Business, 04.07.2020 01:01 jasminelockhart432

Countertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information for production last period: Beginning Work in Process Inventory $25,000
Ending Work in Process Inventory $30,000
Beginning Materials Inventory $16,000
Ending Materials Inventory $14,000
Materials Purchased $205,000
Direct Labor $65,000
Indirect Labor $20,000
Indirect Materials Used $55,000
Factory Rent $35,000
Utilities (Rent and Utilities relate to production facilities) $15,000
Office Supplies $10,000
Administrative Salaries $105,000

Assuming that all manufacturing overhead was applied to Work in Process inventory, Total Manufacturing Costs for the period was:

a. $217,000
b. $125,000
c. $342,000
d. $367,000
e. None of the above

Answers: 2

Show answers

Answers

Answer from: jessb9583

c. $342,000

Explanation:

Prepare a Manufacturing Cost Schedule to determine the Total Manufacturing Costs.

Manufacturing Cost Schedule :

Direct Material used ($207,000 - $55,000) $152,000

Direct Labor $65,000

Indirect Labor $20,000

Indirect Materials Used $55,000

Factory Rent $35,000

Utilities (Rent and Utilities relate to production facilities) $15,000

Total Manufacturing Costs $342,000

Raw Materials T - Account (calculation of materials transferred to production)

Debit :

Opening Balance $16,000

Purchases $205,000

Totals $221,000

Credit :

Closing Balance $14,000

Transferred to Work In Process (Balancing figure) $207,000

Totals $221,000

Conclusion :

Total Manufacturing Costs for the period was : $342,000

Answer from: Quest

i think the answer would be b hope this

Answer from: Quest

i think it is sales-oriented, but i am not sure

Another question on Business

Business, 22.06.2019 01:30

Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease

Answers: 2

Answer

Business, 22.06.2019 08:00

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit

Answers: 2

Answer

Business, 22.06.2019 11:00

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement

Answers: 3

Answer

Business, 22.06.2019 11:30

Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment

Answers: 3

Answer

You know the right answer?

Countertops Unlimited, a manufacturer of kitchen and bath countertops, had the following information...

Questions