User Account

All Pages

An analysis of the accounts of roberts company reveals

Assignment Help Accounting Basics
Reference no: EM131788512

Exercise 1 An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2014.

Inventories Beginning Ending
Raw materials $9,740 $15,840
Work in process 5,780 9,030
Finished goods 9,740 6,480

Costs incurred: raw materials purchases $58,000, direct labor $49,940, manufacturing overhead $23,490. The specific overhead costs were: indirect labor $6,770, factory insurance $4,160, machinery depreciation $4,390, machinery repairs $2,540, factory utilities $3,690, miscellaneous factory costs $1,940. Assume that all raw materials used were direct materials.

Prepare the cost of goods manufactured schedule for the month ended June 30, 2014.

Reference no: EM131788512

Questions Cloud

Public accessory and matador function members : If it is necessary to implement an operation with a function that is external to the class, it is better to provide access to the private data members.
Which product should select using net present value analysis : Payne Medical Labs is evaluating two new products to introduce into the marketplace. Product 1 (a new form of plaster cast) is relatively low in risk.
What are the three financial ratio classifications : What are the three financial ratio classifications. Please tell what they are and what they measure. Pick one ratio in particular that you find to be important
Define the private portion of a class to model : To test these classes, you should write driver programs as instructed in Programming Problems 1-6 at the end of this chapter.
An analysis of the accounts of roberts company reveals : An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June
Riskiness and the relative uncertainty of cash flows : Highland Mining and Minerals Co. is considering the purchase of two gold mines. Only one investment will be made. The Australian gold mine will cost $1,600,000.
Which apartment complex has more risk : Mr. Sam Golff desires to invest a portion of his assets in rental property. He has narrowed his choices down to two apartment complexes.
Calculate bethlehems margin : Its December 31 balance sheet reported only $538,200 in assets, Calculate Bethlehem's margin
What amount is deductible on johnnys tax return : Johnny Moreno travels from New York to Miami on business. What amount is deductible on Johnny's tax return for travel expenses related to the above activities?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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