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Which one of the following does not appear on the balance sheet of a manufacturing company? *

Which one of the following does not appear on the balance sheet of a manufacturing company? *

FINANCIAL ACCOUNTING
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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all 70% 4G+ 11:54 X Company reported total manufacturing costs of $300,000, manufacturing overhead totaling $52,000, and direct materials totaling $64,000. How much was the wages of the assembly line workers? * $116,000 $416,000 $184,000 None of the above Which one of the following does not appear on the balance sheet of a manufacturing company? * Finished goods inventory Work in process inventory Cost of goods manufactured Raw materials inventory None of the above
Transcribed Image Text:all 70% 4G+ 11:54 X Company reported total manufacturing costs of $300,000, manufacturing overhead totaling $52,000, and direct materials totaling $64,000. How much was the wages of the assembly line workers? * $116,000 $416,000 $184,000 None of the above Which one of the following does not appear on the balance sheet of a manufacturing company? * Finished goods inventory Work in process inventory Cost of goods manufactured Raw materials inventory None of the above
all 70% 4G+ 11:55 docs.google.com/forms/d/e/11 2 Cost of goods manufactured Raw materials inventory None of the above X Company manufactures tables. The following pertains to Job No.100: * Direct materials used $18,800 Direct labor hours worked 600 Direct labor rate per hour $16 Machine hours used 400 Applied factory overhead rate per machine hour $30 What is the total manufacturing cost for Job No.100? $40,400 $43,200 $46,400 O None of the above Managers at X company think machine hours is the best activity base for
Transcribed Image Text:all 70% 4G+ 11:55 docs.google.com/forms/d/e/11 2 Cost of goods manufactured Raw materials inventory None of the above X Company manufactures tables. The following pertains to Job No.100: * Direct materials used $18,800 Direct labor hours worked 600 Direct labor rate per hour $16 Machine hours used 400 Applied factory overhead rate per machine hour $30 What is the total manufacturing cost for Job No.100? $40,400 $43,200 $46,400 O None of the above Managers at X company think machine hours is the best activity base for
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