Compute the total manufacturing costs

Assignment Help Financial Accounting

Reference no: EM13748758

Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw materials inventory, January 1 $ 30,000 Raw materials inventory, December 31 60,000 Work in process, January 1 27,000 Work in process, December 31 18,000 Finished goods, January 1 60,000 Finished goods, December 31 48,000 Raw materials purchases 1,500,000 Direct labor 690,000 Factory utilities 225,000 Indirect labor 75,000 Factory depreciation 500,000 Operating expenses 630,000

Reference no: EM13748758

Questions Cloud

What was rasputin''s role in the coming of russian revolution : What was Rasputin's role in the coming of the Russian Revolution? What caused the Russian people to revolt against the czar in March 1917?

Calculate the total payment for apples and watermelon : Unlimited Pickers is a group of workers who have joined together to provide harvesting services to farmers who need to have their crops brought in. Create a query to calculate the payment for each picking for grapes and strawberries

What is the maximum amount of money : What is the monetary certainty equivalent for the following gamble: gain $130 with probability 0.4, lose $320 with probability 0.6 - what is the risk premium in explain the concept of a risk premium in addition to calculating its value for a) - What ..

Process inventory for a process cost accounting system : Consider how an individual could manipulate reported earnings by misstating the ending work's degrees of completion in the process inventory for a process cost accounting system. Also, consider the ease with which this situation could continue, witho..

Compute the total manufacturing costs : Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw materials inventory, January 1 $ 30,000 Raw materials inventory, December 31 60,000 Work in process, January 1 27,000 Wor..

The systems model of change were affected by the changes : Which of the target elements of change within the systems model of change were affected by the changes at HCL?

Overhead to production at a predetermined rate : Simmons Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of $7,200. What was the amount of dir..

Equivalent units for july : Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are: Materials Conversion Work in process, July 1 $ 3,200 $ 1,500 Costs added in July 25,200 21,000 The unit production c..

Complete the contributions grid : Complete the Contributions Grid by describing the contributions of the three groups of peoples, Native Americans, Europeans, and Africans, to the creation of the British North American Colonies.

User Account

All Pages