The Esquer mechanic shop incurred these costs below while manufacturing car products: Direct materials used: $117,200...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Esquer mechanic shop incurred these costs below while manufacturing car products: Direct materials used: $117,200 Factory supplies used: $14,500 Direct labor: $232,800 Advertising expense: $34,100 Depreciation on plants: $467,300 Property taxes on plant: $16,100 Property taxes on store: $6,346 Factory supplies uses: $36,300 Work in process inventory 1/1: $12,300 Work in process inventory 12/31: $16,400 What is the cost of goods manufactured? $_ The Esquer mechanic shop incurred these costs below while manufacturing car products: Direct materials used: $117,200 Factory supplies used: $14,500 Direct labor: $232,800 Advertising expense: $34,100 Depreciation on plants: $467,300 Property taxes on plant: $16,100 Property taxes on store: $6,346 Factory supplies uses: $36,300 Work in process inventory 1/1: $12,300 Work in process inventory 12/31: $16,400 What is the cost of goods manufactured? $_
Expert Answer:
Answer rating: 100% (QA)
To calculate the cost of goods manufactured we need to consider the direct materia... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Posted Date:
Students also viewed these accounting questions
-
Star Videos, Inc., produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of January 1 are given below. Because the videos differ in length and in...
-
Computing COGM and COGS Acronyms: The following cost information are gathered from Drusilla Inc. for the month ended June 30: BWIP Beginning Work-in-process inventory Costs of direct materials used...
-
Brooks Corporation uses a job-order costing system to apply manufacturing costs to jobs. The company closes its under applied or over applied overhead to cost of goods sold. Its balance sheet on...
-
Describe the process of testing software developed using both top-down and bottom-up development order. Which method results in the fewest resources required for testing? What types of errors are...
-
A plane monochromatic light wave with wavelength falls on the surface of a glass wedge whose faces form an angle a < < 1. The plane of incidence is perpendicular to the edge the angle of incidence is...
-
Compute the probability of winning the following types of bets: a. Betting on a color b. Betting on one of the dozen groups c. Betting on the range of numbers from 1 to 18 d. Betting on the range of...
-
This problem helps you develop skill in recording transactions by using a companys actual account titles. Refer to the Amazon.com financial statements in Appendix A. Assume that Amazon.com completed...
-
Kimble and Sanchez, CPAs, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been...
-
Delta Air Lines, Inc. (DAL) is considering offering commerdal travel to space within the next ten years. Use the following estimates to answer the questions below and help Delta determine whether...
-
R. C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical...
-
A firm sells three products. Product 1 : $ 6 1 sales price per unit; $ 4 4 variable cost per unit. Product 2 : $ 2 2 sales price per unit; $ 1 2 variable cost per unit. Product 3 : $ 1 0 7 sales...
-
A 10.5% coupon bond, semi-annual payments, ten years to maturity is callable in three years at a call price of $1,150. If the bond is selling today for $1120, what is the yield to call ?
-
If the taxpayer is a Filipino engineer and an employee of a domestic corporation in the Philippines. He is assigned to render services in USA. He will stay abroad for a maximum period of 15 months....
-
Assume that you can borrow and lend at a riskless rate of 3.6%. If you invest 60% un 30 IWM and 40% in the risk free asset. The mean of your portfolio is A 2.16% B 1.44% C 1.80% D None of the above...
-
2. Draw the UML class diagram relationships for the program. LAB 3.3: Composition PROGRAM 3 // Java program to illustrate the concept of Composition // Class 1 public public String author; //...
-
1. Sandusky Car Parts, Inc. offers a warranty program to authorized resellers of Sandusky car parts. Tommy Boy and his trusty sidekick devised a scheme to intentionally obtain replacement parts to...
-
The Golden Corral is a market style restaurant with six different food stations. Tom Davidson, the restaurants General Manager, has hired you to look at the current layout and find a better way to...
-
A city maintains a solid waste landfill that was 12 percent filled at the end of Year 1 and 26 percent filled at the end of Year 2. During those periods, the government estimated that total closure...
-
At the beginning of 2012, Lingua Company had 2,500 units of product in its work in process inventory, and it started 22,500 additional units of product during the year. At the end of the year, 6,000...
-
Ken Shilov, manager of the marketing department, tells you that budgeting simply does not work. He says that he made budgets for his employees and when he reprimanded them for failing to accomplish...
-
Lewis Company had 8,000 units of product in work in process inventory at the beginning of the period and started 16,000 units during the period. At the end of the period, 4,000 units remained in work...
-
Following is a probability density curve with the area between 0 and 1 and the area between 1 and 2 indicated. a. What proportion of the population is between 0 and 1? b. What is the probability that...
-
Use Table A.2 to find the area between z = 1.13 and z = 2.02. Z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 -0.8 -0.7 .2119 .2090 .2420 2389 -0.6 .2743 .2709 .2676 .2061 .2033 2358 .2327 .2643...
-
Use Table A.2 to find the area to the left of z = 0.25. Z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 -0.8 -0.7 .2119 .2090 .2420 2389 -0.6 .2743 .2709 .2676 .2061 .2033 2358 .2327 .2643 .2005...
Study smarter with the SolutionInn App