Entries by Grace Wahito

(TCO 1) Which of the following is a variable cost?-Interest paid on the headquarters office

(TCO 1) Which of the following is a variable cost?-Interest paid on the headquarters office building -Electricity used to run factory machinery -Advertising costs -Rent for the factory Flag this Question Question 67 pts (TCO 1) Which of the following is a not a conversion cost? -Depreciation on headquarters office equipment -Indirect labor costs -Electricity used to run […]

 

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I keep getting odd amounts, my calculation came out to $293,00 (TCO 1) On December 31, 2015,

I keep getting odd amounts, my calculation came out to $293,00(TCO 1) On December 31, 2015, ABC Inc. has a balance in the Finished Goods Inventory account of $20,000. On January 1, 2015, the balance in the Finished Goods Inventory account was $45,000. On December 31, 2015, the balance in the Work-in-Process inventory account is […]

 

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I really don’t understand how to calculate this: XYZ Company

I really don’t understand how to calculate this: XYZ Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the company made the following estimates for this year.  Direct labor costs                $15,000,000 Factory overhead costs       $18,500,000 Direct Labor Hours                   $500,000 Machine Hours                      $1,000,000 (a) What is the budgeted […]

 

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Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May.

(TCO 2) Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May. Inventories were as follows: Raw materials beginning $14,000; raw materials ending $10,000 Work-in-process beginning $24,000; work-in-process ending $36,000 Finished goods beginning $10,000; finished goods ending $25,000 Required: Calculate the cost of […]

 

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