Business, 19.02.2020 03:29, diiamondgraham1

Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for June: Materials June 1 Balance 38,900 June 30 Requisitions (A) June 30 Purchases 156,200 Work in Process June 1 Balance (B) June 30 Completed jobs (C) June 30 Materials (D) June 30 Direct labor (E) June 30 Factory overhead applied (F) Finished Goods June 1 Balance 0 June 30 Cost of goods sold (G) June 30 Completed jobs (H) Wages Payable June 30 Wages incurred 127,500 Factory Overhead June 1 Balance 22,000 June 30 Factory overhead applied (I) June 30 Indirect labor (J) June 30 Indirect materials 20,800 June 30 Other overhead 66,900

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:10, mikailah0988

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Answers: 3

continue

Business, 22.06.2019 17:30, gabedafame26

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?

Answers: 2

continue

Business, 22.06.2019 19:10, lizzlegnz999

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

Answers: 2

continue

Business, 22.06.2019 19:30, jaybeast40

Oz makes lion food out of giraffe and gazelle meat. giraffe meat has 18 grams of protein and 36 grams of fat per pound, while gazelle meat has 36 grams of protein and 18 grams of fat per pound. a batch of lion food must contain at least "46,800" grams of protein and 70,200 grams of fat. giraffe meat costs $1/pound and gazelle meat costs $2/pound. how many pounds of each should go into each batch of lion food in order to minimize costs? hint [see example 2.]

Answers: 1

continue

Do you know the correct answer?

Analyzing Manufacturing Cost Accounts Fire Rock Company manufactures designer paddle boards in a wid...