not use ai please 4Selected data from Design Corporation for 20X6 is as follows:InventoriesBeginningEndingMaterials$34,000$40,000ofWork in process135,000150,000Finished goods110,000102,000tionCosts incurred during 20x6 are as follows:$41,000$80,000Direct materials purchasedManufacturing overheadDirect manufacturing wages 180% of manufacturing overheadCost of goods sold isSelect one:O a. $236,000O b. $259,000c. $244,000O.d. $252,000

Step 1: Direct materials used Direct materials used = Materials, beginning + Purchases - Materials,…

Answered: 4 Selected data from Design Corporation…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 10MC: Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the...

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Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the rate of 100% of the direct labor cost. What is the value of the Inventory transferred to the next department if beginning inventory was 2,000 units; 9,000 units were started; and 1.000 units were in ending inventory? A. $1,000 B. $13,000 C. $130.000 D. $20.000
What is the cost of direct labor f the conversion costs are $330.000 and manufacturing overhead is $275,000? $55,000 $275,000 $330,000 $605,000
Selected data from Design Corporation for 20X6 is as follows: Inventories Materials Work in process Finished goods Beginning $34,000 135,000 110,000 Costs incurred during 20x6 are as follows: Direct materials purchased Manufacturing overhead Direct manufacturing wages Cost of goods sold is Select one: O a. $252,000 O b. $259,000 O c. $244,000 O d. $236,000 Ending $40,000 150,000 102,000 $41,000 $80,000 180% of manufacturing overhead
Sd Sub: accounting
Midiul acturing overneau 1,400,00 $1,000,000 $1,110,000 Direct labor costs $1,860,000 $1,550,000 $558,000 Direct labor hours 124,000 155,000 49,600 Machine hours 496,000 620,000 148,800 The following information pertains to January 2022 for each manufacturing department. Department E K Direct materials used $173,600 $156,240 $94.720 Direct labor costs $148,800 $136,400 $46,500 Manufacturing overhead incurred $122,760 $153,760 $97,960 Direct labor hours 9,920 13,640 4,340 Machine hours 42,160 55,800 12,896.
EstimatedFixedCost EstimatedVariableCost(perunitsold) Production costs: Direct materials $19 Direct labor 13 Factory overhead $261,300 10 Selling expenses: Sales salaries and commissions 54,300 4 Advertising 18,400 Travel 4,100 Miscellaneous selling expense 4,500 4 Administrative expenses: Office and officers' salaries 53,100 Supplies 6,500 2 Miscellaneous administrative expense 6,040 2 Total $408,240 $54 It is expected that 8,640 units will be sold at a price of $135 a unit. Maximum sales within the relevant range are 11,000 units. Required: Question Content Area 1. Prepare an estimated income statement for 20Y7. Belmain Co.Estimated Income StatementFor the Year Ended December 31, 20Y7 $- Select - Cost of goods sold: $- Select - - Select - - Select -…
A company had the following operations: beginning balance $36,000 $22,500 $67,500 ending balance $37,500 $15,000 $91,000 Inventories Raw materials (all direct) Work in process Finished goods Additional information: Raw materials purchased Direct manufacturing labor payroll (DL cost) Direct manufacturing wage rate per hour Predetermined overhead rate per direct labor hour $105,000 $75,000 $ 12/DLH $16/DLH How much was the Raleigh's unadjusted cost of goods sold for the period? O $277,500 O $372,500 O none of the answers listed O $262,500 O $237,500
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Direct materials $ 78,000 Direct labor $ 40,000 Manufacturing overhead $ 18,000 Selling expenses $ 21,000 Administrative expenses $ 33,000 Calculate the following: Product cost = direct labor + direct material + factory overhead = 136,000 Period cost = Conversion cost Prime cost
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ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?
Assume the following information: Materials $ 10,000 291,600 $301,600 Conversion $15,000 387,000 $ 402,000 Milling Department Total Cost of beginning work in process inventory Costs added during the period $ 25,000 678,600 $703,600 Total cost ts 00:13:14 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department? Multiple Choice $29,280 $59,280 $49.280

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