Homework Answers
Solution 1:
| Computation of production cost incurred in april and total cost assigned to each job | ||||
| Particulars | Job 306 | Job 307 | Job 308 | Total |
| From March: | ||||
| Direct material | $26,000.00 | $42,000.00 | $0.00 | $68,000.00 |
| Direct labor | $21,000.00 | $18,000.00 | $0.00 | $39,000.00 |
| Applied overhead (50% of direct labor) | $10,500.00 | $9,000.00 | $0.00 | $19,500.00 |
| Beginning Goods in Process | $57,500.00 | $69,000.00 | $0.00 | $1,26,500.00 |
| For April: | ||||
| Direct material | $1,36,000.00 | $2,00,000.00 | $1,05,000.00 | $4,41,000.00 |
| Direct labor | $1,04,000.00 | $1,55,000.00 | $1,04,000.00 | $3,63,000.00 |
| Applied overhead (50% of direct labor) | $52,000.00 | $77,500.00 | $52,000.00 | $1,81,500.00 |
| Total Cost added in April | $2,92,000.00 | $4,32,500.00 | $2,61,000.00 | $9,85,500.00 |
| Total Costs (April 30) | $3,49,500.00 | $5,01,500.00 | $2,61,000.00 | $11,12,000.00 |
| Status on April 30 | Finished (Sold) | Finished (Unsold) | In Process | |
| April 30 cost included in | Cost of goods sold | Finished goods inventory | Work In Process Inventory | |
Add Answer to:
Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials,...
1. Determine the total of each production cost incurred for April (direct labor direct materials, and...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
Problem 19-1A Part 1 Required: 1. Determine the tolal of each production cost incurred for April...
Problem 19-1A Part 1 Required: 1. Determine the tolal of each production cost incurred for April idirect laboI, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March $ 66,000 $ 26,000 Direct Materials $ 40,000 39,000 20,000 19,000 Direct Labor 10,000 19,500 Applied overhead 9,500 0 Beginning goods in process For April 132.000 220,000 452,000 100,000 Direct Materials 357,000 103,000...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $26,000; factory rent, $33,000; factory utilities, $19,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co's March 31 inventory of raw materials is $87.000. Raw materials purchases in April are...
Marcelino Co's March 31 inventory of raw materials is $87.000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $384.000. Overhead costs incurred in Aprilare: indirect materials, $58,000: Indirect labor, $23,000: factory rent, $40.000; factory utilities. $23,000, and factory equipment depreciation, $56.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is'sold for $685.000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job...
i need help with the total cost (april 30) Required information Problem 15-1A Production costs computed...
i need help with the total cost (april 30)
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $390,000. Overhead costs incurred in April are: indirect materials. $53,000. Indirect labor $28,000; factory rent, $30,000; factory utilities, $22,000and factory equipment...
Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are...
Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $19,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
4-a. Compute gross profit for April. . Show how to present the inventories on the April...
4-a. Compute gross profit for April. . Show how to present the
inventories on the April 30 balance sheet
Required information [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined...
3. Prepare a schedule of cost of goods manufactured Saved Required information [The following information applies...
3.
Prepare a schedule of cost of goods manufactured
Saved Required information [The following information applies to the questions displayed below.) Marcelino Cols March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385.000. Overhead costs incurred in April are: indirect materials, $55,000; Indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $29,000; factory rent, $38,000; factory utilities, $23,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
Problem 19-1A Part 1 Required: 1. Determine the tolal of each production cost incurred for April idirect laboI, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31). Job 306 Job 307 Job 308 April Total From March $ 66,000 $ 26,000 Direct Materials $ 40,000 39,000 20,000 19,000 Direct Labor 10,000 19,500 Applied overhead 9,500 0 Beginning goods in process For April 132.000 220,000 452,000 100,000 Direct Materials 357,000 103,000...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co's March 31 inventory of raw materials is $87.000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $384.000. Overhead costs incurred in Aprilare: indirect materials, $58,000: Indirect labor, $23,000: factory rent, $40.000; factory utilities. $23,000, and factory equipment depreciation, $56.000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is'sold for $685.000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job 307 Job...
i need help with the total cost (april 30)
Required information Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4 The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $390,000. Overhead costs incurred in April are: indirect materials. $53,000. Indirect labor $28,000; factory rent, $30,000; factory utilities, $22,000and factory equipment...
Marcelino Co's March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $388,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $28,000; factory rent, $31,000; factory utilities, $19,000; and factory equipment depreciation, $54,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $645,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
4-a. Compute gross profit for April. . Show how to present the
inventories on the April 30 balance sheet
Required information [The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined...
3.
Prepare a schedule of cost of goods manufactured
Saved Required information [The following information applies to the questions displayed below.) Marcelino Cols March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385.000. Overhead costs incurred in April are: indirect materials, $55,000; Indirect labor, $22,000; factory rent, $33,000; factory utilities, $23,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job...
Marcelino Co.'s March 31 inventory of raw materials is $89,000. Raw materials purchases in April are $560,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $56,000; indirect labor, $29,000; factory rent, $38,000; factory utilities, $23,000; and factory equipment depreciation, $52,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $695,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago