Materials used in manufacturing OMR 60000 Materials used in primary packing OMR 10000 Materials used in selling the product OMR 1500 Materials used in the factory OMR 750 Administrative expenses OMR 1250 Depreciation on office building OMR 750 Depreciation on factory building OMR1750 Materials used in the office OMR 1250 Wages - production OMR 10000 Wages - factory supervision OMR 2000 Indirect expenses - factory OMR 1000 Selling expenses OMR 3500 Audit charges OMR 250

Materials used in manufacturing OMR 60000 Materials used in primary packing OMR 10000 Materials used in selling the product OMR 1500 Materials used in the factory OMR 750 Administrative expenses OMR 1250 Depreciation on office building OMR 750 Depreciation on factory building OMR1750 Materials used in the office OMR 1250 Wages - production OMR 10000 Wages - factory supervision OMR 2000 Indirect expenses - factory OMR 1000 Selling expenses OMR 3500 Audit charges OMR 250

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 5PA: Statement of cost of goods manufactured and income statement for a manufacturing company The...

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P Flag question According to the information given in the table below, which of the following is Cost of Goods Manufactured? Closing Stock of Work in Process (WIP) 19000 The Cost of Production 55800 22000 8500 Opening Stock of Work in Process (WIP) Direct labour cost Select one: a. 58800 b. 54600 C. 67300 d. 63500 Next page Previous page العربية الجليزية
Q 2From the following particulars of a manufacturing firm, prepare a statement showing: Materials used in manufacturing OMR 60000 Materials used in primary packing OMR 10000 Materials used in selling the product OMR 1500 Materials used in the factory OMR 750 Administrative expenses OMR 1250 Depreciation on office building OMR 750 Depreciation on factory building OMR1750 Materials used in the office OMR 1250 Wages - production OMR 10000 Wages - factory supervision OMR 2000 Indirect expenses - factory OMR 1000 Selling expenses OMR 3500 Audit charges OMR 250 Bank service charges OMR 100 Freight on materials purchased OMR 5000 Advertising Expenses OMR 1250 Profit OMR 25% on cost of production Calculate : (a) Prime Cost (b) Works Cost (c) Cost of Production (d) Cost of Sales and (e) Profit PLEASE ANSWER D AND E SUBPARTS
Q 2From the following particulars of a manufacturing firm, prepare a statement showing: Materials used in manufacturing OMR 60000 Materials used in primary packing OMR 10000 Materials used in selling the product OMR 1500 Materials used in the factory OMR 750 Administrative expenses OMR 1250 Depreciation on office building OMR 750 Depreciation on factory building OMR1750 Materials used in the office OMR 1250 Wages - production OMR 10000 Wages - factory supervision OMR 2000 Indirect expenses - factory OMR 1000 Selling expenses OMR 3500 Audit charges OMR 250 Bank service charges OMR 100 Freight on materials purchased OMR 5000 Advertising Expenses OMR 1250 Profit OMR 25% on cost of production Calculate : (a) Prime Cost (b) Works Cost (c) Cost of Production (d) Cost of Sales and (e) Profit PLEASE ANSWER FIRST A,B AND C SUBPART
Statement of cost of goods manufactured and income statement for a manufacturing company The following information is available for Robstown Corporation for 20Y8: Instructions 1. Prepare the 20Y8 statement of cost of goods manufactured. 2. Prepare the 20Y8 income statement.
0 jor pro se Used Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Data table Direct Materials Used: Direct Materials Used Print Other information: Depreciation, plant building and equipment Direct materials purchases Insurance on plant Sales salaries Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses Manufacturing Overhead: Cost of Goods Manufactured Beginning Ending $ Done Total Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Requirements 1. Use the information to prepare a schedule of cost of goods manufactured. 2. What is the unit product cost if Clark manufactured 4,380 lamps for the year? 57,000 $ 22,000 103,000 67,000 50,000 52,000 $ 4 Clark, Corp. Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 11,000 155,000 23,000 43,000 13,000 40,000 125,000 53,000 - X
Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured Beginning work in process inventory Direct materials used in production Manufacturing overhead applied to work in process Total manufacturing costs added to production What is the ending work in process inventory? Multiple Choice $158,800 $68,800 $98,800 $118,800 $ 158,000 $ 26,800 $ 50,000 $ 90,000 $ 200,000
A company reports the following information: Direct Labor Direct Materials Used Raw Materials Purchased Cost of Goods Manufactured Ending Work-in-Process Inventory Corporate Headquarters' Property taxes Manufacturing Overhead Incurred Calculate the beginning balance of Work-in-Process Inventory O $4,500 O $5,000 O $21.000 59.400 $6,000 3.000 9,000 13,000 1.400 900 400
According to the information given in the table below, which of the following is Cost of Goods Manufactured? Closing Stock of Work in Process (WIP) 21000 The Cost of Production 59300 Opening Stock of Work in Process (WIP) 24500 Direct labour cost 8500 Select one: а. 64600 Оb. 62800 c. 57300 d. 73500
Case N ° 3The industrial company Arica S.A. It treats a raw material A and a raw material B in Workshop 1. At the exit of this workshop a semi-finished or intermediate product is obtained that goes to the warehouse. This semi-finished product is treated again in Workshop 2, and when it leaves the finished products X and Y that enter the warehouse are produced. Regarding its economic organization, the company is divided into the following activity centers (two auxiliary and four main), which allow control over indirect costs: Administration, Energy, Purchasing, Workshop 1, Workshop 2 and Sales. I. Data common to general accounting and cost accounting: The data that constitute the starting situation of Cost Accounting are: a) Opening stocks: - Raw material A (12,000 kg): ¢ 25,200- Raw material B (36,000 kg): ¢ 95,400- Semi-finished product: nothing;- Product X (2,860 units): ¢ 33,088- Product Y (45 units): ¢ 950 b) Purchases of the period: - Raw material A: 24,000 kg at ¢ 2.10 per kg;-…
problem #3 manufacturing activities for 2018. The accounts have been adjusted, but have not yet Allocating Costs to Work in Process and Preparation of the Statement of Cost of Goods Madelon Lee Company's general ledger included the following items related to its Manufactured been closed: Raw Materials Inventory Work in Process Inventory Purchases-Raw Materials P 84,600 99,360 311,400 450,000 Direct Labor Indirect Labor 194,220 Factory Utilities Repairs and Maintenance-Factory Equipment Rent Expense-Factory Building Property Taxes-Factory Site Factory Insurance Expense Factory Supplies Expense Depreciation Expense-Factory Equipment 109,440 30,060 84,600 19,260 16,020 34,920 82,800 Amortization of Patents 13,680 In addition, the ending inventory of raw materials is known to be P91,080. The ending inventory of Work in Process is not known, but it is known that the company makes a single product and 4,500 units of goods were in process on Dec. 31, 2018. Each unit contained an estimated P18…
P-M:1-37B Preparing a schedule of cost of goods manufactured and an income statement for a manufacturing company Chewy Bones manufactures its own brand of pet chew bones. At the end of December 2024, the accounting records showed the following: Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Direct materials purchases Plant janitorial services Sales salaries Delivery costs Net sales revenue Utilities for plant Rent on plant Customer service hotline costs Direct labor Beginning $ 13,400 0 0 Ending $ 10,500 1,500 5,400 $ 39,000 900 5,100 1,700 115,000 1,200 9,000 1,600 16,000 Requirements 1. Prepare a schedule of cost of goods manufactured for Chewy Bones for the year ended December 31, 2024. 2. Prepare an income statement for Chewy Bones for the year ended December 31, 2024. 3. How does the format of the income statement for Chewy Bones differ from the income statement of a merchandiser? 4. Chewy Bones manufactured 17,500 units of its…
Inventorles Materials Work in process Finished goods Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Materials purchased Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies-factory Miscellaneous costs-factory January 1 December 31 $335,730 $416,310 604,310 580,810 566,180 578,670 $282,670 39,970 53,700 641,120 21,230 74,940 628,630 219,400 17,490 36,220 29,560 2,943,310 361,360 14,570 9,160 Required: 1. Prepare the statement of cost of goods manufactured.