FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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At the beginning of the period, the Cutting Department budgeted direct labor of $137,000, direct materials of $151,000 and fixed factory
Round your final answer to the nearest dollar. Do not round interim calculations.
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- Rakesharrow_forwardAt the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials of $163,000 and fixed factory overhead of $14,000 for 8,000 hours of production. The department actually completed 10,200 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is Round your final answer to the nearest dollar. Do not round interim calculations. Oa. $385,025 Ob. $308,850 Oc. $388,875 Od. $305,000 ......arrow_forwardPlease help mearrow_forward
- Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 7,100 direct labor-hours will be required in August. The variable overhead rate is $1.90 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $100,370 per month, which includes depreciation of $8.980. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: Multiple Cholce $9.390 $104.880 $13,860 $13,490arrow_forwardQUESTION ONE The following trial balance was extracted from the books of Mkulima on 30 April 2017. All amounts are TRIAL BALANCE Details Sales Purchases Stock 1 May 2016 Carriage outwards Carriage Inwards Return Inwards Return outwards Salaries and wages Motor expenses Rent Sundry expenses Motor vehicles Fixture and fittings Debtors Creditors Cash at bank Cash in hand Drawings Capital Debit 11,570,000 3,776,000 326,000 234,000 440,000 2,447,000 664,000 576,000 1,202,000 3,400,000 600,000 4,577,000 3,876,000 120,000 2,050,000 35,858,000 Credit 18,614.000 Prepare his Income statement for the year ending 30 April 2017 Statement of financial position as at that date 355,000 3,045,000 13,844,000 35,858,000 Additional Information: Closing stock amounted to TZS 4,000,000. Depreciation is to be charged at rates of 10% on cost for Fixtures and Fittings and 25% on cost for Motor Vehicles. Bad debts of TZS 800,000 are to be written-off. REQUIRED: (0) (11)arrow_forwardAt the beginning of the period, the Cutting Department budgeted direct labor of $139,000, direct materials of $169,000 and fixed factory overhead of $13,400 for 7,400 hours of production. The department actually completed 11,300 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round hourly rates to two decimal places. Round interim calculations to two decimal places. Round your final answer to the nearest dollar. a.$490,786 b.$483,706 c.$321,400 d.$328,462arrow_forward
- what is the answers?arrow_forwardAt the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials of $163,000 and fixed factory overhead of $14,000 for 8,000 hours of production. The department actually completed 10,200 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is Round your final answer to the nearest dollar. Do not round interim calculations. Oa. $385,025 Ob. $308,850 Oc. $388,875 Od. $305,000 ......arrow_forward1.-At the beginning of the period, the Fabricating Department budgeted direct labor of $39,600 and equipment depreciation of $61,000 for 1,800 hours of production. The department actually completed 2,400 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.arrow_forward
- At the beginning of the period, the Fabricating Department budgeted direct labor of $123,500 and equipment depreciation of $34,000 for 6,500 hours of production. The department actually completed 8,600 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.$fill in the blank 1arrow_forwardCould you help me solve the question in the picture below?arrow_forward
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