subject
Business, 07.10.2021 08:20 alejandro8212003

Raw materials were purchased on account, $690,000. Raw materials used in production, $641,800. All of of the raw materials were used as direct materials. The following costs were accrued for employee services: direct labor, $530,000; indirect labor, $150,000; selling and administrative salaries, $308,000. Incurred various selling and administrative expenses (e. g., advertising, sales travel costs, and finished goods warehousing), $457,000. Incurred various manufacturing overhead costs (e. g., depreciation, insurance, and utilities), $430,000. Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on all jobs during the year. Jobs costing $1,703,300 to manufacture according to their job cost sheets were completed during the year. Jobs were sold on account to customers during the year for a total of $3,510,000. The jobs cost $1,713,300 to manufacture according to their job cost sheets. 7. What is the ending balance in Work in Process?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:30
What two elements normally must exist before a person can be held liable for a crime
Answers: 1
question
Business, 22.06.2019 02:50
Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?
Answers: 1
question
Business, 22.06.2019 15:20
Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is
Answers: 2
question
Business, 22.06.2019 18:30
Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.
Answers: 3
You know the right answer?
Raw materials were purchased on account, $690,000. Raw materials used in production, $641,800. All o...
Questions
question
Engineering, 09.09.2020 20:01
question
Mathematics, 09.09.2020 20:01
Questions on the website: 13722365