Manufacturing cost data for Copa Company are presented below.Indicate the missing amount for each letter (a) through (i). Case A Case B Case CDirect materials used $ (a) $68,400 $130,000 Direct labor 57,000 86,000 (g)Manufacturing overhead 46,500 81,600 102,000 Total manufacturing costs 195,650 (d) 253,700 Work in process 1/1/20 (b) 16,500 (h)Total cost of work in process 221,500 (e) 337,000 Work in process 12/31/20 (c) 11,000 70,000 Cost of goods manufactured 185,275 (f) (i) O Chapter 14 HomeworkO NWP Assessment Player UI Appli xb Answered: Classification of Costs XA education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=e9dbfc7e-751f-4165-84b9-54236ca5f8d9#/question/12Paused+ Chapter 14 HomeworkQuestion 13 of 15< >-/1 EView PoliciesCurrent Attempt in ProgressManufacturing cost data for Copa Company are presented below.Indicate the missing amount for each letter (a) through (i).Case ACase BCase CDirect materials used$(a)$68,400$130,000Direct labor57,00086,000(g)Manufacturing overhead46,50081,600102,000Total manufacturing195.650(d)253,700costsWork in process 1/1/20(b)16,500(h)Total cost of work in221.500(e)337,000processWork in process12/31/20(c)11,00070,000Cost of goods185,275(f)(i)manufacturedeTextbook and MediaSave for LaterAttempts: unlimited Submit Answer

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was O a. $226,000 Ob. $190,000 Oc. $218,000 Od. $222,000
In the manufacture of 9,700 units of a product, direct materials cost incurred was $172,400, direct labor cost incurred was $107,300, and applied factory overhead was $43,900. What is the total conversion cost? a. $172,400 b. $323,600 c. $43,900 Od. $151,200
The related data of Manushi Company: Actual direct labor hours 10,000 Actual overhead cost 682,500 Overapplied factory overhead 125,700 Factory overhead is based on direct labor hours. How much is the predetermined rate?
The information below has been taken from the cost records of H Company for the past year: Direct materials used Rs.1,250 Total manufacturing costs 6,050 Manufacturing overhead 2,800 Selling expenses 1,000 Prime Cost 270% of Purchases Direct materials inventory, January 1 130 Direct materials inventory, December 31 80 Work in process, January 1 250 Work in process, December 31 400 Finished goods, January 1 300 Finished goods, December 31 200 Required: a. Compute the cost of Raw Material purchased. b. Compute the cost of direct labor for the year. c. Compute the Cost of Goods Manufactured for the year. d. Compute the Cost of Goods Sold for the year.
Here are selected basic data for Boston Bracing Company: Estimated manufacturing overhead $253,500 Factory utilities $31,000 Estimated labor hours 35,000 Indirect labor $23,000 Actual direct labor hours 36,000 Sales commissions $53,800 Estimated direct labor cost $325,000 Factory rent $48,300 Actual direct labor cost $320,000 Factory property taxes $28,900 Factory depreciation $66,800 Indirect materials $33,700 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs? Question 42 options: $285,500 $228,800 $262,500 $231,700
The following are incomplete manufacturing cost data. Determine the missing amounts for these three independent situations. (1) (2) (3) tA $ Direct Materials Used $32,000 $44,000 LA Direct Labor $48,800 $60,000 Manufacturing Overhead $40,000 $112,000 $88,800 $ Total Manufacturing Costs $236,800 $248,000
Manufacturing cost data for Sheffield Company are presented below. (a) Indicate the missing amounts for each letter (a) through (i). Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Work in process 1/1/20 Total cost of work in process Work in process 12/31/20 Cost of goods manufactured $ Option A 51,200 44,600 179,400 203,000 $170,800 (a) (b) (c) $ Option B $93,900 43,200 43,800 23,600 32,100 (e) $ Alamat Option C $75,200 50,200 179,100 200,000 34,200 (h) ()
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Selected data for Lemon Grass, Inc. for the year are provided below: Factory Utilities $2,100 Indirect Materials Used 32,500 Direct Materials Used 309,000 Property Taxes on Factory Building 5,400 Sales Commissions 83,000 Indirect Labor Incurred 20,000 Direct Labor Incurred 145,000 Depreciation on Factory Equipment 6,800 What is the total manufacturing overhead? A. $52,500 B. $14,300 C. $454,000 D.

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	Case A		Case B		Case C
Direct materials used	$	(a)		$68,400		$130,000
Direct labor	57,000			86,000			(g)
Manufacturing overhead	46,500			81,600		102,000
Total manufacturing costs	195,650				(d)	253,700
Work in process 1/1/20		(b)		16,500			(h)
Total cost of work in process	221,500				(e)	337,000
Work in process 12/31/20		(c)		11,000		70,000
Cost of goods manufactured	185,275				(f)		(i)