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mtana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. quired: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials used Direct labor Factory overhead 50 $ 560 $ 0 $ 320 $ 2,300 $1,000 $ 510 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022 efer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2022 Cost of goods sold Goods available for sale Cost of goods sold epare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2022 4 Total manufacturing costs Total cost of goods in process Cost of goods manufactured Classify the following manufacturing costs of Business Solutions as either direct or indirect Product Costs 1. Monthly fee to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation components 5. Wages of desk assembler 6. Electricity for workshop 7. Depreciation on manufacturing tools Cost by Traceability

mtana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. quired: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials used Direct labor Factory overhead 50 $ 560 $ 0 $ 320 $ 2,300 $1,000 $ 510 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022 efer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2022 Cost of goods sold Goods available for sale Cost of goods sold epare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2022 4 Total manufacturing costs Total cost of goods in process Cost of goods manufactured Classify the following manufacturing costs of Business Solutions as either direct or indirect Product Costs 1. Monthly fee to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation components 5. Wages of desk assembler 6. Electricity for workshop 7. Depreciation on manufacturing tools Cost by Traceability

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 18E
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mtana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. quired: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials used Direct labor Factory overhead 50 $ 560 $ 0 $ 320 $ 2,300 $1,000 $ 510 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022 efer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2022 Cost of goods sold Goods available for sale Cost of goods sold epare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2022 4 Total manufacturing costs Total cost of goods in process Cost of goods manufactured Classify the following manufacturing costs of Business Solutions as either direct or indirect Product Costs 1. Monthly fee to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation components 5. Wages of desk assembler 6. Electricity for workshop 7. Depreciation on manufacturing tools Cost by Traceability
Transcribed Image Text:mtana Rey, owner of Business Solutions, diversifies her business by also manufacturing computer workstation furniture. quired: 1. Classify the following manufacturing costs of Business Solutions as either direct or indirect 2. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. Assume the following manufacturing costs. Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials used Direct labor Factory overhead 50 $ 560 $ 0 $ 320 $ 2,300 $1,000 $ 510 3. Refer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022 efer to the data in part 2 and prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Partial Income Statement For Month Ended January 31, 2022 Cost of goods sold Goods available for sale Cost of goods sold epare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2022. BUSINESS SOLUTIONS Schedule of Cost of Goods Manufactured For Month Ended January 31, 2022 4 Total manufacturing costs Total cost of goods in process Cost of goods manufactured Classify the following manufacturing costs of Business Solutions as either direct or indirect Product Costs 1. Monthly fee to clean workshop 2. Laminate coverings for desktops 3. Taxes on assembly workshop 4. Glue to assemble workstation components 5. Wages of desk assembler 6. Electricity for workshop 7. Depreciation on manufacturing tools Cost by Traceability
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