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) Alamata Option C $75,200 50,200 179,100 200,000 34,200 (h) ()

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) Alamata Option C $75,200 50,200 179,100 200,000 34,200 (h) ()

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

Do not give image format
please answer completely and do not image.
For each of the following independent cases (A through E), compute the missing values in the table: Total Manufacturing Cost Case AB с COE D Prime Cost 6,890 11,650 Conversion Cost 11,620 7,960 20,620 Direct Materials $ 2,110 $ 2,290 1,410 3,310 Direct Manufacturing Labor Overhead 1,160 $ 3,210 1,970 3,620 7,020 3,040 9,370 5,990
From the following information, prepare an Income Statement under: (a) Marginal Costing; (b) Absorption Costing. Particulars Product (RO) X Y Z Direct Material 5,500 20,000 2,000 Direct Wages 7,000 7,000 1,000 Factory Overheads - Fixed 2,000 1,000 1,500 Factory Overheads - Variable 1,900 8,000 2,500 Selling Overheads - Fixed 1,000 500 400 Selling Overheads - Variable 1,000 4,000 1,000 Sales 22,000 41,000 12,000 Fixed factory overhead and fixed selling overhead apportioned to products X, Y and Z on equitable bases.
Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situations. (a) Indicate the missing amount for each letter. DirectMaterialsUsed DirectLaborUsed ManufacturingOverhead TotalManufacturingCosts Work inProcess1/1 Work inProcess12/31 Cost of GoodsManufactured (1) $117,000 $140,000 $87,000 $ (a) $33,000 $ (b) $360,000 (2) (c) 200,000 132,000 450,000 (d) 40,000 470,000 (3) 80,000 100,000 (e) 265,000 60,000 80,000 (f) (4) 70,000 (g) 75,000 288
Hh1. Account
Dengar
Product Cost Flows. Complete the following T-accounts.
What was the cost of good manufactured?
Account balances from Boilermakers Company are as follows: Manufacturing Overhead Work in Process Finished Goods Cost of Goods Sold $240,000 underapplied 100,000 300,000 800,000 Under- or overapplied overhead is material and is allocated to Work in Process, Finished Goods, and Cost of Goods Sold (based on ending account balances), Cost of Goods Sold after adjustment would have a balance of Oa. $1,440,000. Ob. $640,000. Oc. $960,000. Od. $1,040,000.
rr
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