Business, 25.02.2021 18:50, mokunola16

The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 15,000
Indirect labor 130,000
Property taxes, factory 8,000
Utilities, factory 70,000
Depreciation, factory 240,000
Insurance, factory 10,000
Total actual manufacturing overhead costs incurred $ 473,000
Other costs incurred:
Purchases of raw materials (both direct and indirect) $ 400,000
Direct labor cost $ 60,000
Inventories:
Raw materials, beginning $ 20,000
Raw materials, ending $ 30,000
Work in process, beginning $ 40,000
Work in process, ending $ 70,000
Manufacturing Overhead
Actual Overhead Applied Overhead
$473,000 $485,000
$12,000 was overapplied
Prepare a schedule of cost of goods manufactured for the year.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, ktenz

Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?

Answers: 1

continue

Business, 22.06.2019 10:50, dbhuggybearow6jng

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?

Answers: 2

continue

Business, 22.06.2019 13:00, ksteele1

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

continue

Business, 22.06.2019 19:00, chloesmolinski0909

Why is accountability important in managing safety

Answers: 2

continue

Do you know the correct answer?

The following cost data relate to the manufacturing activities of Chang Company during the just comp...