Homework Help is Here – Start Your Trial Now!
Business
Accounting
Outcrapping is a firm that produces portable sanitation units. This firm uses backflush costing and values inventory using throughput accounting. All actual amounts are equa to budgeted amounts. The firm has NO variable overhead. Total DM $14,000 Total DL $4,000 Total Fixed OH $5,600 Total completed and in process 7,000 units Units in finished goods 75 Units in process 50 The firm has $100 of raw materials at the end of the period. Which of the following ard the correct balances of the COGS account before and after inventory costs are backflushed? (Round rates to the nearest cent if necessary.)

Outcrapping is a firm that produces portable sanitation units. This firm uses backflush costing and values inventory using throughput accounting. All actual amounts are equa to budgeted amounts. The firm has NO variable overhead. Total DM $14,000 Total DL $4,000 Total Fixed OH $5,600 Total completed and in process 7,000 units Units in finished goods 75 Units in process 50 The firm has $100 of raw materials at the end of the period. Which of the following ard the correct balances of the COGS account before and after inventory costs are backflushed? (Round rates to the nearest cent if necessary.)

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
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 15E: Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing...
See similar textbooks
icon
Related questions
Question

please help me 

Outcrapping is a firm that produces portable sanitation units. This firm uses backflush costing and values inventory using throughput accounting. All actual amounts are equal to budgeted amounts. The firm has NO variable overhead. Total DM $14,000 Total DL $4,000 Total Fixed OH $5,600 Total completed and in process 7,000 units Units in finished goods 75 Units in process 50 The firm has $100 of raw materials at the end of the period. Which of the following are the correct balances of the COGS account before and after inventory costs are backflushed? (Round rates to the nearest cent if necessary.) Before: $18,000 After: $17,678.25 Before: $14,000 After: $13,650 Before: $14,000 After: $13,750 O Before: $18,000 After: $17,578.25
Transcribed Image Text:Outcrapping is a firm that produces portable sanitation units. This firm uses backflush costing and values inventory using throughput accounting. All actual amounts are equal to budgeted amounts. The firm has NO variable overhead. Total DM $14,000 Total DL $4,000 Total Fixed OH $5,600 Total completed and in process 7,000 units Units in finished goods 75 Units in process 50 The firm has $100 of raw materials at the end of the period. Which of the following are the correct balances of the COGS account before and after inventory costs are backflushed? (Round rates to the nearest cent if necessary.) Before: $18,000 After: $17,678.25 Before: $14,000 After: $13,650 Before: $14,000 After: $13,750 O Before: $18,000 After: $17,578.25
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS