Homework Answers
| Case 1 | ||
| Manufacturing overhead applied | 15000 | =10000*150% |
| Total current manufacturing costs | 36000 | =11000+10000+15000 |
| Cost of goods manufactured | 40000 | =8600+36000-4600 |
| Cost of goods sold | 34800 | =3700+40000-8900 |
| Case 2 | ||
| Direct materials used | 3333 | =25000-13000-8667 |
| Direct labor | 8667 | =13000/150% |
| Beginning work in Process inventory | 32900 | =48000+9900-25000 |
| Ending finished goods inventory | 20000 | =48000+12000-40000 |
| Case 3 | ||
| Direct labor | 9000 | =(32100-9600)/250% |
| Manufacturing overhead applied | 13500 | =9000*150% |
| Ending work in Process inventory | 14599 | =8500+32100-26001 |
| Beginning finished goods inventory | 19799 | =39000+6800-26001 |
For each of the following independent cases A-D, compute the missing values: (Enter all amounts as...
For each of the following independent cases A-D, compute the missing values: (Enter all amounts as positive values.) Cost of Goods Manufactured Total Current Case Manufacturing Costs $ 5,700 Beginning Work Ending Work in in Process Process Inventory Inventory $ 2,500 $ 950 1,330 1,600 2,610 615 1,560 8,250 1,1001 6,755
Calculate the missing items in the following. Enter all numbers as positive values. Sales Sales Returns...
Calculate the missing items in the following. Enter all numbers as positive values. Sales Sales Returns and Allowances Net Sales Beginning Merchandise Inventory Net Purchases Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Gross Profit a. $242,000 $6,000 $ $152,000 $170,000 $ $136,000 $186,000 $ b. 304,000 297,000 134,000 404,000 176,000 228,000 c. 10,000 628,000 416,000 486,000 89,000
Determine each of the following missing amounts: (Input all amounts as positive values) Determine each of...
Determine each of the following missing amounts: (Input all
amounts as positive values)
Determine each of the following missing amounts: (Input all amounts as positive values) Firm A Firm B Firm C Beginning raw materials inventory 17,000 50,400 86,400 271,200 Purchases of raw materials during the year Raw materials available for use 107,100 Ending raw materials inventory 12,000 61,200 Cost of raw materials used 90,000 90,900 130,000 381,600 Direct labor costs incurred 30,600 Variable manufacturing overhead applied 86,400 54,000 Fixed...
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending...
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending Inventory 575 100 Beginning Inventory 100 625 701 135 8701 825 690 1,125 70 735 165 190 800 815 270|
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending...
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending Inventory 425 100 to Beginning Inventory 75 650 130 710 740 90 925 1,275 95 780 165 170 785 775 270
Fill in the missing numbers for the following income statement. (Input all amounts as positive values.)...
Fill in the missing numbers for the following income statement. (Input all amounts as positive values.) Sales $ 675,900 Costs 430,800 Depreciation 103,400 EBIT $ Taxes (30%) Net income $ Calculate the OCF. OCF $ What is the depreciation tax shield? Depreciation tax shield $
Complete the following table: (Enter all values as positive values.) Production 150 110 900 700 NUMBER...
Complete the following table: (Enter all values as positive values.) Production 150 110 900 700 NUMBER OF UNITS Ending Beginning Sales Inventory Inventory 650 100 100 730 1,100 95 210 130 800 3151 950 690 800
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 2 Beginning raw materials Case 1 $ 5,800 54,000 600 1,900 10,350 1,300 3,850 14,700 32,000 54,000 Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 39,350 78,600...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold S 6,600 45,000 800 1,800 S 28,000107,000 11,850 2,700...
Enter aill amounts as positive numbers Enter your aners 640 971 Purchase discounts 51
Enter aill amounts as positive numbers Enter your aners 640 971 Purchase discounts 51
For each of the following independent cases A-D, compute the missing values: (Enter all amounts as positive values.) Cost of Goods Manufactured Total Current Case Manufacturing Costs $ 5,700 Beginning Work Ending Work in in Process Process Inventory Inventory $ 2,500 $ 950 1,330 1,600 2,610 615 1,560 8,250 1,1001 6,755
Determine each of the following missing amounts: (Input all
amounts as positive values)
Determine each of the following missing amounts: (Input all amounts as positive values) Firm A Firm B Firm C Beginning raw materials inventory 17,000 50,400 86,400 271,200 Purchases of raw materials during the year Raw materials available for use 107,100 Ending raw materials inventory 12,000 61,200 Cost of raw materials used 90,000 90,900 130,000 381,600 Direct labor costs incurred 30,600 Variable manufacturing overhead applied 86,400 54,000 Fixed...
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending Inventory 575 100 Beginning Inventory 100 625 701 135 8701 825 690 1,125 70 735 165 190 800 815 270|
Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Sales Ending Inventory 425 100 to Beginning Inventory 75 650 130 710 740 90 925 1,275 95 780 165 170 785 775 270
Complete the following table: (Enter all values as positive values.) Production 150 110 900 700 NUMBER OF UNITS Ending Beginning Sales Inventory Inventory 650 100 100 730 1,100 95 210 130 800 3151 950 690 800
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 2 Beginning raw materials Case 1 $ 5,800 54,000 600 1,900 10,350 1,300 3,850 14,700 32,000 54,000 Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold 39,350 78,600...
For each of the following independent cases (1-4), compute the missing values. (Enter all amounts as positive values.) Case 1 Case 2 Case 3 Case 4 Beginning raw materials Raw material purchases Indirect materials issued Ending raw materials Direct materials used Direct labor Manufacturing overhead Total current manufacturing costs Beginning work in process Ending work in process Cost of goods manufactured Beginning finished goods Ending finished goods Cost of goods sold S 6,600 45,000 800 1,800 S 28,000107,000 11,850 2,700...
Enter aill amounts as positive numbers Enter your aners 640 971 Purchase discounts 51
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