Incomplete manufacturing cost data for ikerd company for

Assignment Help Accounting Basics
Reference no: EM13607471

Incomplete manufacturing cost data for Ikerd Company for 2012 are presented as follows for four different situations. Indicate the missing amount for each letter. Direct Materials Used Direct Labor Used Manufacturing Overhead Total Manufacturing Costs Work in Process 1/1 Work in Process 12/31 Costs of Goods Manufactured 1. $127,000 $140,000 $ 77,000 a $ $33,000 b $ $360,000 2. c 200,000 132,000 450,000 d 40,000 470,000 3. 80,000 100,000 e 245,000 60,000 80,000 f 4. 70,000 g 75,000 288,000 45,000 h 270,000 Complete the condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2012. (List amounts from largest to smallest e.g. 10, 5, 3, 2.)

Reference no: EM13607471

Questions Cloud

Determine the phase or phases in a system consisting of h2o : determine the phase or phases in a system consisting of h2o at the following conditions and sketch both the p-v and t-v
Mitch is in the 28 tax bracket he may receive a different : mitch is in the 28 tax bracket. he may receive a different tax benefit for a 2000 expenditure that is classified as a
2 mol of an idea gas 14 expands slowly and adiabatically : 2 mol of an idea gas 1.4 expands slowly and adiabatically from a pressure of 4 atm and a volume of 10 l to a final
Dr tooth is a 40-year old dentist in small town usa he : dr. tooth is a 40-year old dentist in small town usa. he graduated from dental school seven years ago and built a
Incomplete manufacturing cost data for ikerd company for : incomplete manufacturing cost data for ikerd company for 2012 are presented as follows for four different situations.
Determine the temperature oc and the total enthalpy kj when : a 14 l of rigid container is filled with 10 kg of r-134a at 300 kpa. determine the temperature oc and total enthalpy kj
Find the sampling distribution and pdfs of ysub1 and ysubn : find the sampling distribution and pdfs of ysub1 and ysubn for random samples of size n from a continous uniform
An ideal gas at temperature t0 is slowly com- pressed at : an ideal gas at temperature t0 is slowly com- pressed at constant pressure of 2 atm from a volume of 10 liters to a
In recent months there have been many news stories in the : in recent months there have been many news stories in the press about executive compensation with stock options. this

Reviews

Write a Review

Accounting Basics Questions & Answers

  Expenses and contributions in ngo

Lea Mediators, a not for profit religious organization suffered damages when a storm broke glass windows in Lea's building. A member of Lea's congregation, a professional glazier, replaced the windows at no charge. In Lea's statement of activities..

  A company issued 10-year 9 bonds with a par value of 500000

a company issued 10-year 9 bonds with a par value of 500000 when the market rate was 9.5. the issuer received 484087 in

  Assume that direct labor is a variable cost of the fixed

iwasaki inc. is considering whether to continue to make a component or to buy it from an outside supplier. the company

  If necessary the company will borrow cash from a bank the

the carlquist company makes and sells a product called product k. each unit of product k sells for 28 dollars and has a

  Peterman corporation uses different depreciation methods

peterman corporation uses different depreciation methods for accounting and tax purposes which result in a 60000

  Heesacker inc uses a process cost accounting system the

heesacker inc. uses a process cost accounting system. the following operating and cost data occurred during

  Arrangement for the partners and the partnership

Tory, Becky, Hal, and Jere form TBHJ Partnership as equal owners.

  Flexible-budget variances

Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1.

  Prepare the journal entry to record the estimated

During its first year of perations, Henley Company had credit sales of $3,000,000; $600,000 remained uncollected at year-end. The credit manager estimates that $35,000 of these receivables will become uncollectible.

  Percentage of receivables method

Why would you use the percentage of sales method for calculating doubtful accounts as opposed to the percentage of receivables method?

  The company is currently producing 40000 units per month a

consider the following information prepared based on a monthly capacity of 50000 unitscategorycost per unitvariable

  Investing activities section of the statement of cash flows

If a gain of $9,000 is incurred in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:

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