The following partially completed t-accounts summarize transactions for Faas Company during the year:
debit sidecredit side
raw materials: beg balance $8,200 & $500$6,600
finished goods: beg balance $5,100 & 22,70022,900
work in process: beg balance $3,600 & $5,000 &8,000& 9,100$22,700
manufacturing overhead: $1,600 & $4,100 & $3,300$9,100
wages and salaries payable: $17,200beg balance: $2,900& $12,100
cost of goods sold: $22,900
1. The Cost of Goods Manufactured was:
2. The direct labor cost was:
3. The direct materials cost was:
4. The manufacturing overhead applied was:
5. The manufacturing overhead was:
Answers: 3
Business, 22.06.2019 07:40, genyjoannerubiera
Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000
Answers: 1
Business, 22.06.2019 13:30, drippyc334
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 21:30, marlenerojas201
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
Answers: 1
The following partially completed t-accounts summarize transactions for Faas Company during the year...
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