Carla Vista Corporation incurred the following costs while manufacturing its product:Materials used in productAdvertising expenseDepreciation on plantProperty taxes on plantProperty taxes on warehouseDelivery expenseLabour costs of assembly-line workersSales commissionsFactory supplies usedSalaries paid to sales clerks(a)Your answer is incorrect.Calculate the cost of goods manufactured.$121,20061,600Cost of goods manufactured $7,710Work in process inventory was $10,900 at January 1 and $14,800 at December 31. Finished goods inventory was $60,500 at January1 and $50,800 at December 31.111,00026,000$45,05019.20022,00035,10050,400

The term "cost of goods produced" (COGM) in managerial accounting refers to a schedule or statement…

Carla Vista Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Calculate the cost of goods manufactured. $121,200 Cost of goods manufactured $ 61,600 7,710 111,000. 26,000 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45,050 19,200 Work in process inventory was $10,900 at January 1 and $14,800 at December 31. Finished goods inventory was $60,500 at January 1 and $50.800 at December 31. 22,000 35,100 50,400

Carla Vista Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Calculate the cost of goods manufactured. $121,200 Cost of goods manufactured $ 61,600 7,710 111,000. 26,000 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45,050 19,200 Work in process inventory was $10,900 at January 1 and $14,800 at December 31. Finished goods inventory was $60,500 at January 1 and $50.800 at December 31. 22,000 35,100 50,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Current Attempt in Progress Bramble Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured LA $100,800 $ 50,400 6,300 92,400 19,400 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks Work in process inventory was $10,100 at January 1 and $13,000 at December 31. Finished goods inventory w 1 and $38,300 at December 31. $37,800 11,800 17,600 29,400 42,000
Please do not give solution in image format thanku
Please help me with correct answer thanku
The Company manufactures furniture at its New York factory. Some of its costs from the past year include: Depreciation on sales office $ 9,700 Depreciation on factory equipment 16,600 Factory supervisor salary 50,200 Sales commissions 23,600 Lubricants used in factory equipment 3,000 Insurance costs for factory 21,400 Wages paid to maintenance workers 115,400 Fabric used to upholster furniture 10,800 Freight-in (on raw materials) 3,600 Costs of delivery to customers 9,000 Wages paid to assembly-line workers 115,600 Lumber used to build product 82,200 Utilities in factory 54,800 Utilities in sales office 26,100 Direct material costs for The Company totaled
vd subject-Accounting
Please do not give solution in image format thanku
Cost Item Product or Period Cost? Direct or Indirect Cost? Fixed or Variable Cost? 1 Depreciation on salespersons' cars 2 Rent on equipment used in the factory 3 Lubricants used for machine maintenance 4 Salaries of personnel who work in the finished goods warehouse 5 Soap and paper towels used by factory workers at the end of a shift 6 Factory supervisors' salaries 7 Heat, Water and power consumed in the factory 8 Materials used for boxing products for shipment overseas 9 Advertising costs 10 Workers' compensation insurance for factory employees
Do not give answer in image
Pleass Do not give image format
ABC Co. produces washers and dryers in an assembly-line process. Labor costs incurred during a recent period were: corporate executives, $500,000; assembly-line workers, $180,000; security guards, $45,000; and plant supervisor, $110,000. The total of ABC’s direct labor cost was: a. $235,000 b. $110,000 c. $155,000 d. $180,000
(Management Accounting) Davidson Company produces a part that is used in the manufacture of one of its products. The costs associated with the production of 5,000 units of this part are as follows: Direct materials $108,000 Direct labor 156,000 Variable factory overhead 70,000 Fixed factory overhead 168,000 Total costs $502,000 Of the fixed factory overhead costs, $72,000 are avoidable. Assuming there is no other use for the facilities. What is the highest price Davidson Company should be willing to pay for 5,000 units of the part? A) $264,000 B) $334,000 C) $406,000 D) $502,000
provide correct answer please