Horngren's Cost Accounting, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134476032
Author: Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem 2.20MCQ
The following information was extracted from the accounting records of Roosevelt Manufacturing Company:
| Direct materials purchased | 80,000 |
| Direct materials used | 76,000 |
| Direct |
10,000 |
| Indirect manufacturing labor costs | 12,000 |
| Sales salaries | 14,000 |
| Other plant expenses | 22,000 |
| Selling and administrative expenses | 20,000 |
What was the cost of goods manufactured?
- 1. $124,000
- 2. $120,000
- 3. $154,000
- 4. $170,000
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Students have asked these similar questions
The following information was extracted from the accounting records of Roosevelt Manufacturing Company:
Direct materials purchased
80,000
Direct materials used
76,000
Direct manufacturing labor costs
10,000
Indirect manufacturing labor costs
12,000
Sales salaries
14,000
Other plant expenses
22,000
Selling and administrative expenses
20,000
What was the cost of goods manufactured?
The selected amounts that follow were taken from Kandace Corporation's accounting
records:
Raw material used
Direct labor
Total manufacturing costs
$27,000
$35,000
$104,000
$19,000
$100,000
$175,000
Finished goods inventory (12/31)
$60,000
Sales revenue
$300,000
Work in process inventory (1/1)
Cost of goods manufactured
Cost of goods available for sale
Selling and administrative expenses $125,000
Income tax expense
Ex Required:
Compute the following:
a. Manufacturing overhead.
b
Work-in-process
est of goods sold.
13/31
$18,000
遊
The following information is taken from the financial records of Gunner Manufacturing:
Cost of materials used
$45,000
Direct labor costs
48,000
Factory overhead
39,000
Work in process, beginning
18,000
Work in process, ending
28,000
What is the cost of goods manufactured?
a.$142,000
b.$122,000
c.$132,000
d.$178,000
Chapter 2 Solutions
Horngren's Cost Accounting, Student Value Edition (16th Edition)
Ch. 2 - Define cost object and give three examples.Ch. 2 - Define direct costs and indirect costs.Ch. 2 - Prob. 2.3QCh. 2 - Name three factors that will affect the...Ch. 2 - Define variable cost and fixed cost. Give an...Ch. 2 - What is a cost driver? Give one example.Ch. 2 - What is the relevant range? What role does the...Ch. 2 - Explain why unit costs must often be interpreted...Ch. 2 - Prob. 2.9QCh. 2 - What are three different types of inventory that...
Ch. 2 - Distinguish between inventoriable costs and period...Ch. 2 - Define the following: direct material costs,...Ch. 2 - Describe the overtime-premium and idle-time...Ch. 2 - Define product cost. Describe three different...Ch. 2 - What are three common features of cost accounting...Ch. 2 - Prob. 2.16MCQCh. 2 - Comprehensive Care Nursing Home is required by...Ch. 2 - Frisco Corporation is analyzing its fixed and...Ch. 2 - Year 1 financial data for the ABC Company is as...Ch. 2 - The following information was extracted from the...Ch. 2 - Computing and interpreting manufacturing unit...Ch. 2 - Direct, indirect, fixed, and variable costs....Ch. 2 - Classification of costs, service sector. Market...Ch. 2 - Classification of costs, merchandising sector....Ch. 2 - Classification of costs, manufacturing sector. The...Ch. 2 - Variable costs, fixed costs, total costs. Bridget...Ch. 2 - Variable and Fixed Costs. Consolidated Motors...Ch. 2 - Variable costs, fixed costs, relevant range. Gummy...Ch. 2 - Prob. 2.29ECh. 2 - Cost drivers and functions. The representative...Ch. 2 - Total costs and unit costs, service setting....Ch. 2 - Total and unit cost, decision making. Gayles...Ch. 2 - Inventoriable costs versus period costs. Each of...Ch. 2 - Computing cost of goods purchased and cost of...Ch. 2 - Cost of goods purchased, cost of goods sold, and...Ch. 2 - Flow of Inventoriable Costs. Renkas Heaters...Ch. 2 - Cost of goods manufactured, income statement,...Ch. 2 - Cost of goods manufactured, income statement,...Ch. 2 - Income statement and schedule of cost of goods...Ch. 2 - Interpretation of statements (continuation of...Ch. 2 - Income statement and schedule of cost of goods...Ch. 2 - Terminology, interpretation of statements...Ch. 2 - Labor cost, overtime, and idle time. David...Ch. 2 - Missing records, computing inventory costs. Ron...Ch. 2 - Comprehensive problem on unit costs, product...Ch. 2 - Prob. 2.46PCh. 2 - Cost classification; ethics. Paul Howard, the new...Ch. 2 - Prob. 2.48P
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