Question
In: Accounting
Computer Company manufactures laptops devices for students. The firm had the following inventories at the beginning...
Computer Company manufactures laptops devices for students. The firm had the following inventories at the beginning and end of the month of February:
Finished goods Work in process Raw material
February 1 $253,500 195,300 126,900
February 31 $186,700 521,600 121,300
The following additional data pertain to February operations
Raw material purchased
Direct labor
Actual manufacturing overhead
Actual selling and administrative expenses
178,300 420,200 375,100 115,400
The company applies manufacturing overhead at the rate of 75 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.
a) The company’s prime cost for February
b) The total manufacturing cost for February
c) The cost of goods manufactured for February
d) The cost of goods sold for February
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning ofMarch and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):MoldingFabricationTotalEstimated total machine-hours used2,5001,5004,000Estimated total fixed manufacturing overhead$14,500$17,700$32,200Estimated variable manufacturing overhead per machine-hour$3.20$4.00Job PJob QDirect...
Sweeten Company had no jobs in progress at the beginning ofMarch and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):MoldingFabricationTotalEstimated total machine-hours used2,5001,5004,000Estimated total fixed manufacturing overhead$11,250$15,750$27,000Estimated variable manufacturing overhead per machine-hour$1.90$2.70Job PJob QDirect...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March): Molding Fabrication Total Estimated total
machine-hours used 2,500 1,500 4,000 Estimated total fixed
manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. It started only two jobs during
March- Job P and Job Q. Job P was completed and sold by the end of
the March and Job Q was incomplete at the end of the March. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Estimated...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments--Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories....
Sweeten Company had no jobs in progress at the beginning of
March and no beginning inventories. The company has two
manufacturing departments—Molding and Fabrication. It started,
completed, and sold only two jobs during March—Job P and Job Q. The
following additional information is available for the company as a
whole and for Jobs P and Q (all data and questions relate to the
month of March):
Molding
Fabrication
Total
Estimated total machine-hours used
2,500
1,500
4,000
Estimated total fixed manufacturing...
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