Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the...
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Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (Assume the company started operations in January. If an input field is not used in the table leave the input field empty; do not enter a zero.) Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: January February March Total e 4 1 1 o 1 of comp 0 of culator Data table Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Print January February March $ 3,800 $ 3,500 $ 4,600 3,400 3,300 4,400 500 500 500 550 550 550 150 150 150 2,50 250 250 630 630 630 120 120 120 5,000 5,000 5,000 - - X Done le and administrati ch. Determine the the company sta enter a zero.) bruary March (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid w.. February-Direct material purchases paid in march Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: em 2 c 1 a 1 of 1 of 1 of 3 compl 0 of 1 Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid THAT Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Total cash payments Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilities Payable *** Total payments for direct labor Manufacturing Overhead: Depreciation Office salaries Property taxes on office Property taxes on plant Utilities for office Utilities for plant Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (Assume the company started operations in January. If an input field is not used in the table leave the input field empty; do not enter a zero.) Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: January February March Total e 4 1 1 o 1 of comp 0 of culator Data table Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Print January February March $ 3,800 $ 3,500 $ 4,600 3,400 3,300 4,400 500 500 500 550 550 550 150 150 150 2,50 250 250 630 630 630 120 120 120 5,000 5,000 5,000 - - X Done le and administrati ch. Determine the the company sta enter a zero.) bruary March (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid w.. February-Direct material purchases paid in march Total payments for direct materials Direct Labor: Total payments for direct labor Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: em 2 c 1 a 1 of 1 of 1 of 3 compl 0 of 1 Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid THAT Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Total cash payments Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilities Payable *** Total payments for direct labor Manufacturing Overhead: Depreciation Office salaries Property taxes on office Property taxes on plant Utilities for office Utilities for plant
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Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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