The following T-accounts record the operations of Roddick Co.: Required a. Calculate the amount of direct materials
Question:
The following T-accounts record the operations of Roddick Co.:
Required
a. Calculate the amount of direct materials purchased during the period.
b. Calculate the direct materials used in production during the period.
c. Calculate the total manufacturing cost for the period.
d. Calculate the cost of goods manufactured for the period.
e. Calculate the cost of goods sold for theperiod.
Transcribed Image Text:
Direct Materials Work in Process Finished Goods Beginning Beginning Balance Direct Material Beginning Balance Balance 10,000 15,000 25,000 60,000 Direct Labor 48,000 Overhead 72,000 Ending Balance 12,000 Ending Balance 23,000 Ending Balance 16,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
Raw Materials Work in Process Finished Goods 10000 15000 25000 a 60000 DM b d ...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
CNT Ltd is a telecommunication company. In 2018, the company plans to expand its business into transport industry by adding a transport division. The new division will be financed in the same way as...
-
Which of the following inventory method assumed that cost should be charged against revenue in the order in which they were incurred..........
-
The following T accounts show transactions that were recorded by Housing Locators, a firm that specializes in local housing renting. The entries for the first transaction are labeled with the letter...
-
Evaluate the expression for the given value(s) of the variable(s). 4x - 7, x = 5/2
-
Suppose that one wishes to use reverse osmosis to reduce the salt content of brackish water containing 0.22 M total salt concentration to a value of 0.01 M, thus rendering it usable for human...
-
Suppose that X1,X2, . . . is a lognormal geometric random walk with parameters (, 2). More specifically, suppose that Xk = X0exp(r1 + +rk), where X0 is a fixed constant and r1, r2, . . . are...
-
Make a list of pieces of information a firm might want to know and consider whether it could buy the information and how reliable that information might be.
-
Use Worksheet 5.1. Damien Smart is trying to decide whether to lease or purchase a new car costing $18,000. If he leases, hell have to pay a $600 security deposit and monthly payments of $425 over...
-
The Blue Spruce Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Blue Spruce Corp. Trial Balance May 31, 2022 Account Number Debit Credit 101...
-
A horizontal circular plate weighing 62 lb is suspended as shown from three wires that are attached to a support D and that form 30° angles with the vertical. Determine the tension in each wire....
-
Aircraft Assemblies, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Scott Sykes, president of Aircraft Assemblies, Inc., has gathered the following...
-
Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rockets CFO, has presented you with the following cost information: Direct Materials Inventory, beginning.......
-
Verify that the formal charges on nitrogen in ammonium ion and boron in borohydride ion are as shown.
-
Is it possible to prepare the profit and loss account and the balance sheet from the incomplete book of accounts kept by a trader? Do you agree? Explain.
-
What do you understand by multi-valued attribute? How is it different from complex and composite attribute? Illustrate by giving suitable example.
-
What do you understand by relationship type? How is it different from relationship instance and relationship set?
-
Suppose that over a 30-year period Buskervilles price level increased from 72 to 138, while its real GDP rose from $1.2 trillion to $2.1 trillion. Did economic growth occur in Buskerville? If so, by...
-
What do you understand by the concept of weak entity used in data modelling? Explain the relevance of owner entity type, partial key and identifying relationship in the context of such modelling.
-
A single-step chemical reaction is catalyzed by the addition of an enzyme. Which of the reaction coordinate diagrams accurately shows the effect of the added enzyme (represented by the dashed line)...
-
The column shown in the figure is fixed at the base and free at the upper end. A compressive load P acts at the top of the column with an eccentricity e from the axis of the column. Beginning with...
-
At the beginning of July, Patti Dwyer established PD Company, investing \(\$ 20000\) cash in the business. On 5 July the company purchased land and a building, making a \(\$ 6000\) down payment...
-
What formula can be used to calculate the difference between income under variable costing and income under absorption costing?
-
Why are some raw materials costs and some labor costs treated as manufacturing overhead? What are those components of manufacturing overhead called?
-
How would an attorney use job order costing?
-
If someone were to throw an object vertically, and catch it as it returned back down, describe how the velocity vector of this object changes over this period?
-
Module 06 Course Project - Whistleblower Hotline Throughout the course, we have explored the legal and ethical factors that impact marketing decisions. Now, it's time to put that knowledge into...
-
How to create a class Vector that can be initialized with a list of numbers Implement a method to print a user-friendly string representation of the vector Overload the + operator to add two vectors...
Study smarter with the SolutionInn App