factory; 40% for office building) ? 34,000 250,000 20,000 29,000 25,000 30,000 56,000 Sales commissions Indirect materials Depreciation,...
Question 8 4.5 pts XYZ Company recorded the following information related to their inventory accounts for 2020: Direct materials Work in process Finished goods January 1, 2020 37,200 38,000 22,000 December 31, 2020 50,000 41,000 34,000 The following information was taken from XYZ Company's accounting records for 2020: $630,000 Sales revenue ..... Direct materials purchased Depreciation, factory equipment Prime costs .... Utilities (60% for factory; 40% for office building) Sales commissions Indirect materials ...... Depreciation, office equipment Rent, factory building...
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