A company is a manufacturer that completed numerous transactions during the month, some of which are...

  

 

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A company is a manufacturer that completed numerous transactions during the month, some of which are shown below a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month, $35,000 (80% related to factory equipment, and the remainder related to seli administrative equipment). c. Prepaid insurance expired during the month, $2,500 (75% related to production, and 25% reluted to selleg and ada d. Applied $119,000 of manufacturing overhead to production during the month e. Closed over- (or under-) applied overhead to cost of goods sold. Determine the net changes in the Retained Earnings account after recording the above transactions (All answers are whole numbers - unless specified otherwise. You should NOT include the $ sign or a comma Eg. 1000 for one thousand. Negative numbers should be added with a minus sign, e g.-1000 for a decrease or los of one the Net changes in Retained Earnings $ Sved For 2019, selected results for a company are shown below: Price per unit Net operating income Degree of operating leverage $ 16 $ 10.260 25 With no change in price or cost structure, the company expects the following for 2020 Sales Net operating income $ 183,600 $10.773 Given the information above, the number of units sold during 2019 must have been (All answers are whole numbers- unless specified otherwise. You should NOT include the $ sugn or ad 1000 for one thousand, Negative numbers should be added with a minus sign eg. 1000 for a decee Sales units in 2019 = In a job-order costing system, manufacturing overhead applied is recorded as a debit to Heip Save &Ea Multiple Choice decrease the degree of operating leverage. Finished Goods inventory. None of the above Cost of Goods Sold Winrk in Prnrace inuantnnr Neist > <Prev 10 o 26 A company is a manufacturer that completed numerous transactions during the month, some of which are shown below a. Manufacturing overhead costs incurred on account, $80,000. b. Depreciation was recorded for the month, $35,000 (80% related to factory equipment, and the remainder related to seli administrative equipment). c. Prepaid insurance expired during the month, $2,500 (75% related to production, and 25% reluted to selleg and ada d. Applied $119,000 of manufacturing overhead to production during the month e. Closed over- (or under-) applied overhead to cost of goods sold. Determine the net changes in the Retained Earnings account after recording the above transactions (All answers are whole numbers - unless specified otherwise. You should NOT include the $ sign or a comma Eg. 1000 for one thousand. Negative numbers should be added with a minus sign, e g.-1000 for a decrease or los of one the Net changes in Retained Earnings $ Sved For 2019, selected results for a company are shown below: Price per unit Net operating income Degree of operating leverage $ 16 $ 10.260 25 With no change in price or cost structure, the company expects the following for 2020 Sales Net operating income $ 183,600 $10.773 Given the information above, the number of units sold during 2019 must have been (All answers are whole numbers- unless specified otherwise. You should NOT include the $ sugn or ad 1000 for one thousand, Negative numbers should be added with a minus sign eg. 1000 for a decee Sales units in 2019 = In a job-order costing system, manufacturing overhead applied is recorded as a debit to Heip Save &Ea Multiple Choice decrease the degree of operating leverage. Finished Goods inventory. None of the above Cost of Goods Sold Winrk in Prnrace inuantnnr Neist > <Prev 10 o 26

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Statement of Changes in Retained Earnings Decrease In Retained earnings Depreciation Expen... View the full answer