Managerial accounting problems.

Do Homework - Chapter 18 Assignment #2 (5 points) - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=590210375&questionld=1&flushed=false&cld=63984798centerwin=yes ACC 305 Spring 2021 MW Eliyah Atkins & | 01/31/21 7:25 PM Homework: Chapter 18 Assignment #2 (5 points) Save Score: 0 of 1 pt 4 1 of 11 (0 complete) HW Score: 0%, 0 of 11 pts TI18-3 (similar to) Question Help 12. QRS Manufacturing Company has the following data for 2019 (amounts in millions): (Click the icon to view the information.) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Begin by preparing the schedule of cost of goods manufactured. Data Table - X QRS Manufacturing Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 Direct Materials, January 1 $ 13 (in millions) Direct Materials, December 31 14 Work-in-Process Inventory, January 1 16 Direct Materials Used: Work-in-Process Inventory, December 31 12 Finished Goods Inventory, January 1 7 Finished Goods Inventory, December 31 15 Direct Materials Purchased, including Freight In 37 Direct Labor 38 Manufacturing Overhead 20 Choose from any list or enter any number in the input fields and then click Check Answer. ? 1 part Print Done remaining Clear All Type here to search O L 7:25 PM O 1/31/2021Do Homework - Chapter 18 Assignment #2 (5 points) - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=590210375&questionld=1&flushed=false&cld=63984798centerwin=yes ACC 305 Spring 2021 MW Eliyah Atkins & | 01/31/21 7:25 PM Homework: Chapter 18 Assignment #2 (5 points) Save Score: 0 of 1 pt 4 1 of 11 (0 complete) HW Score: 0%, 0 of 11 pts TI18-3 (similar to) Question Help 12. QRS Manufacturing Company has the following data for 2019 (amounts in millions): (Click the icon to view the information.) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Data Table -X Direct Materials, January 1 $ 13 Direct Materials Used Direct Materials, December 31 14 Work-in-Process Inventory, January 1 16 Work-in-Process Inventory, December 31 12 Total Manufacturing Costs Incurred during the Year Finished Goods Inventory, January 1 7 Total Manufacturing Costs to Account For Finished Goods Inventory, December 31 15 Direct Materials Purchased, including Freight In 37 Cost of Goods Manufactured Direct Labor 38 Manufacturing Overhead 20 Choose from any list or enter any number in the input fields and then click Check Answer. (? Print Done 1 part remaining Clear All Type here to search O L 7:25 PM O 1/31/2021Do Homework - Chapter 18 Assignment #2 (5 points) - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=590210375&questionld=1&flushed=false&cld=63984798centerwin=yes ACC 305 Spring 2021 MW Eliyah Atkins & | 01/31/21 7:25 PM Homework: Chapter 18 Assignment #2 (5 points) Save Score: 0 of 1 pt 2 of 11 (0 complete) HW Score: 0%, 0 of 11 pts CYU18-1 (similar to) Question Help Read the requirements. i Requirements - X Requirement 1. For a manufacturing company, identify the following as either a product cost or a period cost: a. Depreciation on plant equipment 1. For a manufacturing company, identify the following as either a product cost or a period cost: b. Depreciation on salespersons' automobiles a. Depreciation on plant equipment C. Insurance on plant building b. Depreciation on salespersons' automobiles d. Marketing manager's salary C. Insurance on plant building d. Marketing manager's salary e. Direct materials used f. Manufacturing overhead Electricity bill for human resources office h . Production employee wages 2. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used, $27,000; direct labor, $10,000; manufacturing overhead, $20,000; beginning Work-in-Process Inventory, $13,800; and ending Work-in-Process Inventory, $5,000 3. Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 1,400 units were manufactured. 4. Beginning Finished Goods Inventory had 125 units that had a unit cost of $45 each. Ending Finished Goods Inventory has 130 units left. Using the results Choose from any drop-down list and then click Check Answer. (? 4 parts Print Done Answer remaining 7:25 PM Type here to search O m L O 1/31/2021Do Homework - Chapter 18 Assignment #2 (5 points) - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=590210375&questionld=1&flushed=false&cld=63984798centerwin=yes ACC 305 Spring 2021 MW Eliyah Atkins & | 01/31/21 7:25 PM Homework: Chapter 18 Assignment #2 (5 points) Save Score: 0 of 1 pt 2 of 11 (0 complete) HW Score: 0%, 0 of 11 pts CYU18-1 (similar to) Question Help Read the requirements. i Requirements - Requirement 1. For a manufacturing company, identify the following as either a product cost or a period cost: a. Depreciation on plant equipment a. Depreciation on plant equipment b. Depreciation on salespersons' automobiles b. Depreciation on salespersons' automobiles C. Insurance on plant building C. Insurance on plant building d. Marketing manager's salary d. Marketing manager's salary e. Direct materials used f. Manufacturing overhead g. Electricity bill for human resources office h. Production employee wages 2. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used, $27,000; direct labor, $10,000; manufacturing overhead, $20,000; beginning Work-in-Process Inventory, $13,800; and ending Work-in-Process Inventory, $5,000. 3. Using the results from Requirement 2, calculate the cost per unit for goods manufactured assuming 1,400 units were manufactured. 4. Beginning Finished Goods Inventory had 125 units that had a unit cost of $45 each. Ending Finished Goods Inventory has 130 units left. Using the results from Requirement 3, calculate cost of goods sold assuming FIFO inventory costing is used. Choose from any drop-down list and then click Check Answer. (? 4 parts Print Done Answer remaining 7:25 PM Type here to search O m L O 1/31/2021