Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. chapter 19 [the following information applies to t

Chapter 19 [The following information applies to the questions displayed below. Winfrey Co's March 31...

90.2K

Verified Solution

Question

Accounting

image
image
Chapter 19 [The following information applies to the questions displayed below. Winfrey Co's March 31 Inventory of raw materials is $120,000. Raw materials purchases in April are $450,000, and factory payroll cost in April is $232,000. Overhead costs incurred in Aprii are: Indirect materials, $32,000, Indirect labor, $13,000, factory rent, $24,000, factory utilities, $10,000; and factory equipment depreciation, $36,500. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $320,000 cash in April. Costs of the three jobs worked on in April follow Job 306 307 Job 308 Balances on March 31 Direct materials Direct labor Appled overhead s 9,000 19,000 9,500 20,00o 11,000 125,000.500 55,000 Costs during April Direct materials Direct labor Applied overhead 150,00075,000 120,000 44,000 Status on Aprl 30 Finished (sold) Finished (unsold) in process 10.00 points

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

In a class of 50 students, 29 are Democrats, 11 are business majors, and 5...

Finance
1.2K views

Discuss the use and limitations of Beta and how it is applied as a tool for...

Biology
1.2K views

In Guinea pigs, black hair (B) is dominant over white (b), rough coat texture (R)...

Biology
1.2K views

ch of the following is true of the reaction between glucose and NaCN in the...

Physics
1.2K views

42 First overtone frequency of a closed organ pipe is equal to the first overtone...

Physics
1.2K views

7 28 A circular cylinder of height h 10 cm and radius r 2 cm...

Physics
1.2K views

If global warming continues it s likely that some ice from the polar ice caps...

Physics
1.2K views

In the figure shown each tiny ball has mass m and the string has length...

Accounting
1.2K views

Question 5 The Li Group had 160,000 shares of common stock...

Accounting
1.2K views

The bond has a coupon rate of 6.11 percent, it makes semiannual payments, and there...

Accounting
1.2K views

On June 1, Year 1, Tsanumis Corporation (a U.S.-based manufacturing firm) received an order to...

Finance
1.2K views

Filer Manufacturing has 6,451,883 shares of common stock outstanding. The current share price is $34.89,...