Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 20, 2024

User sandpaper $30000 , , Direct Materials $384000 1 January 2023, Direct Material purchases $3200000, Finish Goods $672000 1 January 2023, Finish Goods $1280000 31

User sandpaper $30000 , ,

Direct Materials $384000 1 January 2023,

Direct Material purchases $3200000,

Finish Goods $672000 1 January 2023,

Finish Goods $1280000 31 December 2023 ,

Work in process $96000 1 January 2023

, Work in process $64000 31 December 2023,

Sandpaper $30000, Coolants $22400

Find Direct Material used in 2023, What manufacturing costs were added during 2023

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

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

16th edition

1259307417, 978-1260153132, 1260153134, 978-1259307416

More Books

Students also viewed these Accounting questions

Question

★★★★★

Q1-Under the weighted-average method, partially completed units in work-in-process inventory are always less than 100% complete with respect to conversion always less than 100% complete with respect...

Answered: 1 week ago

Question

★★★★★

Explain how you came up with the answer- show work 1. Rally Synthesis Inc. manufactures and sells 100 bottles per day. Fixed costs are $22,000 and the variable costs for manufacturing 100 bottles are...

Answered: 1 week ago

Question

★★★★★

How does the EPA test products and what are the criteria for a product that states it kills 99.9% of bacteria?

Answered: 1 week ago

Question

★★★★★

This question is optional and will not be graded. We are interested in examining factors determining women's labor force participation. Use the data set mroz. dta and the do file ps5.2. do to answer...

Answered: 1 week ago

Question

★★★★★

Name and describe the four major sets of variables that might be used in segmenting consumer markets. Which segmenting variables does Starbucks use?

Answered: 1 week ago

Question

★★★★★

Cost allocation and cost drivers. What is the relationship between the concept of the cost allocation basis, used in the step-down method, and the concept of the cost driver, used in activity-based...

Answered: 1 week ago

Question

★★★★★

A box contains six white stones and six black stones. Peter selects three stones at random without replacement. Let Y be the random variable that represents the number of white stones minus the...

Answered: 1 week ago

Question

★★★★★

Aretail store in Des Moines, Iowa, receives shipments of a particular product from Kansas City and Minneapolis. Let x = units of product received from Kansas City y = units of product received from...

Answered: 1 week ago

Question

★★★★★

Draw a P&ID ( Piping and Instrumentation Diagram ) of the process shown ( Stirred - tank heat exchanger with cascade control ) while making use of the standard ISA 5 . 1 symbols for instrumentation...

Answered: 1 week ago

Question

★★★★★

Alice has invented a new card game to play with Bob. Alice made a deck of cards with random values between 1 and 52. Bob picks 5 cards. Then, he has to rearrange the cards so that by utilizing the...

Answered: 1 week ago

Question

★★★★★

Theoretically, what role does pricing play in revenue management? Pick 2 of the following to discuss by using the example: 1) How to price for a multiple customer segment market (please have one...

Answered: 1 week ago

Question

★★★★★

The following is the -adrenergic receptor and a small G protein (shown in blue) oriented in the membrane. Answer parts (a)-(d) by using the options: Cytoplasm/ nucleus/ rough endoplasmic reticulum...

Answered: 1 week ago

Question

★★★★★

a) Specific ion channels and pumps regulate the resting membrane potential and action potential of aneuron. You treat a neuron in vitro (in a plate) with a reversible ATP synthase inhibitor. Would...

Answered: 1 week ago

Question

★★★★★

C. elegans shows ethanol-responsiveness through body-flattening. Loss-of-function mutants in the slo gene are resistant to ethanol and do not flatten their bodies. Null mutants in the npr gene show...

Answered: 1 week ago

Question

★★★★★

The following is the regulatory network that controls the activity of the mitotic regulatory kinase (Cdk-1) that is critical for the G2M phase transition of a cell during the cell cycle. DNA damage...

Answered: 1 week ago

Question

★★★★★

The following drawing represents a cardiac stem cell (CSC) lineage commitment and differentiation in mice. a) List two characteristics of CSC that qualifies them as stem cells. b) Briefly describe...

Answered: 1 week ago

Question

★★★★★

The Everty Equipment Company's flange-lipping machine was purchased 5 years ago for $65,000. It had an expected life of 10 years when it was bought and emaining depreciation is $6,500 per year for...

Answered: 1 week ago

Question

★★★★★

Consider a closed, rigid tank with a volume of 0.8L, filled with cold water initially at 27C. The tank is filled such that there are no voids (air pockets) within. The initial pressure within the...

Answered: 1 week ago

Question

★★★★★

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The...

Answered: 1 week ago

Question

★★★★★

Mercer Asbestos Removal Company removes potentially toxic asbestos insulation and related products from buildings. There has been a long-simmering dispute between the companys estimator and the work...

Answered: 1 week ago

Question

★★★★★

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials,...

Answered: 1 week ago

Question

★★★★★

Here are the summary statistics for the weekly payroll of a small company: lowest salary = $300, mean salary = $700, median = $500, range = $1200, IQR = $600, first quartile = $350, standard...

Answered: 1 week ago

Question

★★★★★

Here is a timeplot of each monthly load factor for domestic flights for 2000 to 2013 along with a lowess smooth. a) Describe the patterns you see in this plot. b) Do you expect the overall pattern to...

Answered: 1 week ago

Question

★★★★★

The table lists the amount of rainfall (in acre-feet) from the 26 clouds seeded with silver iodide discussed in Exercise 40: a) Why is acre-feet a good way to measure the amount of precipitation...

Answered: 1 week ago

Previous Question Next Question