Prime Cost and Conversion Cost Benton Engineering Services Company incurred the following during 2016 Direct labor...
Prime Cost and Conversion Cost Benton Engineering Services Company incurred the following during 2016 Direct labor $23,500 Overhead 31,500 Selling expenses 28,000 Administrative expenses 25,500 Calculate prime cost and conversion cost for Benton Engineering Services Company during 2016. Prime cost: Answer Conversion cost: Answer
If you could please explain how you get the answer it would really help me 52-4A....
If you could please explain how you get the
answer it would really help me
52-4A. Prime Cost and Conversion Cost Piper Consulting Company incurred the following during 2019: LO2 SERVICE AND MERCHANDISING Somewort MBC Direct labor..... Overhead ...................... ............. Selling expenses ..... Administrative expenses..................... $ 45,000 90,000 40,000 100,000 Calculate prime cost and conversion cost for Piper Consulting Company...
O’Reilly Manufacturing Co.’s cost of goods sold for the month ended July 31 was $345,000. The...
O’Reilly Manufacturing Co.’s cost of goods sold for the month
ended July 31 was $345,000. The ending work in process inventory
was 90% of the beginning work in process inventory. Factory
overhead was 50% of the direct labor cost. No indirect materials
were used during the period. Other information pertaining to
O’Reilly’s inventories and production for July is as follows:...
PLEASE ANSWER ASAP!!!! THANKS!!! Scoring: Your score will be based on the number of correct matches....
PLEASE ANSWER ASAP!!!! THANKS!!!
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. The following are some of the costs incurred by Cupcake Company. Identify them as either: Clear All Both prime and conversion cost Cupcake mix Sorinkles for decoration (indirect Neither prime nor conversion Baker's wages Conversion...
Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood,...
Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $24,000 were put into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $52,000. By the end of the week, the company had manufactured 4,400 hockey sticks. 1. Calculate...
Service Company - Bill Johnson owns and operates three Frazer Speedo outlets in Wichita, Kansas. Frazer...
Service Company - Bill Johnson owns and operates three Frazer Speedo outlets in Wichita, Kansas. Frazer Speedo is an oil and lubrication service outlet – one of many outlets popular throughout the Midwest. The Frazer Speedo outlets also change transmission and power steering fluids. In May, purchases of materials equaled $80,000, the beginning inventory of materials was $47,300, and the...
Accountig Cost 1- La compañía H20 proveyó la siguiente información para diciembre del 2019. $57,900 307,400...
Accountig Cost
1- La compañía H20 proveyó la siguiente información para diciembre del 2019. $57,900 307,400 Work-in-process inventory, 12/31 Finished goods inventory, 1/1 Direct labor costs incurred Manufacturing overhead costs Direct materials inventory, 1/1 Finished goods inventory, 12/31 1,004,300 2,693,400 250,800 511,000 1,750,200 101,000 169,400 Direct materials purchased Work-in-process inventory, 1/1 Direct materials inventory, 12/31 Required: (a) Compute the total...
Required Information [The following information applies to the questions displayed below) Marco Polo Map Company's cost...
Required Information [The following information applies to the questions displayed below) Marco Polo Map Company's cost of goods sold for March was $344,000. March 31 work-in-process Inventory was 90 percent of March 1 work-in-process Inventory. Manufacturing overhead applied was 50 percent of direct-labor cost. Other Information pertaining to the company's Inventories and production for the month of March is as...
Exercise A: Product Costs, Period Costs, Prime Costs and Conversion Costs The following costs were taken...
Exercise A: Product Costs, Period Costs, Prime Costs and Conversion Costs The following costs were taken from the Kelly's Company. You are being asked to calculate the product costs, period costs, prime costs, and conversion costs. Cost incurred: I Selling expenses $40,000 Direct labor $100,000 Factory insurance $15,000 Factory depreciation $20,000 Indirect labor $35,000 Direct material $145,000 Administrative expenses $35,000...
ACCT 301 Week 6 HW Exercise 4 Process cost system Step #1 Physical flow begin WIP...
ACCT 301 Week 6 HW Exercise 4 Process cost system Step #1 Physical flow begin WIP Started Transferred out End WIP 2000 4000 4000 The Finishing Department of Cosette Company has the following production and cost data for July 1 Beginning Inventory 4000 units 2 Transferred out, 4,000 units. Beginning 4000 units (a) Equivalent Units Physical Units Materials Conversion Costs...
If you could please explain how you get the
answer it would really help me
52-4A. Prime Cost and Conversion Cost Piper Consulting Company incurred the following during 2019: LO2 SERVICE AND MERCHANDISING Somewort MBC Direct labor..... Overhead ...................... ............. Selling expenses ..... Administrative expenses..................... $ 45,000 90,000 40,000 100,000 Calculate prime cost and conversion cost for Piper Consulting Company...
O’Reilly Manufacturing Co.’s cost of goods sold for the month
ended July 31 was $345,000. The ending work in process inventory
was 90% of the beginning work in process inventory. Factory
overhead was 50% of the direct labor cost. No indirect materials
were used during the period. Other information pertaining to
O’Reilly’s inventories and production for July is as follows:...
PLEASE ANSWER ASAP!!!! THANKS!!!
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. The following are some of the costs incurred by Cupcake Company. Identify them as either: Clear All Both prime and conversion cost Cupcake mix Sorinkles for decoration (indirect Neither prime nor conversion Baker's wages Conversion...
Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $24,000 were put into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $52,000. By the end of the week, the company had manufactured 4,400 hockey sticks. 1. Calculate...
Service Company - Bill Johnson owns and operates three Frazer Speedo outlets in Wichita, Kansas. Frazer Speedo is an oil and lubrication service outlet – one of many outlets popular throughout the Midwest. The Frazer Speedo outlets also change transmission and power steering fluids. In May, purchases of materials equaled $80,000, the beginning inventory of materials was $47,300, and the...
Accountig Cost
1- La compañía H20 proveyó la siguiente información para diciembre del 2019. $57,900 307,400 Work-in-process inventory, 12/31 Finished goods inventory, 1/1 Direct labor costs incurred Manufacturing overhead costs Direct materials inventory, 1/1 Finished goods inventory, 12/31 1,004,300 2,693,400 250,800 511,000 1,750,200 101,000 169,400 Direct materials purchased Work-in-process inventory, 1/1 Direct materials inventory, 12/31 Required: (a) Compute the total...
Required Information [The following information applies to the questions displayed below) Marco Polo Map Company's cost of goods sold for March was $344,000. March 31 work-in-process Inventory was 90 percent of March 1 work-in-process Inventory. Manufacturing overhead applied was 50 percent of direct-labor cost. Other Information pertaining to the company's Inventories and production for the month of March is as...
Exercise A: Product Costs, Period Costs, Prime Costs and Conversion Costs The following costs were taken from the Kelly's Company. You are being asked to calculate the product costs, period costs, prime costs, and conversion costs. Cost incurred: I Selling expenses $40,000 Direct labor $100,000 Factory insurance $15,000 Factory depreciation $20,000 Indirect labor $35,000 Direct material $145,000 Administrative expenses $35,000...
ACCT 301 Week 6 HW Exercise 4 Process cost system Step #1 Physical flow begin WIP Started Transferred out End WIP 2000 4000 4000 The Finishing Department of Cosette Company has the following production and cost data for July 1 Beginning Inventory 4000 units 2 Transferred out, 4,000 units. Beginning 4000 units (a) Equivalent Units Physical Units Materials Conversion Costs...
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