The Madalilangto Ink Company prepared the following table for the year 2019: Production Service Departments Departments G U V w 770,000 120,500 420,000 170,000 7,000 7,500 6,000 Rent 250,000 100,000 15,000 23,000 9,500 14,500 30,000 Repairs Fuel 350,000 7,000 Indirect Labor 157,500 61,000 145,000 100,000 97,500 Indirect 56,500 127,000 94,500 60,000 Materials Heat and Light 9,000 151,200 71,300 50,500 Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 94,000 60,000 6,000 7,500 Depreciation 3,000 1,500 2,000 Miscellaneous 500 500 500

The Madalilangto Ink Company prepared the following table for the year 2019: Production Service Departments Departments G U V w 770,000 120,500 420,000 170,000 7,000 7,500 6,000 Rent 250,000 100,000 15,000 23,000 9,500 14,500 30,000 Repairs Fuel 350,000 7,000 Indirect Labor 157,500 61,000 145,000 100,000 97,500 Indirect 56,500 127,000 94,500 60,000 Materials Heat and Light 9,000 151,200 71,300 50,500 Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 94,000 60,000 6,000 7,500 Depreciation 3,000 1,500 2,000 Miscellaneous 500 500 500

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 2.8C

See similar textbooks

Similar questions

ABC Company provided you the following net income and inventories for 2021 and 2022: 2021 2022Net income using FIFO 750,000 1,000,000Year-end inventories FIFO 1,400,000 2,000,000Year-end inventories - Weighted Average 900,000 1,600,000 What is the net income for the year 2022 using the weighted average costing method?
ezto.mheducation.com/ext/map/index.html?_con%3con&external_browser%=D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253 From the French Instrument Corporation second-quarter report ended 2020, do a vertical analysis for the second quarter of 2020. (Input all answers as positive values except other (income) which should be indicated by a minus sign. Round your answers to the nearest hundredth percent.) FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2020 2019 Percent of net Net sales 6,691 2$ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative 1,844 1,782 Product development 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 661 515 Income before income taxes 264 208 Provision for income taxes %24 397 307 Net income %24 0.05 2$ 0.03 Net income…
14. You are given the following details of the company L. for the financial year 1.1.2020-31.12.2020 Beginning inventory of direct materials 120000Purchases of direct materials 228000Direct labor cost 610000direct cost (Initial cost) 780000 The cost of the ending inventory on 31.12.2020 of direct materials is:a. 178000b. 170000c. 150000d.348000
From the following particulars calculate prime cost, works cost, cost of production, cost of sales and profit Prime Industries manufacture a product A. on 1st January 2020 finished goods in stock $50000. Other stocks such as:Work in progress (1.1.2020) $40000Raw materials (1.1.2020) $100000The information available from cost records for the year ended 31st December 2020 was as follows:
Delora Corporation provides the following information for 2020: (Click the icon to view the information for 2020.) Calculate the total manufacturing costs incurred in 2020. Begin by calculating the direct materials used in 2020. Less: Direct materials used in 2020 Now, calculate the total manufacturing costs incurred in 2020. Total manufacturing costs incurred in 2020
At May 31, 2022, the accounts of Sandhill Company show the following. 1. 2. 3. 4. May 1 inventories-finished goods $15,080, work in process $17,560, and raw materials $9,760. May 31 inventories-finished goods $11,400, work in process $19,120, and raw materials $8,480. Debit postings to work in process were direct materials $74,920, direct labor $60,000, and manufacturing overhead applied $48,000. (Assume that overhead applied was equal to overhead incurred.) Sales revenue totaled $258,000.
eBook Show Me How Question Content Area Cost Department Allocations In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of $48,108, and the Purchasing Department had expenses of $25,080 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: Line Item Description Residential Commercial Government Contract Sales $524,000 $695,000 $1,595,000 Number of employees: Weekly payroll (52 weeks per year) 115 80 85 Monthly payroll 38 49 36 Number of purchase requisitions per year 2,400 1,700 1,600 Required: a. Determine the total amount of payroll checks and purchase requisitions processed per year by the…
5. The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds required annually Cost of placing an order Annual carrying cost per pound of 144,000 P180 materials P36 What is the EOQ?
Compute for the NCI on December 31, 2023
File Tools View UTS MK I GSL 20-21 (19.10.20 -13.30) - Word (Product Activation Failed) W UTS MK I GSL 20-21 (19.10.20 -13.30) * x Document2 Problem 1 Balance Shet Income Statement PT. MaTaHtari PT. MATAH+ari For the year Ended December 31 For the year Ended December 31 2019 2018 ASSET Sales Revenue 10.000.000.000 Cash 550.000.000 700.000.000 Cost of Good Sold 6.400.000.000 Marketable Securities 500.000.000 300.000.000 Gross Profit Account Receivable 700.000.000 550.000.000 Inventory 750.000.000 650.000.00D 3.600000.000 Total Currevt Assit 2.500.000.000 2.200.000.000 Operating Expenses Selling Expenses 200.000.000 Gross Fixed Asset 3.000.000.000 General & Administrative Expenses 150.000.000 4.000.000.000 Less : Accumulated Depreciation Depreciation Expenses 250.000.000 500.000.000 200.000.000 Nett Fred Assit Total Operating Expenses 3.500.000.000 2.800.000.000 600.000.000 Operating Profit TOTAL ASSET 6.000.000.000 5.000.000.000 3.000.000.000 Interest Expenses JABILITIBS E STOCKHOLDER'S…
nd A assessment.education.wiley.com B Present Value Tables (1.. W https://education.wiley. B ch01 (Fall 2020) w Final Exam (Fall 2020) Final Exam (FallI 2020) -/6 Question 22 of 50 > View Policies Current Attempt in Progress Sheridan Corporation's Perfume division has a segment margin is $92000 for the current reporting period. Total assets at the beginning of the period were $807000 and $907000 at the end of the period. What is the division's ROI? O 9.42% O 10.74% O 11.40% O 5.37% Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air
COMPUTE FOR THE NCI ON JUNE 30,2023