Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In May, assume Kier Company purchased $90,000 of raw materials and used $80,000 in production. Kier Company incurred $150,000 of direct labor expenses and $94,000

image text in transcribed In May, assume Kier Company purchased $90,000 of raw materials and used $80,000 in production. Kier Company incurred $150,000 of direct labor expenses and $94,000 of overhead applied in May. Kier Company incurred $25,000 of selling expenses in May. The beginning work in process account was $10,000 and ending was $19,000. The beginning finished goods account was $5,000 and ending was $2,000. How much was moved from work in process to finished goods in May? Question 20 3 pts Below is the direct materials budget for Akemi Company Akemi Company purchases 70% of its direct materials on account and 30% are purchased with cash. Akemi company expects to pay cash for the accounts payables in the following time periods: - 20% in the month of the purchase - 80% in the month after the purchase How much is the company's total CASH DISBURSEMENTS related to direct materials for March

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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 Accounting A Decision Emphasis

Authors: Germain B. Boer, William L. Ferrara, Debra C. Jeter

4th Edition

0873939123, 978-0873939126

More Books

Students also viewed these Accounting questions

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago