Accounts PayableAccounts ReceivableAccumulated Depreciation - MachineryAccumulated Depreciation - Office EquipmentAccumulated Depreciation - Store EquipmentAllowance for Doubtful AccountsCashCommissions IncomeDepreciation - MachineryDepreciation - Office EquipmentDepreciation - Store EquipmentDoubtful Accounts ExpenseFactory Payroll (60% direct, 40% indirect)Finished Goods Inventory, Mar 1Finished Goods Inventory, Mar 31Interest IncomeMachineryNotes ReceivableOffice EquipmentOffice SalariesOther Costs (30% factory, 40% store, 30% office)Prepaid Insurance ExpenseR. Biff, Capital, Mar 1R. Biff, DrawingRaw Materials Inventory, Mar 1Raw Materials Inventory, Mar 31Raw materials purchasesRent (60% factory, 20% store, 20% office)Repairs and Maintenance (60% factory, 40% office)Salaries and Wages PayableSalesSales DiscountSales Returns and AllowancesStore EquipmentStore SalariesSupplies Inventory (50% factory, 30% store, 20% office)Supplies Used (40% factory, 30% store, 30% office)Unearned Sales RevenueUtilities (70% factory, 20% store, 10% office)Utilities PayableWork-in-Process Inventory, Mar 1Work-in-Process Inventory, Mar 31P 76,000320,00052,00026,00024,00016,000488,00045,00027,00013,00012,00014,000400,00040,00037,0003,000520,00050,000240,000156,00030,00060,000???85,00039,00046,000187,000100,00023,00060,0001,500,00021,00015,000130,000234,00020,00048,00050,000170,00046,00061,00065,000 EXERCISE 6. Financial Statements - normal.Refer to Exercise 5.Assuming normal cost system and the company applies manufacturing overhead cost at 170%of direct labor cost.(105) How much is the manufacturing overhead cost? Solution is required. Upload thesolution.

Manufacturing Overhead Cost :— It is the sum of indirect costs incurred in the manufacturing of…

EXERCISE 6. Financial Statements - normal. Refer to Exercise 5. Assuming normal cost system and the company applies manufacturing overhead cost at 170% of direct labor cost. (105) How much is the manufacturing overhead cost? Solution is required. Upload the solution.

EXERCISE 6. Financial Statements - normal. Refer to Exercise 5. Assuming normal cost system and the company applies manufacturing overhead cost at 170% of direct labor cost. (105) How much is the manufacturing overhead cost? Solution is required. Upload the solution.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter9: Working Capital

Section: Chapter Questions

Problem 24E

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