Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used? O a. $30,000 O b. $55,000 c. $75,000 Od. $5,000
Q: None
A: That's right! The cost of the guitar to James is $83.40 (option B).Here's how we can find the cost…
Q: None
A: The formula for annual depreciation expense using the straight-line method is (cost - salvage value)…
Q: Elite Products Inc. manufactures fuel injection systems for high performance V8 engines. The systems…
A: Elite Products Inc Contribution Margin Income Statement After Accepting the contract…
Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed…
A:
Q: The Gourmand Cooking School runs short cooking courses at its small campus. Management has…
A: Flexible budget performance is used to compare the actual and flexible budget data. Solving for…
Q: My company uses job-order costing. At the beginning of the year, it made the following estimates:…
A: Accounting for Factory OverheadFactory overhead, also known as manufacturing overhead, refers to all…
Q: Please fill in this chart
A: Step 1:a)We have to calculate the net present value of the projects. The formula of the net present…
Q: None
A: Step 1: Definition of Asset Turnover RatioThis ratio explains the contribution of assets to…
Q: Provide Answer Without Fail And provide With Definition
A: Automated Crepe maker , a new product is being introduced at Knutt CorporationEstimated Sales is…
Q: None
A: Step 1: Requirement 1 Requirement 1:-aVariable Overhead Cost (Price) Variance :- Variable…
Q: 5. Corporation Analysis Background Information: World Cup Rugby Inc. is authorized to issue an…
A: First, we need to calculate the dividend you would receive from a cash dividend. The company has…
Q: Provide Answer pls
A: 1. Direct Materials Price Variance (MPV):MPV=(Actual Price−Standard Price)×Actual Quantity…
Q: Suppose that you have been given a summer job as an intern at Issac Aircams, a company that…
A: Reference: Murphy, C. B. (2022, April 7). Period Costs vs. Product Costs: What's the…
Q: Items are submitted for inspection in lots of size 12000 using ANSI/ASQC Z1.4 (a.k.a.…
A: Part (a): Determine Sampling Plans, Inspection Types, and Lot Acceptance/RejectionGiven Data:Lot…
Q: After calculating WACC for determining the required rate of return a corporation must achieve on a…
A: An additional percentage may be added to the Weighted Average Cost of Capital (WACC) calculation to…
Q: Please Provide Correct answer about this Question
A: if you have any doubt please comment
Q: Primare Corporation has provided the following data concerning last month's manufacturing…
A: Step 1:1) Schedule of Cost of Goods Manufactured for the month A schedule of costs for goods…
Q: Thank you ...
A: Step 1: Calculate Average Total AssetsAverage Total Assets = (Beginning Total Assets + Ending Total…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Alternative AAlternative BGiven the following:R= 10%n= 10 years Let Uniform Annual Cost =…
Q: None
A: Step 1:Translate given:Which of the following is not a type of adjusting entry? a) Accrued expenses…
Q: None
A: TRANSACTIONNOTES/EXPLANATIONa)I supposed when the supplies were purchased, the entry made was debit…
Q: At December 31, 2015, Albrecht Corporation had outstanding 253,000 shares of common stock and 16,000…
A: Absolutely, I can help you calculate Albrecht's net loss per share for the year ended December 31,…
Q: JSM Ltd. sold $6,010,000 of 8% bonds, which were dated March 1, 2023, on June 1, 2023. The bonds…
A: To calculate the issue price of the bonds, we need to use the present value (PV) formula. The PV…
Q: None
A: The best feature to activate to reward loyal customers with a reduction of 5% on their invoices is…
Q: None
A: Step 1: Calculate Total Assets for 2027.Total Assets = $12,000 million. Step 2: Calculate the…
Q: None
A: Given information, Sales = $2,000,000Cost of goods sold = $200,000 Calculate the company's gross…
Q: Machine Replacement Decision A company is considering replacing an old piece of machinery, which…
A: Required (a)Differential AnalysisContinue with Old Machine (Alt. 1) or Replace Old Machine (Alt.…
Q: Use the Graph in the picture To answer the following Question . (100words) Scenario: You have been…
A: From 2007 to 2029, the graph demonstrates a distinct upward trend in revenue for cafes and coffee…
Q: AAA Hardware uses the LIFO method to value its inventory. Inventory at the beginning of the year…
A: Effect of Additional Purchase on Income Before Taxes1. LIFO Method:With LIFO (Last-In-First-Out),…
Q: None
A: Step 1: Introduction to Accounting Books:Accounting books are the company's fiscal records from…
Q: However, conducting a financial statement analysis does provide a better understanding of the…
A: Step 1:Ratio analysis is a financial analysis tool that helps in comparing the financial position of…
Q: Munoz Manufacturing produces two keyboards, one for laptop computers and the other for desktop…
A: Activity Costs for Laptops:Materials receiving & handling: 2% of $6,500 = 0.02 * 6,500 =…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Working Note 1 : Freeman Additional Common Stock Issued : Beginning common stock = Beginning…
Q: Week |1 2 LC% 30% 60% 3 70% 4 80% 5 6 90% 100% A new equipment was installed, and we estimate this…
A: The learning curve, also known as the experience curve, represents the improvement in efficiency of…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: The income statement for the month of June 2021 of Kingbird Enterprises shows the following…
Q: None
A: Detailed explanation:Cost of the building, $ 900,000. Useful life 25 years.Double declining method…
Q: Regal Company acquired a delivery truck on 2009 January 2, for $107,200. The truck had an estimated…
A: To compute the depreciation charge or the depreciation expense using straight-line method, we will…
Q: Windsor Inc. manufactures cycling equipment. Recently, the company's vice-president of operations…
A: To provide the numerical solutions for Windsor Inc.'s bond pricing, I will calculate the prevailing…
Q: Cantel Company produces cleaning compounds for both commercial and household customers. Some of…
A: Cantel Company Production Analysis1. Minimum Units of SilPol for Justification:Cost of GR37 per unit…
Q: Want Correct choice
A: Given dataLong-term debt / Total Assets = 0.37 => Long-term debt = 0.37*Total Assets Current…
Q: Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial…
A: Required 1entry 1debit the service revenue acct to close it, 55600credit income summary, a temporary…
Q: BB Home Insert A Page Layout Formulas Data Review View B C D E F SUPPORT 1 DEPARTMENTS OPERATING…
A: Answer information:Step 1:The cost allocation is the subject of the question. The process of…
Q: My Company’s relevant range of production is 27,000 to 29,000 units. When it produces and sells…
A: Fixed costs are constant in total but they change per unit as level of production changes. The given…
Q: Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the…
A: Answer information:Step 1:Req 1: Posting the above given transactions to the T-Accounts: Req 1:…
Q: Cost Flow Methods The following three identical units of Item JC07 are purchased during April: April…
A: To determine the gross profit and ending inventory using different cost flow methods, we will go…
Q: None
A: To calculate the Earnings Per Share (EPS) for 2024 and 2025, we need to follow these steps:1.…
Q: 1. What are the direct cost of a manufactured product? A) All Cost that are incurred in…
A: Direct costs include expenses that can be specifically identified with a particular product or…
Q: The Polaris Company uses a job-order costing system. The following transactions occurred in October:…
A: Detailed Explanation with Examples:Required 1: Journal EntriesWe'll break down each transaction with…
Q: None
A: Step 1: Show formula version of the solution sheet for a better understanding of the calculations:…
Q: Planning Al is a medical doctor who conducts his practice as a sole proprietor. During 2023, he…
A: Detailed explanation:a. cash basis : cash received in 2023$ 280,000advanced payment received from…
Step by step
Solved in 2 steps with 2 images
- Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used? a.$75,000 b.$55,000 c.$5,000 d.$30,000Analyze T-accounts given below: Raw material inventory Balance $15 Purchased $245 Used Balance $30 Work-in-progress inventory $30 Cost of goods $245 manufactured S310 Balance Direct material $540 Direct labor Manufacturing overhead $130 Balance $40 Amount of indirect material used is: a. $230 b. $110 c. $120 d. $340Use the following information to compute the cost of direct materials used for the current year. Beginning of Year $ 12,000 24,000 17,000 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased Direct labor Factory overhead Multiple Choice $259,000. $244,000. $ 247,000 188,000 78,000
- Beginning Raw Materials Inventory: 45,000 Ending Raw Materials Inventory: 65,000 Raw Materials Used: 90,000 What would be the materials purchased for the period? You can use your BASE Accounts if that helps.tieby O How many units must be in... EMy Home CengageNOWv2 | Online te... еBook Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 25,000 units; 55,000 units were started in production; and 66,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 40% complete with respect to conversion. Equivalent Units of Materials Equivalent Units of ConversionUsing the given information find the cost of direct material used: Ending inventory of raw materials OMR 1,000 Beginning inventory of raw materials OMR 1,500 Material used as indirect OMR 500 Purchase of materials OMR 2,000 O a. OMR 5,000 b. OMR 2,000 O c. OMR 2,500 O d. OMR 3,000
- Assess google-Bing com orms/d/e/TEAlpQLSe0Fn/ O5m foo CSEAKMUW F-TarKOTstRVX4bz MRQkg Use the following to answe he three questions below X Company reported the following year-end information: Beginning Raw Mate s Inventory S60.000 Ending Raw Materials inventory 90,000 Beginning Work in Process Inventory 113.000 Ending Work in Process Inventory 180,000 Raw Materials purchased 200,000 Direct Labor 210,000 Manufacturing Overhead 490,000 Selling and Administrative Expenses 157.000 Refer to the above, what was the cost of raw materials used?* $260,000 $170,000 $140,000 O None of the aboveIf the beginning finished goods inventory 250 000 ID. prime cost 250 000 ID, ending finished goods inventory 160 000 ID, manufacturing overhead expenses 180 000 ID cost of goods manufactured 1224 000 ID, the cost of goods *-: sold areCompute for the Economic order quantity, assuming the no of units of materials required annually 120,000 cost of placing the order P 39.00, Annual Carrying cost of inventory P 2.4
- Question 3: Process Costing Cannondale Bicycle Company manufactures various lines of bicycles. Because of the high volume of each type of product, the company employs a process cost system to determine unit costs. Bicycle parts are manufactured in the Moulding Department and transferred to the Assembly Department where they are assembled. After assembly, the bicycles are sent to the Packing Department. Cost and production figures for the Assembly Department are presented below for the month of June: Production Data (in unit) 70,000 Beginning WIP Inventory (70% complete as to material; 40% complete as to conversion) Started in June Completed and transferred out Ending WIP Inventory (75% complete as to material; 25% complete as to conversion) 460,000 450,000 80,000 Cost Data (in dollar) Material Conversion $36,550 $391,850 $13,500 Beginning WIP Inventory Current period $287,300 Required: (a) Determine the cost per equivalent unit for the Assembly Department's direct materials and…how much is the inventory write-down for the work in process? a. 25,000 b. 15,000 c. 5,000The following data apply to Stratford Ltd: Direct materials inventory, beginning of the year $5,500 Direct materials inventory, end of the year $3,000 Direct materials purchased during the year $45,000 Calculate the amount of direct materials used during the year. Select one: a. $36 500 Ob. $53 500 OC. $42 500 Ⓒd. $47 500