Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 On a piece of paper make a statement of Cost of Goods Manufactured and find TWO correct answers. Drect materials $20,000. Direct Labor

image text in transcribed
QUESTION 1 On a piece of paper make a statement of Cost of Goods Manufactured and find TWO correct answers. Drect materials $20,000. Direct Labor $25,000. Manufacturing Overhead $5000 Beginning work in process $10000. Ending work in process $2000 total manufacturing costs are $12000 total manufacturing costs are $58,000 total manufacturing costs are $50,000 total cost of goods manufactured is $58,000 total cost of goods manufactured is $40.000 QUESTION 2 I have budgeted 5400000 in overhead costs and 40,000 machine hours. I actually spent $410 000 in owerhead and used 3000 machine hours A $20,000 cost of goods sok 20000 - budgeted overhead per machine hour Manufacturing overhead applied overhead under or over applied overhead? Cost of good so How much over or under applied? journal entry to correct overhead F 30.000 51 QUESTION 3 Match the following with the type of entory i am descong Pay close attention to the dates - October 1 l have a stack of wood A Beginning work Process or D.cost of goods old QUESTION 4 Check TWO that are part of manag ed Oo here to search

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_2

Step: 3

blur-text-image_3

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

Financial Accounting, Enhanced

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1119594596, 9781119594598

More Books

Students also viewed these Accounting questions

Question

What laws have been passed to legislate ethics?

Answered: 1 week ago