Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 1 The Tebbler Manufacturing Company incurred the costs listed below during its manufacturing operations: Raw materials purchased $150,000 Property taxes-Headquarters Bldg. 11,500 Depreciation expense-Manuf.
QUESTION 1 The Tebbler Manufacturing Company incurred the costs listed below during its manufacturing operations: Raw materials purchased $150,000 Property taxes-Headquarters Bldg. 11,500 Depreciation expense-Manuf. plant 55,000 Labor-assembly-line workers 220,000 Manuf. Plant maintenance expense 24,000 Property taxes-Manuf. Plant 35,000 Depreciation expense-Retail store equipment 24,000 Advertising expense 75,000 Shipping expense 10,000 Salesman salaries and commissions 30,000 Insurance expense-Manuf. Plant 66,000 Indirect Material 6,285 Plant manager's Salary 22,000 Rent-Manuf. Plant Equipment 25,145 Administrative Expenses 188,575 indirect labor 56,575 Manuf. Plant supplies used 55,300 Additional data: WIP, 1/1/ WIP, 12/31 Finished good inventory, 1/1 Finished good inventory, 12/1 Raw Materials, 1/1/ Raw Materials, 12/31/ 13,500 17,200 27,000 21,000 21,000 30,000 INSTRUCTIONS-COMPUTE THE FOLLOWING. Input Requirements:The answer must include a dollar sign ($) and there must be 1,000 separator (i.e., 4,500 NOT 4500). Otherwise, the answer will be marked incorrect, even if the computation is correct. A. The total amount of period costs is (round answer to the nearest $1) B. Compute the following: i. Total manufacturing costs ii. Total Cost of Work in process III. COSTS OF GOOD MANUFACTURED iv. Costs of Goods Sold (round answer to the nearest $1)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started