Reference no: EM132572128
Yam What Yam incurred the following costs in manufacturing its signature Yam Juice.
Materials used in product $ 125,000
Advertising expense $45,000
Depreciation on factory 60,000
Property taxes on factory 19,000
Property taxes on retail store 7,500
Delivery costs 21,000
Labour costs of factory workers 110,000
Sales commissions 35,000
Lubricant for factory equipment 23,000
Salaries paid to sales clerks 50,000
Work in process inventory was $27,000 at the beginning of the period and $15,500 at the end of the period. Finished goods inventory was $65,000 at the beginning of the period and $50,600 at the end of the period.
Question 1: Prepare cost of goods manufactured schedule.
|
How management accounting may help in directing attention
: A group of doctors operates a joint surgery. Explain how management accounting may help in directing attention , keeping the score or solving problems.
|
|
Right network to conduct number of business functions
: The business owner needs to develop the right network to conduct a number of business functions including implementing email marketing and e-commerce,
|
|
Find the gross profit to be recognised for each years
: Find the gross profit to be recognised for each of the three years, assuming that the outcome of the contract can be reliably estimated
|
|
Determine the total amount of period costs
: Determine the total amount of period costs for 2019? Property taxes on head office building - $873. Office supplies - $503.Dispatcher's salary - $4,883
|
|
How to create cost of goods manufactured schedule
: Prepare cost of goods manufactured schedule. Work in process inventory was $27,000 at the beginning of the period and $15,500 at the end of the period.
|
|
Computer and internet security policy for organization
: Your job is to develop a very brief computer and internet security policy for the organization. Computer and email acceptable use policy
|
|
Make the journal entries to record the collection
: On 29 June, Kim Ltd, whose $2,400 account had been written off as uncollectable in June, paid its account in full. Make the journal entries to record collection
|
|
Biometrics is invasion of privacy
: Many people believe that the use of biometrics is an invasion of privacy. For example, an eye scanning device records the inner structure of a person's eye
|
|
Calculate expected costs to be incurred at new production
: Have a Brew-tiful Day expects to produce triple the amount of units next year. Calculate the expected costs to be incurred at the new production level.
|