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If possible can you show work. Thank you in advance 1. (9 points) The following data have been taken from the accounting records of Larder
If possible can you show work. Thank you in advance 1. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year. $1,815,000 Purchases of raw materials.$240,000 ...$335,000 Applied Manufacturing overhead.$340,000 S325,000 $210,000 $190,000 $140,000 $150,000 Work in process inventory, ending$115,000 Finished goods inventory, beginning... $140,000 Finished goods inventory, ending..$175,000 Direct labor... Administrative expenses.. Selling expenses.. Raw materials inventory, beginning. Raw materials inventory, ending Work in process inventory, beginning Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form. b. Compute the Cost of Goods Sold. c. Using data from your answers above, prepare an Income Statement (using the traditional format) 2. (6 points) Gonzalez, Inc. manufactures stereo speakers in two factories; one in Vandalia, Illinois and another in Merced, California. The Vandalia factory uses direct labor hours (DLHs) for its overhead rate and the Merced factory uses machine-hours (MHs) for its overhead rate. Information related to both plants for last year is presented below: Vandalia factory S4,025,000 Merced factory $2,580,000 150,000 MHs Estimated manufacturing overheard.. Estimated amount of allocation base(a) Predetermined overhead rate. Actual amount of allocation base. Actual manufacturing overhead.. Applied manufacturing overhead Under or overapplied overhead (indicate per DLH (d) 145,000 MHs $2,585,000 $4,115,000 S4,225,000 (e)_ the dollar amount and whether it is over or underapplied Required: Fill in the lettered blanks above. SHOW YOUR CALCULATIONS BELOW (For partial credit)! 3. (9 points) Anchor Inc uses the weighted-average method in its processcosting system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in proces Costs in the beginning inventory: 5,000 Materials cos. $67,000 $50,750 Units started into production during the month.. 130,000 120,000 Units completed and transferred out Costs added to production during the month: S500,000 $226,000 Materials cost. Work in process, ending: Units in process % of completion with respect to materials % of completion with respect to conversion 15,000 40% 20% .. Required: Prepare a process costing departmental production report (calculation of equivalent units, cost per equivalent unit, and cost reconciliation) for the department using the weighted-average method. Round the cost per unit to the nearest cent. 4. (6 points) The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31 Sales Sales in units Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases S 166,400 208 pairs 800 62 10 $ 23,000 $ 28,000 $ 35,000 $ 60,000 $115,000 Note: to calculate COGS you will need to use the following equation: Beg. Merch. Inventory + Merch. Purchases -End. Merch. Inventory. COGS is a variable expense. Required 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit
If possible can you show work. Thank you in advance
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