Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our

As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is $21,000 $18,000 $15,000 $12,000 $9,000 $6,000 $3,000 50 Raw Materials November 30 December 31 Inventories Factory Overhead for December Indirect materials Total Overhead $42,000 Other overhead costs Indirect labor +ableau 1. Did finished goods inventory increase or decrease, and by what amount, from November 30 to 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below.

As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis. $21,000 $18,000 $15,000 $12,000 $9,000 $6,000 $3,000 Raw Materials Inventories Work in Process Finished Goods $21,000 $18,000 $15,000 $12,000 $9,000 $6,000 $3,000 50 Raw Materials November 30 December 31 Inventories Work in Process November 30 December 31 Finished Goods November 30 December 31 U Factory Overhead for December Indirect materials Total Overhead $42,000 Other overhead costs Indirect labor Predetermined Overhead Rate Sales, Materials, and Payroll for December Factory payroll Raw materials purchases Sales +ableau 1. Did finished goods inventory increase or decrease, and by what amount, from November 30 to December 31? 2. Did raw materials inventory increase or decrease, and by what amount, from November 30 to December 31? 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 1. Did finished goods inventory increase or decrease, and by what amount, from November 30 to December 31? 2. Did raw materials inventory increase or decrease, and by what amount, from November 30 to December 31? 1. Finished goods inventory 2. Raw materials inventory The by by Req 3 > 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Compute cost of direct materials used. Cost of direct materials used < Req 1 and 2 D

Step by Step Solution

3.49 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

1 From the bar graph it can be observed that Finished goods inventory on November 30 is 7500 Finishe... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook

2nd Canadian Edition

1118168879, 9781118168875

More Books

Students also viewed these Accounting questions