Please help answer question #3, #4 & #6
Homework Answers
3.
| Average cost | ||
| Direct labor | $ 17.34 | per unit |
| Insurance | $ 1.46 | per unit |
Direct labor = $242800/14000 = $17.34
Insurance = $20400/14000 = $1.46
4.
| Average cost per unit | Total cost | |
| Direct materials | $ 24.11 | $ 385,829 |
| Insurance | $ 1.28 | $ 20,400 |
Direct materials total cost = $337600 x 16000/14000 = $385829
Average cost = $337600/14000 = $24.11
Insurance = $20400/16000 = $1.28 per unit
6.
| Direct materials | $ 67,520 |
| Direct labor | $ 48,560 |
| Manufacturing overhead | $ 139,368 |
| Total | $ 255,448 |
Direct materials = $337600 x 4200/21000 = $67520
Direct labor = $242800 x 4200/21000 = $48560
Manufacturing overhead = $696840 x 4200/21000 = $139368
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Please help answer question #3, #4 & #6
The following information pertains to the most recent...
Please help me answer the question 3,4,6,and show the step The following information pertains to the...
Please help me answer the question 3,4,6,and show the
step
The following information pertains to the most recent quarter at Precious Production Limited Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 367,500 42,000 70,500 180,500 20,500 243,500 122,000 284,000...
The following information pertains to the most recent quarter at Precious Production Limited. Purchases of...
The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials $ 372,000 Raw materials inventory, beginning 43,200 Raw materials inventory, ending 72,000 Depreciation, factory 188,000 Insurance, factory 20,800 Direct labour 245,600 Maintenance, factory 123,200 Administrative expenses 286,400 Sales 1,992,000 Utilities, factory 112,000 Supplies, factory 4,080 Selling expenses 327,200 Indirect labour 265,600 Work in process inventory, beginning 28,400 Work in process inventory, ending 121,600 Finished goods inventory, beginning 41,200 Finished goods inventory, ending...
Please check my answers. Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour...
Please check my answers.
Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5] The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished...
Hi, Can I please have help with what I got wrong? Thank you! Various cost and...
Hi, Can I please have help with what I got wrong? Thank
you!
Various cost and sales data for Meriwell Company for the just completed year follow: Finished goods inventory, beginning Finished goods inventory, ending Depreciation, factory Administrative expenses Utilities, factory Maintenance, factory Supplies, factory Insurance, factory Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Direct labour Indirect labour Work-in-process inventory, beginning Work-in-process inventory, ending Sales Selling expenses $ 27,000 54,000 21,000 103,000 9,000 61,000 12,000...
2. Prepare an income statement. MERIWELL COMPANY Income Statement For the Year Just Completed Sales $...
2. Prepare an income statement. MERIWELL COMPANY Income Statement For the Year Just Completed Sales $ $ 575,000 $ CA Cost of goods sold: Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Deduct: Finished goods inventory, ending Gross margin Less operating expenses: Selling expenses Administrative expenses 35,000 375,100 410,100 (70,000) 340,100 (84,000) (122,000) (575,000) Sales 781,000 3. What was the average cost per unit for direct materials and factory depreciation? (R answers to 2 decimal...
PROBLEM 2–17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour [LO1, LO2, LO3, LO4,...
PROBLEM 2–17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour [LO1, LO2, LO3, LO4, LO5] eXcel The following information pertains to the most recent quarter at Precious Production Limited. $ 360,000 Purchases of raw materials Raw materials inventory, beginning. Raw materials inventory, ending.. Depreciation, factory. Insurance, factory Direct labour. Maintenance, factory. Administrative expenses 40.000 68,000 168,000 20.000 240,000 120,000 280,000 1,800,000 108,000 Sales Utilities, factory Supplies, factory Selling expenses 4,000 320.000 260,000 28,000 Indirect labour. Work in process...
Please check my answers. Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour...
Please check my
answers.
Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5) Carlton Manufacturing Company provided the following details about operations in February: $ Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 169,000 40,900 35, 100 60,200 3,650 46,400 28,600 18,800 4,650 22,600 114,000 The company...
pter 2 Saved Help Save & Exit Check $ 13,000 140,000 153,000 8,000 Direct materials: Raw...
pter 2 Saved Help Save & Exit Check $ 13,000 140,000 153,000 8,000 Direct materials: Raw materials inventory, beginning Add: Purchases of raw materials Raw materials available for use Deduct: Raw materials inventory, ending Raw materials used in production Direct labour Manufacturing overhead: Depreciation, factory Insurance, factory Maintenance, factory $ 145,000 85,000 29,000 5,600 85,000 13,000 11,000 13,500 157.100 387,100 Supplies, factory Utilities, factory Indirect labour Total overhead costs Total manufacturing costs Add: Work in process inventory, beginning Total work...
Required information Use the following information for the Exercises below. The following selected account balances are...
Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,126,000 37,000 51,500 69,000 162,400 220,000 15,200...
Various cost and sales data for Meriwell Company for the just-completed year follow: Finished goods...
Various cost and sales data for Meriwell Company for the just-completed year follow: Finished goods inventory, beginning $ 25,000 Finished goods inventory, ending 50,000 Depreciation, factory 19,000 Administrative expenses 105,000 Utilities, factory 7,000 Maintenance, factory 55,000 Supplies, factory 12,000 Insurance, factory 3,600 Purchases of raw materials 130,000 Raw materials inventory, beginning 9,000 Raw materials inventory, ending 6,000 Direct labour 75,000 Indirect labour 18,000 Work-in-process inventory, beginning 22,000 Work-in-process inventory, ending 24,000 Sales 525,000 Selling expenses 74,000 Required: 1. Prepare...
Please help me answer the question 3,4,6,and show the
step
The following information pertains to the most recent quarter at Precious Production Limited Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 367,500 42,000 70,500 180,500 20,500 243,500 122,000 284,000...
Please check my answers.
Problem 2-17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5] The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished...
Hi, Can I please have help with what I got wrong? Thank
you!
Various cost and sales data for Meriwell Company for the just completed year follow: Finished goods inventory, beginning Finished goods inventory, ending Depreciation, factory Administrative expenses Utilities, factory Maintenance, factory Supplies, factory Insurance, factory Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Direct labour Indirect labour Work-in-process inventory, beginning Work-in-process inventory, ending Sales Selling expenses $ 27,000 54,000 21,000 103,000 9,000 61,000 12,000...
2. Prepare an income statement. MERIWELL COMPANY Income Statement For the Year Just Completed Sales $ $ 575,000 $ CA Cost of goods sold: Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Deduct: Finished goods inventory, ending Gross margin Less operating expenses: Selling expenses Administrative expenses 35,000 375,100 410,100 (70,000) 340,100 (84,000) (122,000) (575,000) Sales 781,000 3. What was the average cost per unit for direct materials and factory depreciation? (R answers to 2 decimal...
PROBLEM 2–17 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour [LO1, LO2, LO3, LO4, LO5] eXcel The following information pertains to the most recent quarter at Precious Production Limited. $ 360,000 Purchases of raw materials Raw materials inventory, beginning. Raw materials inventory, ending.. Depreciation, factory. Insurance, factory Direct labour. Maintenance, factory. Administrative expenses 40.000 68,000 168,000 20.000 240,000 120,000 280,000 1,800,000 108,000 Sales Utilities, factory Supplies, factory Selling expenses 4,000 320.000 260,000 28,000 Indirect labour. Work in process...
Please check my
answers.
Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour (LO1, LO2, LO3, LO4, LO5) Carlton Manufacturing Company provided the following details about operations in February: $ Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building 169,000 40,900 35, 100 60,200 3,650 46,400 28,600 18,800 4,650 22,600 114,000 The company...
pter 2 Saved Help Save & Exit Check $ 13,000 140,000 153,000 8,000 Direct materials: Raw materials inventory, beginning Add: Purchases of raw materials Raw materials available for use Deduct: Raw materials inventory, ending Raw materials used in production Direct labour Manufacturing overhead: Depreciation, factory Insurance, factory Maintenance, factory $ 145,000 85,000 29,000 5,600 85,000 13,000 11,000 13,500 157.100 387,100 Supplies, factory Utilities, factory Indirect labour Total overhead costs Total manufacturing costs Add: Work in process inventory, beginning Total work...
Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,126,000 37,000 51,500 69,000 162,400 220,000 15,200...
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