Entries by Munene david

Please see attached.

May 4, 2020 in /by

Please see attached.  ATTACHMENT PREVIEW Download attachment Screen Shot 2020-03-08 at 5.22.45 PM.png An entity has the following cost components for 150,000 units of product for the year: Direct Materials 325,000 Direct Labor 175,000 Manufacturing Overhead 225,000 Selling and Administrative expense 175,000 All costs are variable except for 75,000 of manufacturing overhead and 75,000 of selling […]

 

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Please see attached

May 4, 2020 in /by

Please see attached.  ATTACHMENT PREVIEW Download attachment Screen Shot 2020-03-08 at 5.23.25 PM.png A company recorded the following production costs during the previous two-week period: Week 1 Week 2 Direct labor costs 17,000 33,000 Other manufacturing costs 25,000 48.333 Units produced 3,000 7,000 Assuming both weeks fall in the same relevant range, what was the total […]

 

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A company produces a product that contains 12 ounces of materials

May 4, 2020 in /by

A company produces a product that contains 12 ounces of materials in each unit of finished goods. During the production process, 10% of the materials evaporate. The company pays its suppliers $3 per ounce; the cost to ship the material to the company averages $0.30 per ounce. The standard dollar amount of raw materials contained in […]

 

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A partial list shows that Charles Corporation’s adjusted trial balance

May 4, 2020 in /by

A partial list shows that Charles Corporation’s adjusted trial balance included the following items (all account balances are normal): Accounts payable $38,000, Accounts receivable $60,000, Capital stock $100,000, Cash $60,000, Dividends $10,000, Interest expense $4,000, Interest payable $3,500, Inventory $32,000, Prepaid expenses $5,400, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, […]

 

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