CALOVLATOR PRINTER VERSION BACK NEXT CES 21 udy Waterways Problem 01 b1-b3 Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas The mission of Waterways is to manufacture quality parts that can be used for effective Irrigation projects that also conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community. The company has been growing rapidy, management is considering new ideas to help the company continue its growth and maintain the high quality of its products. Waterways was founded by Wa Winkman who is the company president and chief executive officer (CEO). Working with him from the company's inception is ww's brother. Ben se sprinkler designs and ideas about the installation of proper systems have been a major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company. The factory itself is managed by Todd Senter who hires his tine managers to supervise the factory employees. The factory makes all of the parts for the rigation systems. The purchasing crpartment is managed by Helen Hines The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company products, There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though wiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople. The accounting and Finance divkion of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president, she is a member of the trstitute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records A partial list of Waterways" accounts and their balances for the month of November follows. Accounts Receivable 5273,100 Advertising Expenses 54,000 Cash 258,600 Depreciation-Factory Equipment 16,700 Depreciation-omice Equipment 2,400 Direct Labor 41,800 Factory Supplies Used 16,900 Factory Utilities 10,300 Finished Goods Trwentory, November 30 58.109 Finished Goods Inventory, October 31 73,300 Indirect Labor 47,900 Office Supplies pense 1,600 1 CALCULATOR PRINTER VERSION Orparumenics Teresa octer is the Vice President who neaus the sales and marketing area, she oversees so we can respeople The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president, she is a member of the Institut Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting inpu maintain the financial records A partial list of Waterways' accounts and their balances for the month of November follows. Accounts Receivable Advertising Expenses Cash Depreciation--Factory Equipment Depreciation-Office Equipment Direct Labor Factory Supplies Used Factory Utilities Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November 30 Raw Materials Inventory, October 31 Raw Materials Purchases Rent-Factory Equipment Repairs --Factory Equipment Salaries Sales Revenue Sales Commissions Work In Process Inventory October 31 Work In Process Inventory, November 30 $273,100 54,000 258,600 16,700 2,400 41,800 16,900 10,300 68,100 73,300 47,900 1,600 71,700 40,900 52,500 38,100 186,000 46,700 4,500 324,000 1,351,000 40,900 53,200 41,600 Your answer is partially correct. Try again. CALE RESOURCES et 1 Sp21 Problems A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule. Problem 02 WATERWAYS CORPORATION Cost of Goods Manufactured Schedule For the Month of November, 2016 ts by Study RRRRR llll llll lo IK x x ileyPLUS Wexandt, Managerial Accounting, se CALCULATOR PRINTER MENT RESOURCES - Project 1 Sp21 Love Problem ol w Problem 02 Score Results by Study 5 E illi X * WATERWAYS CORPORATION Income Statement ALLULATOR 15p21 sterno em z Study (II) OD 00 em Announcements CALCULATON PRIN RESOURCES ct Bl 8021 X blen 02 K by Study X x IK SHOW LIST OF ACCOUNTS LGRATE INTERRE CALCULATOR PRINTER A list of accounts and their values are given above. From this information, prepare a partial balance sheet for Waterways Corporation for the month of November (List C Niquidity.) WATERWAYS CORPORATION Balance Sheet (partial) Assets 5 OD JOD SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT