Total manufacturing costs incurred

Assignment Help Accounting Basics
Reference no: EM13137366

Hopkins Manufacturing Inc.'s accounting records reflect the following inventories:

Dec. 31, 2009 Dec. 31, 2010
Raw materials inventory $ 80,000 $ 64,000
Work in process inventory 104,000 116,000
Finished goods inventory 100,000 92,000

During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 2010 for Hopkins?

A) $992,000

B) $1,004,000

C) $988,000

D) $1,000,000

Reference no: EM13137366

Questions Cloud

Find the pdf of cost of the flour is proportional to y : Bakery is a random variable X that has an exponential distribution with mean equal to 4 tons. The cost of the flour is proportional to Y=3X+1.
Explain how each of the foregoing transactions is reported : Explain how each of the foregoing transactions is reported in the Kessinger County General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance.
Describe the law of diminishing marginal utility : Explain the law of diminishing marginal utility and Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
How many grams of o2 are required : Octane has a density of 0.692 g/mL at 20 degrees Celsius. How many grams of O2 are required to burn 1.00 gal of C8H18?
Total manufacturing costs incurred : During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 2010 for Hopkins?
Criminological theories of routine activity perspective : Explain the criminological theories of routine activity perspective and social learning theory. In what way do these criminological theories impact the issue of terrorism in the United States?
Calculate the percent yield for the reaction : Calculate the percent yield for the reaction: P4 (s) + 6 Cl2 (g) → 4 PCl3 (l) if 75.0 g of phosphorus reacts with excess chlorine gas to produce 111.0 g of phosphorus trichloride.
What percent of garages take between hours to erect : Approximately normally distributed with a mean of 32 hours and a standard deviation of 2 hours. What percent of the garages take between 30 and 34 hours to erect?
Prepare the general journal entry to record the issuance : Martin Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1, 2009. Interest is payable each June 30 and December 31. Prepare the general journal entry to record the issuance of the bonds on January 1, 2009.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Prepare a correct trial balance

Prepare a correct trial balance. (If answer is zero, please enter 0, do not leave any fields blank.)

  Accrual and cash basis accounting

What is the difference between accrual-basis accounting and cash-basis accounting? Why would politicians prefer the cash basis over the accrual basis?

  Net income and comprehensive income

Murphy Co. had 200,000 shares outstanding of $10 par common stock on March 30 of the current year. Murphy reacquired 30,000 of those shares at a cost of $15 per share and recorded the transaction using the cost method on April 15.

  Which would be considered a discontinued operation

An entity that is a franchiser in the quick-service restaurant business also operates company-owned restaurants that are unprofitable in a certain region and, as a result, the entity decides to exit both the quick-service business as well as the c..

  Interest earned on savings account for six months

A friend has $950 that has been saved from her part-time job. She will need her money-Calculate the interest earned on the savings account for six months.

  Rules of us taxation for claiming dependents

What is the age limitation for a student and a non student? What is the income limitation for a dependent? Who is a qualified child?

  Classifying items into variable and fixed costs

Which of the following is an example of a variable cost?

  Character of the gain or loss from disposition

What is the amount and initial character of the gain or loss from disposition of the real estate? Is any of the gain unrecaptured § 1250 (25%) gain?

  Constructively received income

Which of the following would be considered "constuctively received?"

  Preparing a statement of cash flows

In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect

  Evaluating capital investment proposals

The methods of evaluating capital investment proposals can be grouped into two general categories that can be referred to as (1) methods that ignore present value and (2) present values methods.

  Prepare the sales revenues section of the income

Milton Company provides this information for the month of November, 2007: sales on credit $150,000; cash sales $50,000; sales discount $2,000; and sales returns and allowances $8,000. Prepare the sales revenues section of the income statement base..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd