Malone Company has the following balances for the current month:Indirect materials used$1320Direct labor5469Sales salaries11588Indirect labor1508Production manager's salary10170Marketing costs4286Factory rentDirect materials usedWhat are the total period costs?118142021

Name: Malone Company has the following balances for the current month:Indir
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Description: Malone Company has the following balances for the current month:Indirect materials used$1320Direct labor5469Sales salaries11588Indirect labor1508Production manager's salary10170Marketing costs4286Factory rentDirect materials usedWhat are the total p

The costs can be classified as product cost ansld period cost. The product costs are the costs…

Business

Accounting

Malone Company has the following balances for the current month: Indirect materials used $1320 Direct labor 5469 Sales salaries 11588 Indirect labor Production manager's salary Marketing costs Factory rent Direct materials used What are the total period costs? 1508 10170 4286 11814 2021

Malone Company has the following balances for the current month: Indirect materials used $1320 Direct labor 5469 Sales salaries 11588 Indirect labor Production manager's salary Marketing costs Factory rent Direct materials used What are the total period costs? 1508 10170 4286 11814 2021

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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Borchardt Corporation has provided the following data concerning last month's operations. Direct materials Direct labor Manufacturing overhead applied to Work in Process Work in process inventory $169,000 O$235,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? $173,000 O$178.000 Beginning $ 66,000 hs $ 29,000 $ 58,000 $ 82,000 Ending $ 57,000
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An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2020. Inventory Beginning Ending Raw materials $9.100 $13,450 Workin process 5.110 8,880 Finished goods 9,870 6,880 Costs incurred: raw materials purchases $55,160, direct labor $51,800, manufacturing overhead $24,080. The specific overhead costs were: indirect labor $7.340, factory insurance $4,130, machinery depreciation $4,920, machinery repairs $2.460, factory utilities $3.450. and miscellaneous factory costs $1,780. Assume that all raw materials used were direct materials. (a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2020.
Robin Company has the following balances for the current month: Direct materials used $ 8,500 Direct labor $20,900 Sales salaries $10,500 $ 1,870 $ 6,070 $ 9,230 $ 4,650 Indirect labor Production manager's salary Marketing costs Factory lease What is Robin's total manufacturing overhead? Multiple Choice $17,170 $29,400 $12,590 $9,230