Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem #1: cost flows through a manufacturing org

Problem #1: Cost flows through a manufacturing organization ...

90.2K

Verified Solution

Question

Accounting

Problem #1: Cost flows through a manufacturing organization
1-Jan-11 31-Dec-11
RM inventory $32 $8
WIP inventory $18 $3
FG inventory $47 $11
Plant utilities $9
Indirect labor $27
Depreciation (PP&E) $6
Revenues $355
Miscellaneous manufacturing OH $15
Marketing, distribution & customer service costs $94
RM purchased $84
DL incurred $42
Plant supplies used $4
Property taxes (PP&E) $2
1. Calculate the RM used in production (2 points) RM used $108
beg RM inventory $32
purchases of RM $84
RM used (plug) $108
end RM inventory $8

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Suppose your firm is considering investing in Project W with the cash flows shown in the...

Finance
Q

With the limitation in glenohumeral joint motion presented in Part E, case 1, describe how you...

Biology
Q

1. explain the structural principles behind the gram stain. 2. what can you learn by conducting...

Biology
Q

it is just simple discussion, please don't copy from any website. I need at least 2 paragraph....

Psychology
Q

Do some research on corporate sustainability reports. Research at least three corporations that issue annual reports...

General Management
Q

Identify the indicated bone or rib type 1 2 3 4 3 1

Biology
Q

A closed hollow insulated cylinder is filled with gas at 0 C and also contains...

Physics
Q

In 2011 the U.S. Department of Transportation reported with 95% confidence that the averagelength of...

Basic Math
Q

ose g n 2n 1 h n 2n 3 Find goh n A B C...

Algebra
Q

On January 1, the first day of the fiscal year, a company issues an $8,000,000,...

Accounting
Q

LO 2.2 Identify which account titles are current assets: LO 2.2 Identify...

Accounting
Q

Define what is Auditing and describe the three types of Audits and three types of...

Accounting