Analysis of the accounts of chamberlin manufacturing

Assignment Help Accounting Basics
Reference no: EM13528603

An analysis of the accounts of Chamberlin Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2010.

520_Prepare the cost of goods manufactured schedule.PNG

Costs incurred: Raw materials purchases $54,000, direct labor $57,000, manufacturing overhead $19,900. The specific overhead costs were: indirect labor $5,500, factory insurance $4,000, machinery depreciation $4,000, machinery repairs $1,800, factory utilities $3,100, miscellaneous factory costs $1,500. Assume that all raw materials used were direct materials.

Instructions

(a) Prepare the cost of goods manufactured schedule for the month ended June 30, 2010

Reference no: EM13528603

Questions Cloud

Find your average speed for the entire trip : You drive 96km/h east for 29min , then 76km/h north for 46min . Let the +x-axis point east and the +y-axis north. Find your average speed for the entire trip
Find the peaks elevation : When driving west toward the Rocky Mountains, you see a peak 2.8^\circ above the horizon. Your GPS gives your current elevation as 1460m, Find the peak's elevation
Explain the mass of carbon dioxide added to the atmosphere : The methane (CH4) gas in a 10.00L container at 305oC and 101 kPa pressure was burned in excess oxygen. What is the mass of carbon dioxide added to the atmosphere from this combustion
What is minimum acceleration of the inclined plane : An inclined plane is sliding, and accelerating, on a horizontal frictionless surface. What is minimum acceleration of the inclined plane
Analysis of the accounts of chamberlin manufacturing : Analysis of the accounts of Chamberlin Manufacturing reveals the following manufacturing cost data for the month ended June 30, 2010.
What is the magnitude of the acceleration of a speck : What is the magnitude of the acceleration of a speck of clay on the edge of a potter's wheel turning at 45 rpm (revolutions per minute) if the wheel's radius is 25.6 cm
Explain what is the standard free energy of the cell : What is the standard free energy of the cell. Is this process spontaneous or non-spontaneous. It makes sense that in order to produce electricity, the plant's redox process should be spontaneous
Prepare an income statement for allstar for the past month : Prepare an income statement for Allstar for the past month - Allstar Exposure designs and sells advertising services to small, relatively unknown companies.
Compute all pros cost of goods manufactured for 2012 : Compute All Pros cost of goods manufactured for 2012

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the main types of asset being amortized

Answer the following questions based on the 2011 annual report of Proctor & Gamble Corporation (P&G). A link to the annual report is provided below. The financial statements are on pp. 31-74 of the annual report, and all questions can be answered ..

  Net increase or decrease in cost

It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??

  When examining payroll transactions an auditor is primarily

when examining payroll transactions an auditor is primarily concerned with the possibility ofa posting of gross

  Bond retirement-gain or loss

On February 1, 2008, Pat Weaver Inc. (PWI) issued 10%, $1,000,000 bonds for $1,116,000. PWI retired all of these bonds on January 1, 2009, at 102. Unamortized bond premium on that date was $92,800. How much gain or loss should be recognized on thi..

  Method for estimating market value of shareholders equity

Perhaps the best method for estimating the market value of shareholders' equity is to:

  Budgetary control system

Identify the problem that appear to exist in ferguson and sons manufacturing company's budgetary control system and explain how the problem are likely to reduce effectiveness of the system.

  Employers payroll taxes on the payroll

Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31.

  Probability distribution in research

Marketing share of mechanical watches where at an all time low of 5%. Research so far has indicated that the watches tend to fail three tests frequently and you need to recommend machines that need to be upgraded because they may be responsible fo..

  Prepare the journal entry to record the issuance

The financial statements for Jobe Inc. and Lake Corp., just prior to their combination, for the year ending December 31, 20X2, follow. Lake's buildings were undervalued on its financial records by $60,000.

  Contribution margin per unit-carver company

Carver Company produces a product which sells for $40. Variable manufacturing costs are $18 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit.

  Service company example international finance incorporated

Two-Variance Analysis: Service Company Example International Finance Incorporated issues letters of credit to importers for overseas purchases.

  The market value of lake corporations inventory has

the market value of lake corporations inventory has declined below its cost. sheryl conan the controller wants to use

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