Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts? Banner, Inc.
Question:
Consider the following partially completed schedules of cost of goods manufactured. Compute the missing amounts?
Transcribed Image Text:
Banner, Inc. Larry's Bakery Sports Gear Beginning Work-in-Process Inventory (a) $ 40,800 $ 2,200 Direct Materials Used 14,400 35,900 (g) Direct Labor 10,300 20,100 1,900 Manufacturing Overhead (b) 10,000 900 Total Manufacturing Costs Incurred during the Year 45,200 (d) (h) Total Manufacturing Costs to Account for 55,400 (e) 8,300 Ending Work-in-Process Inventory (c) (25,500) (2,600) Cost of Goods Manufactured $ 50,500 (f) (i)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a Total Manufacturing Costs to Account For 55400 Total Manufacturing Costs Incurred during the Year ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: Jones, Inc. Corrigan, Inc. $ (d) Sales $ 99,000 Cost of Goods Sold: Beginning...
-
Consider the following partially completed income statement performance report for Gaje, Inc. Requirement 1. Complete the flexible budget variance analysis by filling in the blanks in the partial...
-
Consider the following partially completed income statements for merchandising companies and compute the missing amounts: Smith, Inc. Allen, Inc. $ 101,000 Net Sales Revenue (d) Cost of Goods Sold:...
-
Assuming that the Fed judges inflation to be the most significant problem in the economy and that it wishes to employ all of its policy instruments except interest on reserves, what should the Fed do...
-
Electronic flash units for cameras contain a capacitor for storing the energy used to produce the flash. In one such unit, the flash lasts for 675S with an average light power output of 2.70 X 105W....
-
Suppose that X1, . . . , Xn form a random sample from the Bernoulli distribution with parameter p. Let Xn be the sample average. Use the variance stabilizing transformation found in Exercise 5 of...
-
Prove that the LES filtering operation (11.67) is linear and commutes with space and time derivatives. For the space derivatives, consider two cases: a uniform and a nonuniform filter.
-
Managers of the Emerald Bay Furniture Company have gathered all of the capital investment proposals for the year, and they are ready to make their final selections. The following proposals and...
-
A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activities are shown in the following...
-
a. Calculate the profit maximizing quantity b. Calculate the profit maximizing price C. Calculate profits at the profit maximizing price and quantity d. Use the estimated demand function to calculate...
-
Marx and Tyler provides hair-cutting services in the local community. In February, the business cut the hair of 190 clients, earned $4,800 in revenues, and incurred the following operating costs:...
-
Wilson Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2018: Other information: Depreciation, plant building and equipment ......................... $...
-
Recently, the demand for DVD players has increased rapidly, while the demand for radios has hardly budged. Therefore, the fact that workers are better paid in the DVD player industry is not...
-
On January 1, 2023, Concord Corp. purchased at par 10% bonds with a maturity value of $283,000. They are dated January 1, 2023, and mature on January 1, 2028, with interest receivable on December 31...
-
The following information pertains to the April 2023 operating budget for Blu Corporation, a retailer Budgeted sales are $416,000 for April Cost of goods sold average 55% of sales Merchandise...
-
Based on this information, what is the firm's Operating Cash Conversion Cycle ( in days ) ? An analyst gathers the following data for a firm: Sales: $ 2 , 5 0 0 Cost of Goods Sold: $ 7 1 6 ...
-
4. The impeller of a centrifugal pump is of 300 mm diameter and 50 mm width at the periphery, and has blades whose tip angle incline backwards 60 from the radius. The pump delivers 17 m/min. of water...
-
Suppose a firm ha s 6 2 million shares of common stock outstanding and eight candidates are up foe election to six seats on the board of directors. a ) . If the firm uses cumulative voting to elect...
-
Jonas recently purchased a one-year membership at Gold's Gym. He can add a second year to the membership now for $1215, or wait 11 months and pay the regular single-year price of $1280. a. Which is...
-
ABC company leased new advanced computer equipment to STU Ltd on 1 January 2019.STULtd has to pay annual rental of $290,000 starting at 1 January 2019. It is a four years lease with ultimate rental...
-
Briefly describe the two major fields of accounting.
-
What is the role of the Financial Accounting Standards Board (FASB)?
-
A business purchases an acre of land for $ 5,000. The current market value is $ 5,550 and the land was assessed for property tax purposes at $ 5,250. What value should the land be recorded at, and...
-
According to the special provisions of Chapter 5, the buildings must be separated with a horizontal assembly having a minimum fire-resistance rating of ________
-
Vibration in a molecule / particle occurs along the _ _ _ _ direction / axis?
-
Forces are classified as vector quantities because they: Group of answer choices require both magnitude and direction to specify completely are specified completely by their magnitude are often very...
Study smarter with the SolutionInn App