Following the instructions below can you answer the questions from the picture. It's the same problem just a) and b). 1. green cell: Pick an option from the dropdown2. blue cell: Input your answers (link/compute to avoid errors)3. Use only one of the account titles listed in the dropdown. 1Ohno Company specializes in manufacturing a unique model of bicycle helmet.Ohno's monthly manufacturing cost and other expense data are as follows.23Category4 Rent on factory equipment5 Insurance on factory building6Raw materials (plastics, polystyrene, etc.)7Utility costs for factory8 Supplies for general office9 Wages for assembly line workers10Depreciation on office equipment11 Miscellaneous materials (glue, thread, etc.)12 Factory manager's salary13 Property taxes on factory building14Advertising for helmets15Sales commissions16 Depreciation on factory building17 Delivery Expense18192021ABCDTotal Material CostsTotal Labor CostsTotal Manufacturing OverheadsTotal Product Costs2223 E Total Period Costs24$$11,500.00$1,800.00$80,800.00$900.00$300.00$59,700.00$800.00$1,500.00$6,200.00$400.00$14,900.00$10,900.00$1,600.00$2,400.00 AOhno Company reported the following inventory balances1234 Beginning5Ending6 Purchases7 Computations8 Direct Materials used in production9 Total Manufacturing costs10Cost of Good Manufactured11Cost of Goods Sold1213141516171819202122232425LCBCDRaw Materials Work in process Finished Goods$24,500$47,000$19,300$36,900$17,850$25,600$93,200EFGH

Total Manufacturing Costs=Direct Materials+Direct Labor+Manufacturing Overhead

Ohno Company specializes in manufacturing a unique model of bicycle helmet. Ohno's monthly manufacturing cost and other expense data are as follows. Category Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on office equipment Miscellaneous materials (glue, thread, etc.) Factory manager's salary Property taxes on factory building Advertising for helmets Sales commissions Depreciation on factory building Delivery Expense A Total Material Costs Total Labor Costs Total Manufacturing Overheads Total Product Costs Total Period Costs AB B C D E $ $11,500.00 $1,800.00 $80,800.00 $900.00 $300.00 $59,700.00 $800.00 $1,500.00 $6,200.00 $400.00 $14,900.00 $10,900.00 $1,600.00 $2,400.00

Ohno Company specializes in manufacturing a unique model of bicycle helmet. Ohno's monthly manufacturing cost and other expense data are as follows. Category Rent on factory equipment Insurance on factory building Raw materials (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on office equipment Miscellaneous materials (glue, thread, etc.) Factory manager's salary Property taxes on factory building Advertising for helmets Sales commissions Depreciation on factory building Delivery Expense A Total Material Costs Total Labor Costs Total Manufacturing Overheads Total Product Costs Total Period Costs AB B C D E $ $11,500.00 $1,800.00 $80,800.00 $900.00 $300.00 $59,700.00 $800.00 $1,500.00 $6,200.00 $400.00 $14,900.00 $10,900.00 $1,600.00 $2,400.00

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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