User Account

All Pages

Calculate the total of direct materials cost

Assignment Help Accounting Basics
Reference no: EM131570483

Problem -

Assume the manufacturer of upholstered furniture incurs the following cost:

Carpenter's and lathe operators' wages ............................................................ $460,000             

Quality control inspectors' wages........................................................................180,000             

Office depreciation ..........................................................................................170,000             

Advertising .......................................................................................................35,000             

Fabric placed into production .............................................................................520,000              

Wood placed into production ...............................................................................310,000             

Miscellaneous factory supplies .................................................................................7,000             

Factory taxes and insurances ...............................................................................80,000             

Upholsterer's wages ..........................................................................................200,000             

Factory Manager's salaries .................................................................................80,000             

Rent for sales in showroom ..................................................................................18,000             

Sales salaries and commissions ...........................................................................120,000             

Factory depreciation ..........................................................................................250,000

Require:

a. Calculate the total of direct materials cost incurred during period.

b. Calculate the total of direct labor cost insecure during period.

Reference no: EM131570483

Questions Cloud

Prepared the income statement for the company : The following information is taken from December 31, 2015, adjusted Trial Balance, Prepared the 2015 Income statement for the company
Solve the given problem using dirichlet theorem : Use Dirichlet's theorem, which states there are infinitely many primes in every arithmetic progression ak + b where gcd(a, b) = 1.
Describe the nature of the work : Describe your perception about the opportunity to explore the particular area of respiratory care. Was this enough time? Why or why not?
Reducing readmissions in hospitals : Hospital readmissions happen when patients have been admitted to a healthcare facility within one month after being discharged from earlier hospitalization.
Calculate the total of direct materials cost : Calculate the total of direct materials cost incurred during period. Calculate the total of direct labor cost insecure during period
Explain the goldbach conjecture : Show that Goldbach's conjecture, which states that every even integer greater than 2 is the sum of two primes, is equivalent to the statement.
Explain what meaning the author suggested or connoted : Summarizing your example, explaining what meaning the author suggested or connoted when using the word; follow this by arguing why this is incorrect.
What are some of the risks and opportunities : What are some of the risks and opportunities under the health care reform act?
Comprehensive hr learning assessment-research paper : The written paper is to provide you with an opportunity to gain depth of knowledge in an area of human resources (

Reviews

Write a Review

Accounting Basics Questions & Answers

  All of the following qualitative considerations might

all of the following qualitative considerations may impact upon capital investments analysis excepta. time value of

  The completed valves and the valves in ending inventory

Allocate the total costs between the completed valves and the valves in ending inventory.

  What possible motivation might a business manager

What possible motivation might a business manager have for perpetrating fraud?

  Opportunity cost of purchase of land

A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:

  Your firm is considering the purchase of a new bus to

your firm is considering the purchase of a new bus to replace the one they have in use which cost 17000 five years

  How would that income be measured

Can you explain how to determine whether gallery should treat the donation as income? Further if donation is treated as income, how would that income measured

  What is pickett tie ratio

The H. R. Pickett Corporation has $500,000 of debt outstanding, and it pays an interest rate of 10 percent annually: Pickett's annual sales are $2 million.

  Orosco supply co has the following transactions related to

orosco supply co. has the following transactions related to notes receivable during the last 2 months of 2011.nov. 1

  When estimating cash flows for capital budgeting projects

When estimating cash flows for capital budgeting projects? If Company F and Company G merge and become Company F, what happens to the stockholders of Company G?

  On june 3 hunt company sold to ann mount merchandise having

on june 3 hunt company sold to ann mount merchandise having a sales price of 12000 with terms of 310 n60 f.o.b.

  Esther pays 355 per month for 6 years for a car she made a

esther pays 355 per month for 6 years for a car. she made a down payment of 2500. if the loan costs 7.1 per year

  Determine how much of the remaining liability should be paid

Assume that the Tuttle, Ritter, and Lee partnership of Exercise is a limited partnership. Tuttle and Ritter are general partners and Lee is a limited partner.

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