Complete cost of goods manufactured schedule. HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended
Fantastic news! We've Found the answer you've been seeking!
Question:
Complete cost of goods manufactured schedule.
Transcribed Image Text:
HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Nork in process (1/1) $213,14 Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 168,130 Total raw materials available for use Less: Raw materials inventory (12/31) 27,530 Direct materials used $183,200 Direct labor Manufacturing overhead Indirect labor 26,260 39,410 Factory depreciation Factory utilities 78,070 Total overhead 143,740 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 87,830 $541,930 Cost of goods manufactured HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Nork in process (1/1) $213,14 Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 168,130 Total raw materials available for use Less: Raw materials inventory (12/31) 27,530 Direct materials used $183,200 Direct labor Manufacturing overhead Indirect labor 26,260 39,410 Factory depreciation Factory utilities 78,070 Total overhead 143,740 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 87,830 $541,930 Cost of goods manufactured
Expert Answer:
Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
Students also viewed these accounting questions
-
An incomplete cost of goods manufactured schedule is presented below. Instructions Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured...
-
An incomplete cost of goods manufactured schedule is presented below. InstructionsComplete the cost of goods manufactured schedule for Cepeda Manufacturing Company. CEPEDA MANUFACTURING COMPANY Cost...
-
An incomplete cost of goods manufactured schedule is presented below. GARCIA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2011 Instructions Complete the...
-
Diagonalize the matrices, if possible. The eigenvalues are as follows: (11) = 1, 2, 3; (12) = 1, 4; (13) = 5, 1; (14) = 3, 4; (15) = 3, 1; (16) = 2, 1. 3 4 6 1
-
Re-examine the data presented in Exercise 7. Is there any data value that may possibly be an outlier? How would the results be affected if that value were excluded from the analysis? In general, can...
-
why stereotypes are problematic? Give examples
-
The 60-kg flowerpot is suspended from wires AB and BC which have diameters of 1.75 mm and 1.5 mm, respectively. If the wires have a failure normal stress of fail = 380 MPa, determine the factor of...
-
On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees earned $22,760 of office salaries and $65,840 of sales salaries....
-
Createe a qualitative and quantitative data analysis for Jeff Bezos Amazon be sure to include figures and outcomes....
-
The file AirportTraffic contains the number of total passengers and the annual rate of change in passenger traffic for 50 airports. a. Construct a 95% confidence interval estimate for the population...
-
In a dairy farm, 20 horses eat 40 bags of husk in 40 days. In how many days 10 horses will eat 30 bags of husks? a) 30 b) 60 c) 80 d) 100 None of these
-
You are working for a regional coffee chain, Al Bar. Currently, the company has 900 employees, but it is expanding. The CEO would like to be more systematic in the approach to hiring new baristas. Al...
-
Employee wellness programs have grown in popularity in recent years. One challenge is to determine which programs are most effective and most beneficial to specific employees. Johnson & Johnson takes...
-
In 2015, Dan Pricethe CEO of a small company called Gravity Payments, which offers credit card processingannounced that all employees annual pay would be raised to a minimum of $70,000 per year and...
-
A clear definition of what workers do on the job, and which employee traits are needed to do them, is central for effective HRM. Defining job behaviors and the needed employee characteristics is a...
-
You are working for a construction company specializing in interior and exterior painting of newly built homes. You are the sole safety officer in this small company of 50 employees. The company is...
-
A. Simplify the following functional expression using Boolean algebra and its identities. Then draw the logic diagram. 1. F(A, B, C) = AB+ A'C+BC three-bit parity 2. F(x, y, z) = xyz + (y + z) 3. 4....
-
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)
-
Complete ratio analysis, recognizing significant differences Home Health, Inc., has come to Jane Ross for a yearly financial checkup. As a first step, Jane has prepared a complete set of ratios for...
-
Creek Enterprises' 2014 operations follows: Using the firm's 2015 income statement presented in Problem 3-18, develop the 2015 common-size income statement and compare it with the 2014 statement....
-
During the 1990s, General Electric put together a long string of consecutive quarters in which the firm managed to meet or beat the earnings forecasts of Wall Street stock analysts. Some skeptics...
-
Donna Corporation manufactures custom cabinets for kitchens. It uses a normalcosting system with two direct-cost categoriesdirect materials and direct manufacturing laborand one indirect-cost pool,...
-
Donna Corporation manufactures custom cabinets for kitchens. It uses a normalcosting system with two direct-cost categoriesdirect materials and direct manufacturing laborand one indirect-cost pool,...
-
Donna Corporation manufactures custom cabinets for kitchens. It uses a normalcosting system with two direct-cost categoriesdirect materials and direct manufacturing laborand one indirect-cost pool,...
Study smarter with the SolutionInn App