Static Actual Budget Budget Variance Machine-hours 39,920 36,600 Direct labour wages $ 86,100 $ 84,180 $1,920 U Supplies Maintenance 24,220 21,960 2,260 U 145,300 142,160 3,140 U Utilities 17.620 16,960 660 U Supervision Depreciation Total 41,200 41,200 83,200 83,200 $397,640 $389,660 $ 7,980 U
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- p.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhe D and P Indeed 6 Monster Jobs w Degree Programs O L02 A Hearn: Student Da.. 6 Consumer Center ework: Assignment 1 i Saved Perez Company reported the following operating results for two consecutive years: Required Compute each income statement component for each of the two years as a percentage of sales due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be e PEREZ COMPANY Vertical Analysis of Income Statements Percentage of Sales Percentage of Sales Year 4 Year 3 Sales 1,077,500 00S'000'L Cost of goods sold 550,275 000 Z09 Gross margin on sales 450,225 475,500 Operating expenses 130,500 149,800 319.725 325,700 Income before taxes 79.700 81,800 Income taxes 240.025 243.900 % Net incomengageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/2mpt%3D1348380&cmid%3D701919&page=D1 services SQU Libraries SQU Portal Attendance English O e. OMR30 The total prime cost of a product was OMR4,400. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is three times the direct labor cost per hour. The fixed manufacturing overhead was OMR1,500, Assuming that direct labo hours were 300 and that the direct labor.cost was 10% of direct materials cost, how much is the total manufacturing cost? Select one: a. OMR17,600 Ob. OMR7,100 Oc.OMR19,100 Od. OMR13,100 e. OMRS.900 age Next page
- pject: Company Accour X DEL. Project Guidelines and Rubric x DEL 7-1 Problem Set: Module Sev X CengageNOWv2 |Online tea x com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3D&inprogress=false eBook 4Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 000'080 Determine the return on total assets. If required, round the answer to one decimal place. Average total assets Feedback Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work ( Previous *AD dymod/ pt.phprattenmpt%3D17649528cmid%3D8751838page%3D18 SYSTEM (ACADEMIC) E-LEARNING SERVICES- SQU LIBRARIES - SQU PORTALATTENDANC Managerial Accounting - Spring21 Home / My courses/ ACCT2121_yasserg Spring21 / Midterm Exam One / Midterm Exam One Time left 1:50:50 Question 37 In a job-order costing system, manufacturing overhead applied is recorded as a credit to: Not yet answered O a. Finished Goods inventory. Marked out of O b. Work in Process inventory. 0.50 O c. None of the given answer is correct Flag question O d. Manufacturing Overhead. O e. Cost of Goods Sold.fattempt.php?attempte 1764992&cmid 875183&page=7 Goo.- inal irko a https//altermativet SOUCOFFEE Goog.. BCOM2911-Busines Sutan Caboos Univ frading P TEM (ACADEMIC) E-LEARNING SERVICES SOU LIBRARIES - SQU PORTAL ATTENDANCE Question Which of the following statements related to job cost sheets is TRUE? 15 O a. Individual job cost sheets are used by companies which produce socks. Not yet O b. Actual manufacturing overhead costs are included in job cost sheets. O. Job cost sheets do not normally include the selling price of the job completed. O d. None of the given answers is TRUE. answered Marked out of 0.50 P Flag question O e. Ajob cost sheet includes selling and administrative costs. Question Which of the following represents the cost of materials purchased but not yet issued to production? 16 O a. Finished Goods Inventory O b. None of the given answer is correct Not yet answered Marked out of Oc Work in Process Inventory 0.50 O d. Raw Materials Inventory P Flag question O e. Cost of…
- mpt=17649928cmid=8751838page=D9 wio a https//alternativet A SQUCOFFEE - Goog A BCOM2911-Busines O Sultan Caboos Univ. G Trading Platform C. Accounting Club DEMIC) E-LEARNING SERVICES- SQU LIBRARIES - SQU PORTAL ATTENDANCE Time left 1:46:33 An allocation base: O a can be units of output if the company has a single product O b. All the given answers are NOT correct. Oc is determined at the end of the period. O d. isameasure used to assign conversion costs to products and services O e isameasure used to assign prime costs to products and services ר A Company uses job order costing and has chosen direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is $15 per hour and the estimated fixed overhead costs are $750,000. The predetermined overhead rate is: O a $6 O b. None of the answers given Oc $45 Od. $3 Oe $18 NEXT PAGE OUS PAGE ACCT2121 general-chat Origin…7-2 Project: Company Accour x 121. Project Guidelines and Rubric x 121. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 Average total assets Determine the return on total assets. If required, round the answer to one decimal place. 1.8 Check My Work Divide the sum of net income and interest expense by average total assets. Previa Check My Work ADE dyCengageNOWv2 | Online teachin x + genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A A ★ F Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 253,960 Aug. 31 Goods finished 194,700 31 Direct materials X 31 Direct labor 35,500 X 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 100,050 Aug. 1 Balance 13,280 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $212,000, what was the amount debited to Work in Process for direct materials in August? Oa. $306,760 Ob. $106,590 Oc. $501.460 Od. $77,460 8:16 A 5/2/202 LOM OL ▬▬ JUB M & 7 U 8 CF10 P
- 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 aboveCalcul x google x s Dallas X B Score x M mybox now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false om Order < eBook Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Total factory overhead cost с Print Item Direct labor hours Variable overhead cost: Indirect factory labor Power and light Check My Work Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 8,000 hours of productive capacity in the department: $ BE 4 #3 $58,400 3,360 20,800 Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 6,000 C $28,900 18,160 11,560 % 5 $82,560 58,620 $141,180…6 MyPath Home Content O Managerial Accounting, Fifteenth x Answered: Exercise 4-2 Equivalen x O File | C:/Users/pse/Documents/managerial-accounting-15th-edition.pdf Managerial Accounting, Fifteenth Edition 203 / 795 Tiepare journar CnnCS to Tecoru iems (a) urougn (T) avove. EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one depart- ment for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 65% 30% Work in process, October 31 15,000 80% 40% The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs. 1:43 PM e Type here to search 3/31/2020 124
