Sheets & Homes Budget for Costs and Activities For the Year Ended February 28, 2017 Direct materials bedsheets Direct materials curtains Direct manufacturing labor bedsheets Direct manufacturing labor curtains Setup Shipping Design Plant utilities and administration Total 458,712 612,510 135,000 151,200 93,900 101,400 231,840 306,930 2,091,492

Sheets & Homes Budget for Costs and Activities For the Year Ended February 28, 2017 Direct materials bedsheets Direct materials curtains Direct manufacturing labor bedsheets Direct manufacturing labor curtains Setup Shipping Design Plant utilities and administration Total 458,712 612,510 135,000 151,200 93,900 101,400 231,840 306,930 2,091,492

Name: Classify each of the costs in table A into variable and fixed cost? Sh
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Description: Classify each of the costs in table A into variable and fixed cost? Sheets & HomesBudget for Costs and ActivitiesFor the Year Ended February 28,2017Direct materials bedsheetsDirect materials curtainsDirect manufacturing labor-bedsheetsDirect manufact

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.10E: Amounts for materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses...

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Snhu acc 202 Entries for factory costs and jobs completed
E COST ACCOUNTING AND CONT x + To * pook i forms.office.com/Pages/ResponsePage.aspx?id=cYWpTercOUIPsQvdXclp-WXyu19p0dpljDbGCXgjKqpUMKISRjcOSUUyWkgwUERKSzczT0tETUhGQi4u&fbclid. ☆ 49 Determine the costs of jobs completed in January. January 1, there were two jobs in process at the Fortune Manufacturing Company. Details of the jobs are: Job No. Direct Materials Direct Labor A-9 A-10 P 34,800 6,400 P12,800 16,800 Materials inventory at January 1 totaled P 184,000 and P 23,200 in materials were purchased during the month. A requisition for P16,00 in supplies was filled. On January 1, finished goods inventory consisted of two Jobs: Job No. A-7 costing P78,400 and Job No. 8 with a cost of P31,600. Both these Jobs were sold during the month. Also during January, Job Nos. A-9 and A-10 were completed. Completing Job No, A-9 required additional P13,600 in direct labor and P6,000 in direct materials. The completion costs for Job No. A-10 included P21,600 in direct materials and P 40,000 in direct…
Find: 1. Total Manufacturing Cost during the current year2. Cost of goods Manufactured during the current year 3. Over or Under applied Overhead