Determine specific amounts for the following items this month:Cost of Direct Materials usedCost of Direct LaborManufacturing Overhead Cost Please don't provide answer in image format thank you The following are partially completed T-accounts for Marigold. The accountant needs help filling in the remaining details of theaccounts before closing month-end and starting next month's transactions.Beginning balanceEnding balanceBeginning balanceEnding balanceBeginning balanceEnding balance1.2.3.DM Inventory4.5001,100WIP Inventory2,2004,400FG Inventory8,900The only additional information available for this month includes payroll records and a few other items, as follows.13,200COGS204,000Marigold paid $94,000 in total payroll costs this month, split evenly between hourly manufacturing worker wages andmanufacturing supervisor salaries.It paid $4,300 in total utility costs: 75% was for manufacturing facilities, and 25% was for executive and administrative space.Buildings and equipment used in manufacturing are depreciated at a steady rate of $18,000 per month; buildings and officeequipment in executive and administrative spaces are depreciated at a steady rate of $12,000 per month.Other indirect material and indirect labor costs amounted to $2,700.

Name: Determine specific amounts for the following items this month:Cost of
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Description: Determine specific amounts for the following items this month:Cost of Direct Materials usedCost of Direct LaborManufacturing Overhead Cost Please don't provide answer in image format thank you The following are partially completed T-accounts for Mari

Cost of goods sold means the cost of goods which has been actually sold out during the year.Cost Of…

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Business

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Determine specific amounts for the following items this month: Cost of Direct Materials used Cost of Direct Labor Manufacturing Overhead Cost Please don't provide answer in image format thank you

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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View Policies Current Attempt in Progress Manufacturing cost data for Marin Company are presented as follows. Determine the missing amount for each letter (a) through (i). Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Work in process 1/1/22 Total cost of work in process Work in process 12/31/22 Cost of goods manufactured Save for Later Case A 72,000 58,800 250,100 282,800 237,020 (a) (b) (c) Case B $88,300 109,600 103,700 85,200 13,600 (d) (e) (f) Case C Attempts: 0 of 7 used $166,400 129,600 323,000 430,400 89,600 (g) (h) (i) Submit Answer
Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. b. a. Materials purchased on account b. C. C. d. e. f. 9. h. i. j. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use Factory labor used: If an amount box does not require an entry, leave it blank. On production orders For general factory purposes Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory Factory overhead costs incurred on account Factory overhead applied, based on machine hours Jobs finished Jobs shipped to customers: Cost Selling price (assume all sold on account) J $176,000 12,200 153,700 2,700 141,300 12,000 37,000 6,100 76,000 105,300 415,300 412,000 638,000
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Please refer to the pictures for info and questions 1 and 2. See below for question 3 format. Department Departmental Overhead Rate Standard Deluxe Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $0 $0
View Policies Current Attempt in Progress In which of the following categories do indirect materials belong? Product Cost Manufacturing Overhead Period Cost No No Yes Yes No No Yes Yes No Yes Yes Yes eTextbook and Media Save for Later O Attempts: 0 of 3 used Submit Answer
What is the ending balance in Work in Process? 2. What is the total amount of actual manufacturing overhead cost incurred during the year? (Show T-Account
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Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 a. Materials purchases (on credit). b. Direct materials used. View transaction list Journal entry worksheet