Compute the cost per gallon of liquid cleaner produced in June. Enviro Corporation manufactures a special liquid cleaner at its Green plant. Operating data for June follow:- **Materials:** $2,142,000- **Labor:** $183,600- **Manufacturing overhead:** $734,400The Green plant produced 1,275,000 gallons in June. The plant never has any beginning or ending inventories.**Required:**Compute the cost per gallon of liquid cleaner produced in June. *(Round your answer to 2 decimal places.)*---**Explanation of Diagram:**The image does not contain any graphs or diagrams. It presents a table of costs associated with materials, labor, and manufacturing overhead required for the production of a liquid cleaner, along with a prompt to calculate the cost per gallon produced.

The total of all indirect costs incurred while producing a product is known as manufacturing…

Answered: Enviro Corporation manufactures a…

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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Please assist with the remaining questions: e) What is the balance in the Cost of Goods Sold account after the adjustment? f) Compute Elite's gross profit earned on the jobs sold, after adjusting for the manufacturing overhead variance. g) Post the appropriate entries to Work in Process Inventory account and determine the account balance on March 31 (end of the quarter).
Prepare the Income Statement for the month ended 31 December 2021 using the variable costing method.
What is the cafeteria’s labor cost for June?
Using Process Costs For Decision Making The costs of energy consumed in producing good units in the Baking Department of Pan Company were $31,552 and $33,792 for June and July, respectively. The number of equivalent units produced in June and July was 46,400 pounds, and 52,800 pounds, respectively. Evaluate the change in the cost of energy between the two months. Round all answers to the nearest whole cent.
17. The following information is available for electricity costs for the last six months of the year: Month Volume Costs July 2,800 4.400 August 5,600 10,800 September 6,400 11,400 October 3.500 7,800 November 2,400 4,800 December 4,200 8,100 Using the high-low method, what is the fixed costs?
Using Process Costs For Decision Making The costs of energy consumed in producing good units in the Baking Department of Victor Company were $26,160 and $26,265 for June and July, respectively. The number of equivalent units produced in June and July was 54,500 pounds and 51,500 pounds, respectively. Evaluate the change in the cost of energy between the two months. Round all answers to the nearest cent. Energy cost per pound, June $ Energy cost per pound, July $ The cost of energy has appeared to by $ per pound between June and July.
The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively. The number of equivalent units produced in June and July was 4,000 and 4,250, respectively. Which of the following best describes the change in the cost of materials between the two months? Oa. The cost of materials increased by $1,125, indicating an unfavorable change. Ob. The cost of materials decreased by $0.29 per unit, indicating an improvement. C. The cost of materials increased by $0.88 per unit, indicating an unfavorable change. d. The cost of materials increased by $0.28 per unit, indicating an unfavorable change
Good Night manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $51,000, $28,000, and $33,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $48,000, $35,000, and $29,000, respectively. Direct material purchases were $555,000. Direct labor was $252,000 for the year. Factory overhead was $176,000. Prepare a cost of goods sold budget for Good Night, Inc. Good Night, Inc.Cost of Goods Sold BudgetFor the Year Ending December 31
Compute the total standard costs of handles transferred out in August and the total standard costs of the August 31 inventory of work in process.
What is the total amount of product costs incurred to make 10,000 units?
High-low, regression. May Blackwell is the new manager of the materials storeroom for Clayton Manufacturing. May has been asked to estimate future monthly purchase costs for part #696, used in two of Clayton’s products. May has purchase cost and quantity data for the past 9 months as follows:
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