Question
1. Flare Co. manufactures textiles. Among Flare's 2020 manufacturing costs were the following salaries and wages: Loom operators $ 140,000 Factory foremen 65,000 Machine mechanics
1. Flare Co. manufactures textiles. Among Flare's 2020 manufacturing costs were the following salaries and wages:
| Loom operators | $ | 140,000 | ||
| Factory foremen | 65,000 | |||
| Machine mechanics | 50,000 | |||
What was the amount of Flare's 2020 direct labor? (CPA adapted)
4.
| Case (A) | Case (B) | Case (C) | |||||||||
| Beginning Balance (BB) | ? | $ | 41,000 | $ | 25,900 | ||||||
| Ending Balance (EB) | $ | 85,000 | 37,200 | 26,300 | |||||||
| Transferred In (TI) | 167,600 | 115,700 | ? | ||||||||
| Transferred Out (TO) | 182,600 | ? | 39,100 | ||||||||
For Case (B) above, what is the amount Transferred Out (TO)?
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
