FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Transcribed Image Text:all 70%
4G+
11:54
X Company reported total manufacturing
costs of $300,000, manufacturing
overhead totaling $52,000, and direct
materials totaling $64,000. How much was
the wages of the assembly line workers? *
$116,000
$416,000
$184,000
None of the above
Which one of the following does not appear
on the balance sheet of a manufacturing
company? *
Finished goods inventory
Work in process inventory
Cost of goods manufactured
Raw materials inventory
None of the above
Transcribed Image Text:all 70%
4G+
11:55
docs.google.com/forms/d/e/11
2
Cost of goods manufactured
Raw materials inventory
None of the above
X Company manufactures tables. The
following pertains to Job No.100: *
Direct materials used
$18,800
Direct labor hours worked
600
Direct labor rate per hour
$16
Machine hours used
400
Applied factory overhead rate per machine hour
$30
What is the total manufacturing cost for Job No.100?
$40,400
$43,200
$46,400
O None of the above
Managers at X company think machine
hours is the best activity base for
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- 16:28 Job order costing-activity 2.docx Activity 2-Job Order Costing 1. JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory Work in process inventory Finished goods inventory P320,000 400,000 350,000 During the month of June, the following were incurred Materials purchased P170,000 200,000 Materials used Direct labor 400.000 Factory Overhead After reviewing the quantities on hand, ending inventories were: Work in process inventory Finished goods inventory 210,000 280,000 430,000 What is the raw materials inventory as of June 30, 2020? 2. .JYD Manufacturing Company showed the following information as of June 1, 2020; Raw materials inventory Work in process inventory Finished goods inventory P320,000 400,000 350,000 During the month of June, the following were incurred Materials purchased P170,000 200,000 400.000 Materials used Direct labor Factory Overhead After reviewing the quantities on hand, ending inventories were: 210,000 Work in…arrow_forwardLise the cost information below for Sundar Company to determine the cost of goods manafactured during the current year Direct materials used Direct labor used 20,000 25,500 50,100 11,700 Factory overhead Work in process inventory, beginning Work in process inventory, ending 12,300 Multiple Choice $45.500 $95.000 $44.900 $95.600 $75,000arrow_forwardA9arrow_forward
- aj.3arrow_forwardKayak manufacturing accounting system uses direct labor solve this accounting questionsarrow_forwardNote: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory $ 6,200 $ 7,900 Work in process inventory 12,400 9,200 Finished goods inventory 8,900 5,700 Activity during current year Raw materials purchased $ 123,900 Direct labor 94,200 Factory overhead 39,600 QS 14-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $39,600 consists of Indirect labor of $20,200, Depreciation expense—Factory of $15,200, and Factory utilities of $4,200. Compute total manufacturing costs. Prepare a schedule of cost of goods manufactured. Do not give answer in imagearrow_forward
- 2. Brownstone Company's beginning and ending inventories for the month of October are Oct 31 P60,000 170,000 70,000 Direct Materials Work-in-process Oct 1 P67,000 145,000 85,000 Finished Goods Production data for the month of October are P220,000 145,200 179,300 4,400 2,200 Direct Labor Actual Factory overhead Direct Materials purchased Transportation in Purchase returns and allowances Brownstone uses one factory overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over or underapplied overhead until year-end. Determine Brownstone Company's net debit or credit to factory overhead control for the month of October.arrow_forward5arrow_forwardestions | bartleby G How many units must be in... My Home CengageNOWv2| Online te.. eВook During March, the following costs were charged to the manufacturing department: $13,520 for materials; $14,700 for labor; and $14,100 for manufacturing overhead. The records show that 31,400 units were completed and transferred, while 2,400 remained in ending inventory. There were 33,800 equivalent units of materíal and 32,360 of conversion costs. Using the weighted-average method, what is the cost of inventory transferred and the balance in work in process inventory? When required, round cost per unit to two decimal places and the final answers to the nearest dollar. Cost of inventory transferred $ %24 Balance in work in processarrow_forward
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