12. The following data are available for Peter SenenCompany during the month of July 2020:P 95,00080,00040,00045,00060,00072,00030,00035,00050,000Direct materials purchasedDirect laborIndirect materialsIndirect laborOther indirect factory costsMarketing expensesOffice salaries and wagesRaw materials inventory, June 30Raw materials inventory, July 31What is the total factory overhead?

FACTORY OVERHEADS - Generally, Factory overheads cost is also called manufacturing overhead, which…

Answered: 12. The following data are available…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the following data to compute total factory overhead costs for the month: Sales commissions $ 11,300 Direct labor 40,100 Indirect materials 15,700 Factory utilities 9,500 Indirect labor 14,000 Direct materials 41,000 Corporate office salaries 43,000 Depreciation—factory equipment 8,000
Use the following data to compute total manufacturing costs for the month: Sales commissions Direct labor Indirect materials Factory utilities Indirect labor Depreciation-office equipment Direct materials Corporate office salaries Depreciation-factory equipment Multiple Choice $155,500. $136,100. $52,400. $ 12,600 41,400 17,000 10,800 15,300 6,800 42,300 44,300 9,300 < Prev Q Search 9 of 39
From the account balances listed below, prepare a schedule of cost of goods manufactured for Sur Manufacturing Company for the month ended December 31, 2019. Finished Goods Inventory, December 31 Factory Supervisory Salaries Raw Materials Inventory, December 1 Work In Process Inventory, December 31 Sales Salaries Expense Factory Depreciation Expense Finished Goods Inventory, December 1 Raw Materials Purchases Work In Process Inventory, December 1 Factory Utilities Expense Direct Labor Account Balances OMR 42,000 12,000 12,000 15,000 14,000 8,000 35,000 105,000 25,000 6,000 70,000 19,000 21,000 Raw Materials Inventory, December 31 Indirect Labor Sur Manufacturing Company Cost of Goods Manufactured Schedule For the Month Ended December 31, 2019
What is the total manufacturing costs? What is the total factory overhead?
The following are Margin Company's production costs for December: Direct Materials $ 105,000 Direct Labor 95,000 Factory Overhead 9,000 What amount of costs should be traced to specific products in the production process?
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1. FAN Company has the following data for the year 2021 (in thousand) January 1, 2021 December 31, 2021 Raw Materials Inventory $16,300 $15,000 Work-in-process Inventory $40,000 $40,110 Finished Goods Inventory $49,600 $44,256 During 2021 the amount of raw material purchased was $21,700 and direct labor costs incurred were $10,100. The finance department also provides the following additional data : Factory Machinery Rent 1,840 Indirect Materials $ 3,400 Delivery Expense $ 760 Factory Utilities $ 1,200 Depreciation on Factory Building 3,500 Sales Commissions $ 340 Administrative Expense $ 1,620 Factory Insurance $ 1,266 Sales Revenue $ 98,600 Factory Manager's Salary $ 2,240 Indirect Labor $ 5,670 Instructions: a. Prepare a cost of goods manufactured schedule for FAN Company for 2021! %24
P Company has provided the following data for the month of March: Beginning P25,000 Raw materials inventory Work-in-process inventory 16,000 Finished goods inventory 36,000 Ending P30,000 Direct materials purchases Direct labor incurred Manufacturing overhead Indirect materials included in overhead 18,000 59,000 March Activity P71,000 83,000 74,000 5,000 Prepare a Schedule of Cost of Goods Manufactured and a Partial Income Statement Showing the Cost of Goods Sold
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23. Senen Company provided the following data for the month ended October 31, 2020: Direct labor (2,000 hours @ P40/hr) Inventories, October 1 P80,000 Raw materials Work in process Finished goods 48,000 55,000 81,500 Inventories, October 31 Raw materials 40,000 62,000 90,200 204,300 Factory overhead is applied at P36 per direct labor hour. Work in process Finished goods Cost of goods sold Senen made total purchases of what amount?
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Raw materials Work in process Finished goods Ending $9,880 $15,510 Beginning 5,790 9,760 9,050 6,530 Costs incurred: raw materials purchases $57,720, direct labor $51,130, manufacturing overhead $23,970. The specific overhead costs were: indirect labor $7,090, factory insurance $4,160, machinery depreciation $4,900, machinery repairs $2,450, factory utilities. $3,570, and miscellaneous factory costs $1,800. Assume that all raw materials used were direct materials. ROBERTS COMPANY Cost of Goods Manufactured Schedule ROBERTS COMPANY (Partial) Balance Sheet
he account balances are listed below for Eagle Manufacturing Company for the month of March. Finished goods inventory, March 31 Direct materials purchases Indirect labor Direct labor Work-in-process inventory, March 31 Factory supervisory salaries Direct materials inventory, March 1 Factory utilities expense Direct materials inventory, March 31 Work-in-process inventory, March 1 Factory depreciation expense Finished goods inventory, March 1 Required: $29,000 70,000 21,000 48,000 73,000 12,000 12,000 4,000 21,000 54,000 5.000 33,000 Prepare a cost of goods manufactured and sold statement for Eagle Manufacturing Company for the month ended March 31.

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