Business expenses Opening ceremony Decoration- $3800 Tent rental-$2500 Marketing- $5000 Human resource Id holders( uniform)- $2, 397.75 Employee transportation- $2300 Production/ manufacturing Products that were on display- $11,500
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- View Policies Current Attempt in Progress Using the following information: beginning materials inventory = $50,000; raw materials purchased on account = $20,000; material issued out to the shop floor = $45,000, what is the ending balance of materials inventory? O $45,000 O $95,000 O $65,000 O $25,000 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerMementos Academy Cost Validation Student Records Fees collection Staff Salaries 70,400 43,900 39,700 Data Processing 9,200 32,500 7,900 Telephone 1,700 4,600 3,000 Postage 1,500 4,000 Consumable 3,700 45,900 11,800 Electricity 1,600 3,100 3,000 Equipment Depreciation 12,200 35,800 31,900 Insurance 1,600 3,300 2,600 Students Enrolments 14,000 Required: a) Apply process costing to calculate the total cost per student enrolment b) Discuss whether the total cost per student enrolment calculated in a) provid a reliable estimate of the costs incurred to process each enrolment.https://elearn.squ.edu.om/mod/quiz/attempt.php?attempt3D1764 EMIC) E-LEARNING SERVICES - SQU LIBRARIES SQU PORTAL ATTEND Time left 1:56:15 O c. Finished Goods to be understated by OMR 12,000 the year. O d. Cost of Goods Manufactured to be overstated by OMR 12,000 for the year. Work in Process to be understated by OMR 12,000 at year end. 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 300,000 hours. The estimated variable overhead is $10 per hour and the estimated fixed overhead costs are $500,000. The predetermined overhead rate is: O a. None of the answers given O b. S16.67 Oc. $11.67 O d. $7 O e. $1.67 OUS PAGE NEXT PAGE
- 1. Jorasmi Enterprise Trial Balance as at 31 December 2020 Particulars Credit Debit RM RM Inventory of raw materials 1 Jan 2020 Inventory of finished goods 1 Jan 2020 Work in progress 1 Jan 2020 Wages (direct RM180,000, factory indirect RM145,000) | 325,000 Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost RM280,000) Administration computers (cost RM20,000) General factory expenses Lighting Factory power Administration salaries Sales representative salaries Commission on sales 21,000 38,900 13,500 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 Rent Insurance General administration expenses Bank charges Discount allowed Carriage outwards Sales Account receivable and accounts payable Bank Cash Drawings Capital as at 1 Jan 2020 4,800 5,900 1,000,000 64,000 142,300 16,800 1,500 60,000 357,800 1,421,800 1,421,800 ТОTAL Prepared by: Puan Siti Nor Junita Mohd Radziroyalty-free image X A Login Homework i X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducati... A Question 11 - Ch 17-18 Homew X Cost Data: Bonding Department Direct materials costs in beginning inventory, September 1 Conversion costs in beginning inventory, September 1 Direct materials costs incurred in September Conversion costs incurred in September Physical Units: Bonding Department Units in process, September 1 Units transferred out during September Units in process, September 30 Percentages of Completion: Bonding Department Direct materials, September 1 Conversion, September Direct materials, September 30 Conversion, September 30 Cost per equivalent unit Direct Materials Required information [The following information applies to the questions displayed below.] Lavalear Corporation uses a process costing system and traces costs through several processing departments, starting with the Bonding Department.…Carnage outwards Debtors and Creditors Cash Lighting Factory power Sivar Trial balance as on 31 December 2010 Dr Administration salaries Sales rep's salaries Commission on sales $ 2.950 Drawings Capital as at 1.1.2010 Wages (direct 80,000, factory indirect $72,500) 162,500 Royalties Camage inwards (un raw materials) Purchases of raw materials Inventory of raw materials 1.1.2010 inventory of finished goods 1 1 2010 Work in progress 1.1.2010 Productive machinery (cost $140,000) Accounting machinery (cost €10.000) General factory expenses Rent Insurance General administration expenses Bank charges Discounts allowed 28,400 71,150 750 10,000 3.500 1,750 185,000 10,500 19.450 6.750 115,000 6,000 15.500 3,750 6,850 22,000 15,000 5,750 6,000 2,100 6,700 1.150 2,400 710,900 Cr t 500,000 62,500 148.400 710,900 Additional information inventory of raw materials 12.000, inventory of finished goods $20.000 work in progress $7,500 Lighting, rent and insurance are to be apportioned factory 5/6,…
- CCOUNTING Section3 Lecture (20201_020113 Courses / COST ACCOUNTING Section3 Lecture (20201 020113101 AAUP - JENIN)/ 23 February-1 Ma Time left 01740 The following infiormation pertains to a manufacturing company which uses weighted average method: Work in process, beginning direct materials $550,000 and conversion $450,000, Costs added in current period, direct materials $650,000 and conversion S750,000 cost per equivaient unit, direct materials $200 and conversion $300. Using weighted average method, the equlvalent units of materials is Oa 8000 units b.6000 units OC4500 units d.5333 units Oear my choice Next page Jump to chapter 15+15 powe point -Trial Balance as at 31 December 2022 of Kamagong Enterprise. wwwwwwvervo Inventory of raw materials 01/01/2022 Inventory of finished goods 01/01/2022 Work in progress 01/01/2022 Wages (direct P180, 000; factory indirect P145, 000) Royalties Carriage inwards (on raw materials) Purchases of raw materials Productive machinery (cost P280,000) Administration computers (cost P20,000) General factory expenses Lighting Factory power Administration salaries Sales reps' salaries Commission on sales Rent Insurance General administration expenses Bank charges Discounts allowed Carriage outwards Sales Trade receivables and trade payables Bank Cash Drawings Capital as at 01/01/2022 Debit 21,000 38,900 13,500 325,000 7,000 3,500 370,000 230,000 12,000 31,000 7,500 13,700 44,000 30,000 11,500 12,000 4,200 13,400 2,300 4,800 5,900 142,300 16,800 1,500 60,000 1,421,800 Notes at 31/12/2022: . Inventory of raw materials P 24,000; inventory of finished goods P 40,000; work in progress P 15,000. Lighting,…1 bed ok t t nces Prepare journal entries to record the following production activities. 1. Purchased $30,000 of raw materials on credit. 2. Used $18,000 of direct materials in the Roasting department. 3. Used $22,000 of indirect materials in production. View transaction list Journal entry worksheet Next > O
- Raw materials purchased on account, $60,000. Date Debit Credit $Using the following information, determine the activity rate for the purchasing activity. Activity Estimated Activity Cost Estimated Activity-Base Usage Setup $80,000 1,000 Purchasing 130,000 10,000 Inspecting 50,000 2,000 a.$2.00 b.$8.00 c.$130.00 d.$13.00Monaco manufacturing corp has the following account balances per ledger for the period ending December 31, 2019 Representation exp P10,000.00 Plant Supervision P126,750.00 Delivery expense P15,000.00 Purchase return P3,580.00 Depreciation -- Purchases P350,800.00 P62,800.00 Factory Building Raw Materials Depreciation office P25,000.00 Inventory, Dec. 31, P100,400.00 equipt 2019 Raw Materials Depreciation-Factory P9,460.00 Inventory, Jan 1, P101,640.00 / Equipment 2019 Repairs and Direct Labor P42,500.00 Maintenance - P76,480.00 factory equipt Salaries of office P29,220.00 P60,000.00 Factory Insurance and admin staff P46,200.00 Sales P1,100,000.00 Factory Utilities Finished Goods Sales return and P24,910.00 P5,000.00 Inventory, Jan. 1, allowances 2019 Selling and Administrative Indirect Labor P8,100.00 P26,490.00 Expenses