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 20:30
Suppose the price of a complement to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs?
Answers: 1
question
Business, 22.06.2019 11:00
Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following monthโ€™s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.
Answers: 3
question
Business, 22.06.2019 13:20
Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?
Answers: 3
question
Business, 22.06.2019 19:00
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
Answers: 2
You know the right answer?
Raw materials were purchased on account, $690,000. Raw materials used in production, $641,800. All o...
Questions
question
Mathematics, 15.07.2019 13:00
Questions on the website: 13722365