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faonmoom blla ten Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $56,200 of indirect materials)... . . Direct labor (including $84,400 maintenance salaries). Factory overhead: $ 607,500 562,500 Supervisor salaries. Heat, light, and power. 517,500 140,650 Sales salaries.. 348,750 Promotional expenses.... 315,000 Insurance and property taxes-plant 151,900 pc coter Btoncr 219,400 Insurance and property taxes-corporate offices. Depreciation-plant and equipment Depreciation-corporate offices 123,750 90,000 (bwo couA Total .. $3,076,950 ఏం EX 18-10 OBJ. 4 Financial statements of a manufacturing firm Va. Net income, $145,000 The following events took place for Digital Vibe Manufacturing Company during January, A the first month of its operations as a producer of digital video monitors: e O oil ylds a. Purchased $168,500 of materials. -> Show Me How b. Used $149,250 of direct materials in production. C. Incurred $360,000 of direct labor wages. d. Incurred $120,000 of factory overhead. e. Transferred $600,000 of work in process to finished goods. eanto to a f. Sold goods for $875,000. g. Sold goods with a cost of $525,000. h. Incurred $125,000 of selling expense. i. Incurred $80,000 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. OBJ. EX 18-11 Manufacturing company balance sheet Additives Company at August 31 are as follows:

faonmoom blla ten Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $56,200 of indirect materials)... . . Direct labor (including $84,400 maintenance salaries). Factory overhead: $ 607,500 562,500 Supervisor salaries. Heat, light, and power. 517,500 140,650 Sales salaries.. 348,750 Promotional expenses.... 315,000 Insurance and property taxes-plant 151,900 pc coter Btoncr 219,400 Insurance and property taxes-corporate offices. Depreciation-plant and equipment Depreciation-corporate offices 123,750 90,000 (bwo couA Total .. $3,076,950 ఏం EX 18-10 OBJ. 4 Financial statements of a manufacturing firm Va. Net income, $145,000 The following events took place for Digital Vibe Manufacturing Company during January, A the first month of its operations as a producer of digital video monitors: e O oil ylds a. Purchased $168,500 of materials. -> Show Me How b. Used $149,250 of direct materials in production. C. Incurred $360,000 of direct labor wages. d. Incurred $120,000 of factory overhead. e. Transferred $600,000 of work in process to finished goods. eanto to a f. Sold goods for $875,000. g. Sold goods with a cost of $525,000. h. Incurred $125,000 of selling expense. i. Incurred $80,000 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. OBJ. EX 18-11 Manufacturing company balance sheet Additives Company at August 31 are as follows:

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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18-10 letters A and B with explanations please

faonmoom blla ten Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $56,200 of indirect materials)... . . Direct labor (including $84,400 maintenance salaries). Factory overhead: $ 607,500 562,500 Supervisor salaries. Heat, light, and power. 517,500 140,650 Sales salaries.. 348,750 Promotional expenses.... 315,000 Insurance and property taxes-plant 151,900 pc coter Btoncr 219,400 Insurance and property taxes-corporate offices. Depreciation-plant and equipment Depreciation-corporate offices 123,750 90,000 (bwo couA Total .. $3,076,950 ఏం EX 18-10 OBJ. 4 Financial statements of a manufacturing firm Va. Net income, $145,000 The following events took place for Digital Vibe Manufacturing Company during January, A the first month of its operations as a producer of digital video monitors: e O oil ylds a. Purchased $168,500 of materials. -> Show Me How b. Used $149,250 of direct materials in production. C. Incurred $360,000 of direct labor wages. d. Incurred $120,000 of factory overhead. e. Transferred $600,000 of work in process to finished goods. eanto to a f. Sold goods for $875,000. g. Sold goods with a cost of $525,000. h. Incurred $125,000 of selling expense. i. Incurred $80,000 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. OBJ. EX 18-11 Manufacturing company balance sheet Additives Company at August 31 are as follows:
Transcribed Image Text:faonmoom blla ten Marching Ants Inc. Manufacturing Costs For the Quarter Ended June 30 Materials used in production (including $56,200 of indirect materials)... . . Direct labor (including $84,400 maintenance salaries). Factory overhead: $ 607,500 562,500 Supervisor salaries. Heat, light, and power. 517,500 140,650 Sales salaries.. 348,750 Promotional expenses.... 315,000 Insurance and property taxes-plant 151,900 pc coter Btoncr 219,400 Insurance and property taxes-corporate offices. Depreciation-plant and equipment Depreciation-corporate offices 123,750 90,000 (bwo couA Total .. $3,076,950 ఏం EX 18-10 OBJ. 4 Financial statements of a manufacturing firm Va. Net income, $145,000 The following events took place for Digital Vibe Manufacturing Company during January, A the first month of its operations as a producer of digital video monitors: e O oil ylds a. Purchased $168,500 of materials. -> Show Me How b. Used $149,250 of direct materials in production. C. Incurred $360,000 of direct labor wages. d. Incurred $120,000 of factory overhead. e. Transferred $600,000 of work in process to finished goods. eanto to a f. Sold goods for $875,000. g. Sold goods with a cost of $525,000. h. Incurred $125,000 of selling expense. i. Incurred $80,000 of administrative expense. Using the information given, complete the following: a. Prepare the January income statement for Digital Vibe Manufacturing Company. b. Determine the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory balances at the end of the first month of operations. OBJ. EX 18-11 Manufacturing company balance sheet Additives Company at August 31 are as follows:
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