Manufacturing cost data for Pena Company, which uses a job order cost system, are presented below. InstructionsIndicate
Question:
Manufacturing cost data for Pena Company, which uses a job order cost system, are presented below.
InstructionsIndicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is thesame.
Transcribed Image Text:
Case B Case C Case A Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Work in process 1/1/10 Total cost of work in process Work in process 12/31/10 Cost of goods manufactured $ (a) $ 63,150 (h) (i) 213,000 $ 83,000 42,500 155,650 (b) 201,500 (c) (d) (e) 15,500 (f) 11,800 (g) 18,000 (k) 222,000 192,300
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
a 50000 42500 155650 a 63150 155650 b 201500 b 45850 201...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Manufacturing cost data for Pena Company, which uses a job-order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...
-
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...
-
Manufacturing cost data for Sassafras Company, which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases...
-
How does the ERM system help with timely, effective, and democratic business decisions? A) Reporting to the presidents of each unit a faculty in a method that allows silo type decisions B) Board...
-
(a) What does it mean if an account is a contra asset account? (b) Explain how a contra asset account is used to determine the carrying amount of property, plant, and equipment.
-
List and Explain the Challenges of both Commercial & Developmental Financial Institutions ( Give examples of sceranio in developing countries in the Caribbean where these challenges are portrayed)
-
Identify three functions for an ATM system.
-
Macon Publishing House produces consumer magazines. The house and home division, which sells home-improvement and home-decorating magazines, has seen a 20% reduction in operating income over the past...
-
How do advances in digital communication technologies reshape the landscape of interpersonal relationships and social dynamics ?
-
4. Sleekfon and Sturdyfon are two major cell phone manufacturers that have recently merged. Their current market sizes are as shown in Table 5-9. All demand is in millions of units. Sleekfon has...
-
A job order cost sheet for Rolen Company is shown below. Instructions(a) On the basis of the foregoing data answer the following questions.(1) What was the balance in Work in Process Inventory on...
-
Renteria Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $305,000 for the year, and machine usage is estimated at 125,000...
-
What is the difference between a note payable and an account payable?
-
Kays Hardware Ltds budgeted monthly sales for January to June 2019 are given below. About 70% of the monthly sales are expected to be on credit. Approximately 60% of the credit sales are collected in...
-
The accountant for Schulz Ltd compiled the following figures in order to estimate budgeted cash payments for March and April 2019. Schulz Ltd uses the following assumptions when preparing budgets....
-
Overton Pty Ltd is a private company that runs a coffee shop. Its owner, Carl, is concerned that the cash flows for the past year have deteriorated and has provided the following abridged versions of...
-
The March 2019 bank statement of Tongs Toyworld has just been received from its bankers. The following information is available. 1. The March bank column totals of the cash receipts and cash payments...
-
Greenvale Ltd sold some property to Thornleigh Ltd for $1 000 000 cash in June 2020, recording a profit of $200 000. A further element of the sale was that Greenvale Ltd gave Thornleigh Ltd an option...
-
From the point of view of the borrowing business, loan capital tends to be cheap but risky. In what sense is it risky?
-
Kenneth Hubbard has prepared the following list of statements about managerial accounting and financial accounting. 1. Financial accounting focuses on providing information to internal users. 2....
-
The fact that electrified atoms emit only certain colors of light in sharp lines, with not all colors blended together, tells us what about an atom?
-
Purpose: Use the Internet to view SEC filings. Steps 1. Type in a company name. 2. Choose Profile. 3. Choose SEC Filings. (This will take you to Yahoo-Edgar Online.) Instructions Answer the following...
-
Purpose: Use the Internet to view SEC filings. Steps 1. Type in a company name. 2. Choose Profile. 3. Choose SEC Filings. (This will take you to Yahoo-Edgar Online.) Instructions Answer the following...
-
Purpose: Use the Internet to view SEC filings. Steps 1. Type in a company name. 2. Choose Profile. 3. Choose SEC Filings. (This will take you to Yahoo-Edgar Online.) Instructions Answer the following...
-
1) Pretend that you work in a hospital. Its not really possible to have an MVP for something like surgery. For example, you cant complete half a surgery, check for market feedback, then go back and...
-
Many Geotechnical engineering projects require knowledge of the shear strength of soils. What is the purpose and goal of the direct shear test ?
-
a) A person has set out to deposit $750 per month for 5 years (60 months) into a bank account that pays 1.75% per month interest at the end of each month. What will be the accumulated amount at the...
Study smarter with the SolutionInn App