User Account

All Pages

All raw materials are considered to the manufacturing

Assignment Help Accounting Basics
Reference no: EM13601076

Lang Productions had the following beginning and ending inventory balances for April 2009.

  • 4/1/09 4/30/09
  • Raw material Inventory $18,000 $20,800
  • Work in Process inventory 85,200 50,800
  • Finished Goods Inventory 43,200 14,700

All raw materials are considered to the manufacturing process. During April, the company purchased $260,000 of raw materials. Direct labor cost for the month was $342,000; workers are paid $9.50 per hour. Overhead is applied at the rate of $12.50 for each direct labor hour.

(a) Prepare the Schedule of Cost of Goods Manufactured.
(b) Calculate Cost of Goods Sold for April 2009.

Reference no: EM13601076

Questions Cloud

During the current year patton consulting group aquired : during the current year patton consulting group aquired long-term available-for-sale securities at a 35000 cost. at
A manufacturing company producing medical devices reported : a manufacturing company producing medical devices reported 60000000 in sales over the last year. at the end of the same
In 2010 natural selection a nationwide computer dating : in 2010 natural selection a nationwide computer dating service had 500 million of assets and 200 million of
During the year the company produced 24000 units and sold : the ireland company manufactures and sells a single product. the following costs were incurred during the companys
All raw materials are considered to the manufacturing : lang productions had the following beginning and ending inventory balances for april 2009. 4109 43009 raw material
What organizations are responsible for governing financial : what organizations are responsible for governing financial reporting and what is the role of each organization? how
What are the main objectives of financial reporting and : what are the main objectives of financial reporting and who uses financial reporting? what type of information will
Acme inc sells its product for 45 the variable cost per : cost-volume-profit analysis is used to analyze the relationship between revenues variable costs fixed costs profits and
What is the break-even point for snoknoesif the owner wants : snokones has the following cost structure. selling price per unit 1.50 variable cost per unit 0.45 fixed costs per

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the actual selling price of quick bricks bricks if

the quick brick shop had an unfavorable sales price variance of 300. the budgeted selling price was 25 per unit and 65

  Revenue for a given year explain

How does the electric company know its revenue for a given year? Explain.

  E-commerce creates its own risks and therefore special

e-commerce creates its own risks and therefore special internal controls. 1 identify and explain one pitfall and one

  Hme improvement company a retail home store has two major

home improvement company a retail home store has two major divisions-outdoors and indoors. here is the data on their

  Warrens earnings per share

On March 1, 2009, Warren sold 30 million common shares. In keeping with its long-term share repurchase plan, 2 million shares were retired on June 30. Warren's net income for the year ended December 31, 2009, was $1,050,000,000. The income tax rat..

  At the end of the prior year the fair value of the security

a companys portfolio of available-for-sale securities consists of the common stock of one company. at the end of the

  Suppose the standard for a given cost during a period was

suppose the standard for a given cost during a period was 80000. the actual cost for the period was 72000. under what

  Report bond interest expense problem

The bonds were sold for $177,000, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2009, in the amount of:

  Ray seo has 5000 to invest in a small business venture his

ray seo has 5000 to invest in a small business venture. his partner has promised to pay him back 8200 in five years.

  Prepare a statement of comprehensive income

Prepare a statement of comprehensive income, using the two-income statement format. Ignore income taxes and earnings per share.

  Determining arying and fixed costs

What issues will create variances within a company? What other information can we derive from our variance analysis? What expenses would you imagine to be fixed in nature?

  Investment in pirates corporation stock

There were no other transactions between the two companies. Ignoring income taxes, Mets' statement of income for the year ended December 31, 2011, should include "Income From Investment in Pirates Corporation Stock" in the amount of:

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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