(WIP) ACC 350 Exam 1 Study Material

Info

7- P . 8 so Inventory balances for Spiritlight Ventures for November 2014 are as follows: November 1, 2014 November 30, 2014 <strong>Material</strong>s $ 9,000 $ 7,000 Work in process 16,000 12,400 Finished goods 36,000 30,000 During November, purchases of direct materials were $18,000. Direct labor and factory overhead costs were $20,000 and $28,000, respectively. 6. The cost of goods manufactured in November was a. $68,000. b. $77,600. c. $74,000. d. $71,600. 7. The records for the previous year for Sarasota Boat Builders, Inc., shows the following data: Selling and administrative expenses $300,000 Direct materials used 530,000 Direct labor (100,000 hours) 600,000 Factory overhead application rate $5 per DLH The cost of goods sold is a. $1,630,000. b. $1,880,000. c. $1,600,000. d. $1,650,000. Inventories Beginning Ending Work in process $150,000 $160,000 Finished goods 80,000 50,000
P . a. 7-9 8. The following information has been provided for Hopen Enterprises: What is the amount of factory overhead? a. $2,000 b. $2,200 c. $1,400 d. $5,500 Cost of goods manufactured $7,500 Work in process Beginning 1,200 Ending 1,400 Direct labor 4,000 <strong>Material</strong>s placed in production 1,500 Factory overhead ? 9. Morton Manufacturing shows cost of goods sold for the month of March was $90,000. The finished goods inventory was $15,000 on March 1 and $17,500 on March 31. Beginning and ending work-in-process inventories were $20,000 and $25,000, respectively. What was the cost of goods manufactured during March? a. $92,500 b. $90,000 c. $87,500 d. $97,500
Page 1 and 2: Sarah Takash ACC 350 spring 2018 Ex
Page 3 and 4: Pg. 1 Sarah Allison Takash ACC 350,
Page 13 and 14: Pg. 11 Sarah Allison Takash ACC 350
Page 17 and 18: Ptt e. chs . Review 1132 Problems C
Page 19 and 20: P . 7 per - 3 solutions Ch. 2 Revie
Page 21 and 22: P . be 7-5 COMPUTATIONAL QUESTION 1
Page 23: P . Efg 7-7 Inventory balances for
Page 27 and 28: 1=7-11 See Inventory balances for t
Page 29 and 30: P . 7-13 f- 8. The following inform
Page 31 and 32: p . Be 7-15 #2 - COGM / COGS Hanks
Page 33 and 34: a. t 7- it Solutions ACC 350 In-Cla
Page 35 and 36: P . soft 7-19 InClass Problems - Ch
Page 37 and 38: 20. Cost hierarchy Pg. 16 Sarah All
Page 41 and 42: 29. Steps: Pg. 20 Sarah Allison Tak
Page 47 and 48: Solutions ACC 350 Practice problem
Page 49 and 50: Problem #2 - Activity Based Costing
Page 53 and 54: solutions ACC 350 In-Class Problems
Page 55 and 56: Requirements: 1. Determine the plan
Page 59 and 60: Standard: ($42,500 * .50) / 15,000
Page 61 and 62: Solutions Milwaukee Company Problem
Page 63 and 64: d. Determine the gross margin (per
Page 65 and 66: InClass Problems - Chapter 4 Requir
Page 67 and 68: Requirements: a. Determine the plan
Page 69 and 70: $1,715,071 $1,854,929 # of Units 50
Page 71 and 72: $1,715,071 $1,854,929 # of Units 50
Page 75:
Summary of Article Pg. 27 Sarah All
show all

(WIP) ACC 350 Exam 1 Study Material

Create successful ePaper yourself

Delete template?

Save as template?