help please

Mastery Problemi Introduction to Managerial Accounting Able Baker Charlie Company Carles Maxwell is starting a cheesecake bakery, Able Baker Care Company, to produce and sell different flavored cheesecakes to restaurants and the generate. He has at beguntestul of cours, and is a bit confused about the many types of reports he has read about and how they will help him runs business. He asks you to help him clarify what the offerences between counting and ccounting are. He's also wondering how to set up his inventory, how to classify the cost of his business, and how to fill in some missing information Managerial Vs. Financial Select whether the following characteristics are most often associated with managerial accounting or financial accounting Primary used for internal decision making Managerial Accounting Generally Accepted Accounting Principles (GAAP) must be used Financial Accounting Prepared statements usually pertain to the company as a whole rather than individual departments or products Financial Accounting Information provided wil often be subjective, such as estimated future results Managerial Accounting often prepared on an as needed basis rather than a fixed intervals Managerial Accounting Tada Che Wort Review the dance between manager and facial accing, and how each type of congue in the organ and former Cost Classification Charles has provided some of the costs he expects to incur as follows. Decide on the classifications that could be oplied to each of these costs using the table provided the wachtes the che (Select "Yes" or "Not from the below dropdowns.) Period Direct Product Direct Selling Administrative Direct Indirect Cost sending data to serve Check My Work 2 more Check My Work uses remaining Factory Save and te Submit Adige for Grading All work saved Assignment Score: 66.02% MacBook Air be 80 :9 888 & esc ** & % $ Cartes has provided some of the costs he expects to incur as follows. Decide on the classifications that could be led to each of these coussing the table provided. The cost je in eaches the che Select "Yes" or "No from the below dropdows) Product Cost Period Direct Direct Cost Factory Selling Administrative Cost Materials Direct Labor Trect Overhead Expense Expense f99s used Cost to make Yes No Yes No No No No cheesecakes Yes No Baker's Yes No No wages Yes No No No Yes NO Delivery driver NO Yes No Na No No No Yes X wages Depreciation of office NO Yes No No No No Yer X computers Yes No Yes Power to run the cheesecake Yes No NO No Yes Nov No Yes x Max ovens President's salary Yes No No No No No Yes No Yes X Sales commissions Factory supervisor salary sending dates Check My Work more Check My Work uses remaining Save and Submit Algement for All work saved Rulment Score: 66.02% MacBook Air Du DD ga 17 an 888 VE as follows. Decide on the classifications that could be applied to each of these costs using the table provided. The cost object in each case is the cheesecake Direct Materials Direct Labor Factory Overhead Selling Expense Administrative Expense Direct Cost Indirect Cout Cost Yes No No No No Yes No Yes NO No Yes No No Nov Yes Nov Yes No No No Yes No No Yes X No No No NO No No Yes No Yes X No NO No No Yes No No Yes x No X Na Yes No No No No Yes No Yes x NO No sending data to serve 2 more Check My Work uses remaining Save and call Sub Assigment for Grang All work saved 02 MacBook Att Financial Statements Charles found some sample income statements and want sets on the Internet, and asked which of them mit be most appropriate for manufacturing businesses. Review Income halance sheets and D. Determine which income statement and balance sheet would be most appropriate for a manufacturing business Able haker Care Company Income Statement A Sample Company A Income Statement For the Year Ended December 31, 2018 Sales $42,000 Finished goods inventory, January 1, 2018 55,250 Cost of goods manufactured 6,400 Cost of finished goods available for sale $11,650 Finished goods Inventory, December 31, 2048 (400) Cost of goods sold (11.250) Gross profit $30,750 Operating expenses Selling expenses $6,400 Administrative expenses 5,250 Total operating expenses (11,650) $19,100 Net Income Income Statement Sample Company Income Statement Bonding data to serve Check My Workmore Check My Woman Send Een Smart All Rd Assignment Score: 66.02% MacBook Air a to :8 SO . 6 esc + FF A - 23 # $ & 7 0 ? 6 8 Sample Company B Income Statement For the Year Ended December 31, 20Y8 Sales $42,000 $5,250 6,400 $11,650 (400) (11,250) $30,750 > $6,400 Beginning inventory Net purchases Inventory available for sale Ending Inventory Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Net Income Balance Sheet Sample Company C Balance Sheet December 31, 20Y8 Assets Cash 5,250 (11,650) $19,100 $20,800 Accounts receivable (net) Inventory Supplies 10,000 6,000 2.100 Check My Work 2 more Check My Work uses remaining. Assignment Score: 66.02% Chapter 15 Mastery Problem ance sheer Printem Sample Company Balance Sheet December 31, 2018 Assets $20,800 Cash Accounts receivable (net) Inventory Supplies 10,000 6,000 2,100 17,000 Land Total assets $55,900 Liabilities $17,800 $19,000 19,100 Accounts payable Stockholders' Equity Common stock Retained earnings Total stockholders equity Total abilities and stockholders' equity Balance Sheet Sample Company Balance Sheet December 31, 2018 Assets 38,100 $55.900 Cash $20,800 Check My Work 2 more Check My Work uses remaining Assignment Score: 06.02% All work saved MacBook Air esc FI SO 72 DOS GOS 15 ga 17 1 N # 3 $ 4 % A My Home Chapter 15 Mastery Problem Print item Sample Company D Balance Sheet December 31, 2018 Assets Cash $20,800 10,000 Accounts receivable (net) Inventory: Direct materials $2,500 1,500 2,000 Work in process Finished goods Total Inventory Supplies Land 6,000 2,100 17,000 Total assets $55,900 Liabilities $17,800 Accounts payable Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total labies and stockholders' equity $19,000 19,100 38,100 $55,900 Which income statement is most appropriate for a manufacturing business? Income statement A Check My Work 2 more Check My Works remaining Assignment Score: 66.02% All work saved MacBook Air F1 80 oon Income statement AV wich balance sheet is most appropriate for a man tacturing business? Balance sheet D Think about which would be in a rating and Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company Cranes shows you the data he's collected, but he was unable to fout ome of the amounts Review the fung data and in the missing amounts on the chart for Able Baker Charlie Company. Noter It may be to use as to map the tow of the amounts Trough the manufacturing accounts and we torte missing dollar values. It may also be helpful to review the steps for determining the cost of materials used to manufacturing cost incurred, and cost of goods manufactured Data for February Decrease in materials inventory $3,300 Materials inventory on Feb 28 50% of materials inventory on Jan. 31 Direct materials purchased $11,700 Direct materials used 3 times the direct labor incurred Total manufacturing costs incurred in period $28.000 Total manufacturing costs incurred in period 70% of cost of Goods Manufactured Total manufacturing costs incurred in period $9,000 less than Cost of Goods Sold Account balances Jan. 31 Feb. 28 Account Costs Incurred senting data to server Check My Work more Check My Work ses romaining Assignment Score: 66.02 All work saved Save and time for any MacBook Air bu 888 so 8: DD 39 VY CO w Chapter 16 Mastery Problem Pri tem det on the missing amounts on the chart AB Baker Care Company Note: It may be here counts to map of the amounts through the manufacturing and missing dollar values. It may also be helpful to review the steps for determining the cost of materials used total manufacturing cost incurred, and cont of good manufactured Data for February Decrease in materials inventory $3,300 Materials inventory on Feb. 28 50% of materials inventory on Jan. 31 Direct materials purchased $11,700 Direct materials used 3 times the direct wor incurred Total manufacturing costs incurred in period 5:28,000 Total manufacturing costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing costs incurred in period 59,000 less than Cost of Goods Sold Account Materiale Inventory Work in Process Inventory Account Balances Jan. 31 Feb. 20 Costs incurred 6,000 X 3,000 X Direct Materials Used 27.000 9.400 X Direct Labor incurred 11.200 X 17,000 Factory Overhead incurred Cost of Goods Sold 14,700 X 4,900 9,100 Finished Goods inventory 36,700 wy Se accounts for Motor Work in Prooshed Goods, and Cod of Goods Sold sending data to serve Check My Work more CheckMy Work Save and to get for Grade Al work waved Assignment Score 66.02% MacBook Air 88 DO SS so :: * 8 73 esc * & 6 @ %23 $ % $6,400 Beginning inventory Net purchases Inventory available for sale Ending Inventory Cost of goods sold Gross profit Operating expenses: Selling expenses Administrative expenses Total operating expenses Net Income Balance Sheet Sample Company C Balance Sheet December 31, 20Y8 Assets Cash 5,250 (11,650) $19,100 $20,800 Accounts receivable (net) Inventory Supplies 10,000 6,000 2.100 Check My Work 2 more Check My Work uses remaining. Assignment Score: 66.02% Chapter 15 Mastery Problem ance sheer Printem Sample Company Balance Sheet December 31, 2018 Assets $20,800 Cash Accounts receivable (net) Inventory Supplies 10,000 6,000 2,100 17,000 Land Total assets $55,900 Liabilities $17,800 $19,000 19,100 Accounts payable Stockholders' Equity Common stock Retained earnings Total stockholders equity Total abilities and stockholders' equity Balance Sheet Sample Company Balance Sheet December 31, 2018 Assets 38,100 $55.900 Cash $20,800 Check My Work 2 more Check My Work uses remaining Assignment Score: 06.02% All work saved MacBook Air esc FI SO 72 DOS GOS 15 ga 17 1 N # 3 $ 4 % A My Home Chapter 15 Mastery Problem Print item Sample Company D Balance Sheet December 31, 2018 Assets Cash $20,800 10,000 Accounts receivable (net) Inventory: Direct materials $2,500 1,500 2,000 Work in process Finished goods Total Inventory Supplies Land 6,000 2,100 17,000 Total assets $55,900 Liabilities $17,800 Accounts payable Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total labies and stockholders' equity $19,000 19,100 38,100 $55,900 Which income statement is most appropriate for a manufacturing business? Income statement A Check My Work 2 more Check My Works remaining Assignment Score: 66.02% All work saved MacBook Air F1 80 oon Income statement AV wich balance sheet is most appropriate for a man tacturing business? Balance sheet D Think about which would be in a rating and Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company Cranes shows you the data he's collected, but he was unable to fout ome of the amounts Review the fung data and in the missing amounts on the chart for Able Baker Charlie Company. Noter It may be to use as to map the tow of the amounts Trough the manufacturing accounts and we torte missing dollar values. It may also be helpful to review the steps for determining the cost of materials used to manufacturing cost incurred, and cost of goods manufactured Data for February Decrease in materials inventory $3,300 Materials inventory on Feb 28 50% of materials inventory on Jan. 31 Direct materials purchased $11,700 Direct materials used 3 times the direct labor incurred Total manufacturing costs incurred in period $28.000 Total manufacturing costs incurred in period 70% of cost of Goods Manufactured Total manufacturing costs incurred in period $9,000 less than Cost of Goods Sold Account balances Jan. 31 Feb. 28 Account Costs Incurred senting data to server Check My Work more Check My Work ses romaining Assignment Score: 66.02 All work saved Save and time for any MacBook Air bu 888 so 8: DD 39 VY CO w Chapter 16 Mastery Problem Pri tem det on the missing amounts on the chart AB Baker Care Company Note: It may be here counts to map of the amounts through the manufacturing and missing dollar values. It may also be helpful to review the steps for determining the cost of materials used total manufacturing cost incurred, and cont of good manufactured Data for February Decrease in materials inventory $3,300 Materials inventory on Feb. 28 50% of materials inventory on Jan. 31 Direct materials purchased $11,700 Direct materials used 3 times the direct wor incurred Total manufacturing costs incurred in period 5:28,000 Total manufacturing costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing costs incurred in period 59,000 less than Cost of Goods Sold Account Materiale Inventory Work in Process Inventory Account Balances Jan. 31 Feb. 20 Costs incurred 6,000 X 3,000 X Direct Materials Used 27.000 9.400 X Direct Labor incurred 11.200 X 17,000 Factory Overhead incurred Cost of Goods Sold 14,700 X 4,900 9,100 Finished Goods inventory 36,700 wy Se accounts for Motor Work in Prooshed Goods, and Cod of Goods Sold sending data to serve Check My Work more CheckMy Work Save and to get for Grade Al work waved Assignment Score 66.02% MacBook Air 88 DO SS so :: * 8 73 esc * & 6 @ %23 $ %