Accounting need in 1hr

FratBro23
Category:
Accounting
Price: $20 USD

Question description

1. (TCO 2)

Juicy Manufacturing Corporation incurred the following costs.

Beginning direct materials inventory

 $19,200 

Beginning work-in-process inventory

 $8,400 

Beginning finished goods inventory 

 $22,800 

Ending direct materials inventory 

 $19,200 

Ending work in process 

 $16,800 

Ending finished goods 

 $31,200 

Factory supervisor's salary 

 $33,600 

Depreciation on plant 

 $14,400 

Sales 

 $960,000 

Selling and administrative expenses 

 $150,000 

Plant maintenance 

 $7,200 

Plant utilities 

 $13,200 

Direct material purchases 

 $258,000 

Direct labor 

 $288,000 

Required: Calculate the following.

a. Direct materials used

b. Cost of goods manufactured

c. Cost of goods sold

d. Operating income

2. (TCO 3)

Jack and Jill Manufacturing Inc. began the year with the following.

Units

Beginning work-in-process

 30,000 

30% complete

Transferred to finished goods

 50,000 

Ending inventory

 5,000 

60% complete

Materials added at the beginning of the process.

Required: Calculate the equivalent units for the following.

a. Materials costs under the weighted average process cost method

b. Conversion costs under the weighted average process cost method

c. Materials costs under the FIFO process cost method

d. Conversion costs under the FIFO process cost method

3. (TCO 8) Bones Company manufactures two products (X and Z).

Overhead costs have been divided into three cost pools that use the following activity drivers.

Product

# of Setups

Machine Hours

Packing Orders

X

20

1,000

50

Z

20

3,000

150

Cost per Pool

 $40,000 

 $75,000 

 $25,000 

a. What is the allocation rate for Product Z per setup using activity-based costing?

b. What is the allocation rate for Product Z per machine hours using activity-based costing?

c. What is the allocation rate for Product Z per packing order using activity-based costing?

need this in 1hr

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
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