Entries by mary WAMBUGU

Billy Manufacturing had a Work in Process balance of $100,000 on January 1, 2018. The year end balance of Work in Process was $60,000 and the Cost of Goods Manufactured was $750,000

August 24, 2019 in /by

Billy Manufacturing had a Work in Process balance of $100,000 on January 1, 2018. The year end balance of Work in Process was $60,000 and the Cost of Goods Manufactured was $750,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2018. (Round dollar values & enter as whole dollars […]

 

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During FY 2018 May Manufacturing had total manufacturing costs are $412,000. Their cost of goods manufactured for the year was $443,000.

August 24, 2019 in /by

During FY 2018 May Manufacturing had total manufacturing costs are $412,000. Their cost of goods manufactured for the year was $443,000. The January 1, 2019 balance of Work-in-Process Inventory is $56,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)   […]

 

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During March 2019, NY Bay Corporation recorded $275,000 of costs related to factory overhead. Alpha’s overhead application rate is based on direct labor hours.

August 24, 2019 in /by

During March 2019, NY Bay Corporation recorded $275,000 of costs related to factory overhead. Alpha’s overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $299,000 would be incurred, and 5,700 direct labor hours would be worked. During March, 11,000 hours were actually worked. Use this information to determine the […]

 

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During March 2019, Antartica Corporation recorded $239,000 of costs related to factory overhead.

August 24, 2019 in /by

During March 2019, Antartica Corporation recorded $239,000 of costs related to factory overhead. Anartica overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $250,000 would be incurred, and 12,500 direct labor hours would be worked. During March, 12,900 hours were actually worked. Use this information to determine the amount […]

 

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