Assignrnent-Chapter 1 Weygandt.xlsx Instructions From the infornation, determine the total anount of (a) Manufacturing overhead (b) Product costs (c) Period costs. NOTE: Enter a number in cells requesting a value; enter eith (a) Determine the total amount of manufacturing overhead. Value Factory utilities Depreciation on factory equipment| Indirect factory labor Indirect materials Value Value Value Value Factory managers salary Property taxes on factory building Factory repairs Manufacturing overhead Value Value Assignment Chapter 1 Weygandt (t) - Protected View Excel (Unlicensed Produc FormulasData Review View Help Tell me what you want to do Fle Home insert Page Layout Be careful-les Enable Editing PRORECTED VIEW from the Internet can contain viruses. Unless you need to edt, it's safer to stay in Peotected View SURSCRIPTION EXPIRED To keep using Encel without inteuption, please seactivate now. eactivate x P1-5A Prepare a cost of goods manufactured schedule and a correct income statement P1-5A Prepare a cost of goods manufactured schedule and a correct income statement 2Empire Company is a manufacturer of smart phones. Its controller resigned in October 2017 An inexperienced assistant accountant has prepared the following income statement for 4 the month of October 2017 EMPIRE COMPANY income Statement For the Month Ended October 31, 2017 10 Sales Revenue $780,000 11 Less: Operating Expenses $264,000 Raw materials purchases Direct labor costs Advertising expense Selling and administrative salaries Rent on factory facilities Depreciation on sales equipment Depreciation on factory equipment Indirect labor cost Utilities expense Insurance expense 190,000 90,000 75,000 60,000 45,000 31,000 28,000 12,000 14 16 18 19 8,000 $803,000 $23.000 Net loss 14 E1-12 E1-16 P1-4A P1-5A Type here to search Assignment Chapter 1 Weygandt (t) Protected View Excel (Unlicensed Produc Review View Hep Tel me what you want to do Fle Home nsert Page Layout Formulas Data ReviwView Help View Enable Editing Be careful-les from the Internet can contain vinuses Unless you need to edit, it's safes to stay in Peotected PRORECTED VIEW SUESCRIPTION EXPIRED To keep using Encel without intenuption, please seactivate now. eactivate x s P1-SA Prepare a cost of goods manufactured schedule and a correct income statement 1 P1-5 Prepare a cost of goods manufactured schedule and a correct income statement 2Empire Company is a manufacturer of smart phones. Its controller resigned in October 2017 An inexperienced assistant accountant has prepared the following income statement for 4 the month of October 2017 EMPIRE COMPANY income Statement For the Month Ended October 31, 2017 $780,000 Sales Revenue Less: Operating Expenses 10 $264,000 Raw materials purchases Direct labor costs Advertising expense Selling and administrative salaries Rent on factory facilities Depreciation on sales equipment Depreciation on factory equipment Indirect labor cost Utilities expense Insurance expense 190,000 90,000 75,000 60,000 45,000 31,000 28,000 12,000 14 16 18 19 20 8,000 $803,000 Net loss E14 E1-12 E1-16 P1-4A P1-5A Type here to search
