Homework Answers
1.
Manufacturing equipment depreciation = $1,500
Indirect materials used = $5,400
Indirect labor = $12,600
Factory repair and maintenance = $800
Total manufacturing overheads = Manufacturing equipment depreciation + Indirect materials used + Indirect labor + Factory repair and maintenance
= 1,500 + 5,400 + 12,600 + 800
= $20,300
Correct option is (c)
2.
Statement of cash flows (Partial)
|
Particulars |
$ |
$ |
|
Cash flow from Operating Activities |
||
|
Net income |
50,800 | |
|
Add: Adjustments to reconcile net income to net cash provided by operating activities |
||
|
Depreciation expense |
10,000 | |
|
Gain on sale of plant assets |
- 5,900 | |
|
Changes in current operating assets and liabilities: |
||
|
Current assets increase |
- 21,000 | |
|
Current liabilities decrease |
- 1,200 | |
|
Net cash provided by Operating Activities |
$32,700 |
Net cash provided by Operating Activities = $32,700
Correct option is (A)
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