i just need help with questions from 7 on... hope the same person who helped with the first part responds to this also!!
Part 1: Information to use in completing is below and the requirements follow where you will answer the questions Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs 1. The company uses direct labor hours as the cost driver for manufacturing overhead application The company estimated the following manufacturing overhead costs for the year The company estimated the folowing usage of direct-labor hours for the year $594,500 205,000 8 2. Beginning Work-in-procoss, March 1 (Job 57) $100,000 10 3. Beginning Finished Goods, March 1 (Job 55) $120,000 12 2. Labor Information for March: 14 Direct-labor hours Job 57 Job 58 15 6,800 6,000 4,000 16 17 Job 59 18 Labor costs 19 Direct-labor wages Indirect-labor wages Supervisory salaries $420,000 $25,000 $12,000 20 21 3. Material Information for March: 23 24 Raw Materials, Inventory, March 1 Purchase or raw material $21,000 $210,000 25 26 Direct materials requisitioned 27 Job 57 $90,000 $75,000 $51,000 28 Job 58 29 Job 59 $400 000 $200,000 1 Develop the predetermined overhead rate Finihed Goodfor Marhnd provide the number ofthe Job-in Finished Goods at the end of March and determine the total cost of ending Mished goods for March. 5. Determine the Cost of Goods Sold for March and provide the number of the Job(s) in Cost of Goods Sold for March and determine the total cost of goods sold for March For Month onding March 31, 20x0X You need to prepare in good form. Please see Exhibit 18.6 Income Stakement for March pare a Ple chart below showing the three product costs that were added to the jobs in March Project 3 Part 2: SEC EDGAR Research Analysis Please answer the requirements in the order they are listed below by pasting your response into the Text box on the Part 2 Response Worksheet Your analysis should be single spaced and doubled space between each requirement. I want you to use the 10-K file and not the interactive version of the 10-k to answer the requirements. Your submission should be at least 2 pages long if you were submitting it in a Word document. I would suggest you review the additional resources I have isted after the requirements below. If you have questions do not hesitate to ask a question equirements 1. Find 3 different publicly traded companies most recent 10-K report frorm the SEC EDGAR system other than Caterpilar, Inc, Wal-Mart Stores, Inc., and Southwest Airtlines Company to demonstrate an example of each of the following types of companies: manufacturer-Caterpiar, Inc, merchandiser-Wal Mart Stores, Inc, and a service SouthWest Airines. The company must be an actively traded company at the present time, so if you are finding only old 10-Ks you might be looking at a company that went bankrupt, merged, or went p Theretore, the companies you pick must be current publicly traded companies and cannot be companies that have gone private or bankrupt. Provide the URL address of each of the t current 10-K reports at the SEC EDGAR website, the CIK Central Index Koy number for oach of the companies, and the respective peid ir ort date fo ,act of the 10-K reports (I do not want the filing date, but the reporting date which is found on the first page of the 10-K). Read over the Quck EDGAR Tutorial unoer the headng Filings & Forms (EDGAR), so you have an understanding of how to use the EDGAR system if you have not used it betore, http:/www.sec govledgar.shtml The 10-K reports can be found at the SEC website at Search for Company Fangs, co on Company or tundnare, ticker smo , ce tran denen nie non er. state, coetry, or se sandara Industial Classifcation), Eter the company name or ticker symbol, Search for 10-K, and you pick the most recently filed 10-K report 2. Explain why you have made the classifications for each of the 3 companies you identifed in #1 Using the 10-K report, provide supporting information from the report that substantiates your classification of manufacturer, merchandiser, or a service company Give the page number classification you used n of whi rs of the 10-K report you used to make the determin 3 Compare contrast, and explain the most recent audited income statements and explain the diflerences you tound on the income statement in respect to how the companies report the cost of providing the product or service they sell. Explain how these costs are used to generate revenue for each of the companies Give Dollar amounts for the costs the company is incurring to provide the product or service they sell. Give the page number of each of the income statements and be specific in your comparison by giving a description of the cost of the product or service and the dollar amounts that are being used on each of the income statements for these diftferent costs. Make sure you are giving a detaled explanation Additional guidance: The income statement and the statement of operations are the same thing. This is just a variation of the common term "income statement", so if your company has a statement of operations this is the income statement. You will see the word consolidated in most company's 10-K, which means that the company has controlling interest of other companies and has combined or "consolidated all of these subsidaries into the financial statement Make sure you are using the audited financial statements and not just excerpts found in the annual report Compare, contrast, and explain the most recent audited balance sheets, notes to the fnancial statements, and identify what type of inventory accounts each of the companies ae presenting or are not presenting. In your explanation, you should include a detailed discussion on why each company uses certain inventory accounts in comparison to the other y does not have inventory, explain in detail the reason why there is no invenlory accounts. What do these accounts represent and give doilar amounts of the nventory amounts? Make sure you are giving a detailed expanation of the similanties and differences you found in the balance sheet and notes to the ftinancial tatements in reference to how t the companies are handing the inventory. Give the page number(s) of the balance sheets and notes you used for your comparison of each of these companies. Additional guidance: The balance sheet and the statement of financial position are the same thing 5. Provide an in-depth summary of what you have learned about the companies you picked for your analysis in reference to the selig of inventory or services and how this impacts the financial statements answer the have listed after the requirements be if you have be at least 2 pages long if you were submittingin a word document. I would suggest you review the additional resources t Airlines Company must be an actively traded c is found on the first page of the 10-K) of how to use the E (EDGAR), so you have an or fund name, ticker symbol, ClIK (Central Index Key), file number. Enter the company name or ticker symbol, Search for 10-K, and you pick the most recently filed 10-K report Give the page numbers of the 10-K report you used to make the determination of which of classification you they sell. Explain how th for the costs the company of the cost of s and be and the t of t of found in the annual report n comparison to the other and notes to the to the and how