subject
Business, 08.05.2021 03:50 kaishasenat1986

Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 14,850 $ 22,850 Work in process $ 27,850 $ 9,850 Finished Goods $ 62,850 $ 77,850 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,850 machine-hours and incur $294,495 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $315,850. Raw materials were requisitioned for use in production, $307,850 ($280,150 direct and $27,700 indirect). The following employee costs were incurred: direct labor, $377,850; indirect labor, $96,850; and administrative salaries, $172,850. Selling costs, $147,850. Factory utility costs, $10,850. Depreciation for the year was $178,000 of which $171,000 is related to factory operations and $7,000 is related to selling, general, and administrative activities. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 34,170 machine-hours. Sales for the year totaled $1,315,000. Required: a. Prepare a schedule of cost of goods manufactured. b. Was the overhead underapplied or overapplied

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:10, nerdypineapple
What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?
Answers: 3
image
Business, 22.06.2019 19:20, kingo7
After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model
Answers: 1
image
Business, 23.06.2019 00:30, jaydanicole22
Industrial engineers who specialize in ergonomics are concerned with designing workspace and devices operated by workers so as to achieve high productivity and comfort. a paper published in this research area reports on a study of preferred height for an experimental keyboard with large forearm-wrist support. a sample of 31 trained typists resulted in an average preferred height of 80.0 cm
Answers: 1
image
Business, 23.06.2019 00:40, kate5582
Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
You know the right answer?
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balanc...

Questions in other subjects:

Konu
Mathematics, 19.03.2021 22:50
Konu
Geography, 19.03.2021 22:50
Konu
Mathematics, 19.03.2021 22:50