Manufacturing cost data for Pena Company, which uses a job order cost system, are presented below. InstructionsIndicate
Question:
Manufacturing cost data for Pena Company, which uses a job order cost system, are presented below.
InstructionsIndicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is thesame.
Transcribed Image Text:
Case B Case C Case A Direct materials used Direct labor Manufacturing overhead applied Total manufacturing costs Work in process 1/1/10 Total cost of work in process Work in process 12/31/10 Cost of goods manufactured $ (a) $ 63,150 (h) (i) 213,000 $ 83,000 42,500 155,650 (b) 201,500 (c) (d) (e) 15,500 (f) 11,800 (g) 18,000 (k) 222,000 192,300
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
a 50000 42500 155650 a 63150 155650 b 201500 b 45850 201...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
Manufacturing cost data for Pena Company, which uses a job-order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...
-
Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases manufacturing...
-
Manufacturing cost data for Sassafras Company, which uses a job order cost system, are presented below. Instructions Indicate the missing amount for each letter. Assume that in all cases...
-
How does the ERM system help with timely, effective, and democratic business decisions? A) Reporting to the presidents of each unit a faculty in a method that allows silo type decisions B) Board...
-
(a) What does it mean if an account is a contra asset account? (b) Explain how a contra asset account is used to determine the carrying amount of property, plant, and equipment.
-
In planning every audit, the auditors are required to consider materiality for audit purposes. Described below are financial statement data from two separate companies: a. Develop an estimate of the...
-
What type of qualitative and quantitative overload and underload were taking place in this case?
-
a. What are the arrival rate of 911 calls and the service rates for each precinct? b. Does the arrival rate of calls for each precinct appear to follow a Poisson distribution? c. Does the service...
-
Hagadorn Company has the following adjusted accounts and balances at year - end ( June 3 0 ) : Accounts payable$ 3 8 0 Income taxes payable$ 5 0 Accounts receivable 5 5 0 Interest expense 1 1 0...
-
The Google 10-K Form is reproduced online at www.wiley.com/college/pratt. REQUIRED: a. Review the Google SEC Form 10-K and analyze the financial statements by assessing Googles earning power and...
-
A job order cost sheet for Rolen Company is shown below. Instructions(a) On the basis of the foregoing data answer the following questions.(1) What was the balance in Work in Process Inventory on...
-
Renteria Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $305,000 for the year, and machine usage is estimated at 125,000...
-
All of the ideas that are suggested come from the development team and not from the client team. You have correctly concluded that the final product will not be as good as it could have been if the...
-
Mandalorian Manufacturing produce some of its products in processes. You have been provided with the following information: Transfer from Process 1 Material MM12 Direct Labour Direct Expenses Fixed...
-
A superhero launches himself from the top of a building with a velocity of 8.3 m/s [35 o Above horizontal]. If the building is 27 m high; a) How long is he in the air? b) How far will he travel...
-
What is mergers and acquisition? And why it is important for the business? Provide explanation.
-
During the current year, Yamazon decided to buy Whole Snacks for $10,000,000. The fair value of Whole Snacks are as follows: Fair value of assets: $12,685,721 Fair value of liabilities: $5,828,525...
-
Your parents have accumulated a $150,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to...
-
Give three performance statistics that the database administrator might collect to improve performance within a database environment.
-
Kenneth Hubbard has prepared the following list of statements about managerial accounting and financial accounting. 1. Financial accounting focuses on providing information to internal users. 2....
-
The fact that electrified atoms emit only certain colors of light in sharp lines, with not all colors blended together, tells us what about an atom?
-
Purpose: Use the Internet to view SEC filings. Steps 1. Type in a company name. 2. Choose Profile. 3. Choose SEC Filings. (This will take you to Yahoo-Edgar Online.) Instructions Answer the following...
-
Purpose: Use the Internet to view SEC filings. Steps 1. Type in a company name. 2. Choose Profile. 3. Choose SEC Filings. (This will take you to Yahoo-Edgar Online.) Instructions Answer the following...
-
Purpose: Use the Internet to view SEC filings. Steps 1. Type in a company name. 2. Choose Profile. 3. Choose SEC Filings. (This will take you to Yahoo-Edgar Online.) Instructions Answer the following...
-
At the beginning of the year, Vendors, Incorporated, had owners' equity of $ 4 9 , 2 6 5 . During the year, net income was $ 5 , 6 2 5 and the company paid dividends of $ 3 , 9 6 5 . The company also...
-
Problem 1 4 - 1 6 ( Algo ) Net Present Value Analysis [ LO 1 4 - 2 ] Windhoek Mines, Limited, of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the...
-
Crane Company leased machinery to Bramble Company on July 1 , 2 0 2 5 , for a ten - year period expiring June 3 0 , 2 0 3 5 . Equal annual payments under the lease are $ 2 6 1 0 0 0 and are due on...
Study smarter with the SolutionInn App