tlperez1230
25.02.2021 •
Business
Bledsoe Corporation has provided the following data for the
month of November:
Beginning Ending
Raw materials $ 26,600 $ 22,600
Work in process $ 18,600 $ 11,600
Finished Goods $ 49,600 $ 57,600
Additional information:
Raw materials purchases $ 73,600
Direct labor cost $ 93,600
Manufacturing overhead cost
incurred $ 43,760
Indirect materials included in
manufacturing overhead cost incurred $ 4,160
Manufacturing overhead cost
applied to Work in Process $ 42,600
Any underapplied or overapplied manufacturing overhead is closed
out to cost of goods sold.
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule
of Cost of Goods Sold.
Solved
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Ответ:
Part 1
Cost of Goods Manufactured Schedule
Opening Work in Process $ 18,600
Add Manufacturing cost for the period
Direct Materials ($65,600 - $ 4,160) $61,440
Direct labor cost $93,600
Manufacturing overhead applied $42,600 $197,640
Less Closing Work In Process ($ 11,600)
Cost of Goods Manufactured $204,640
Part 2
Schedule of Cost of Goods Sold
Beginning Finished Goods $ 49,600
Add Cost of Goods Manufactured $204,640
Less Ending Finished Goods ($ 57,600)
Cost of Goods Sold $196,640
Add Under- applied overheads ($ 43,760 - $ 42,600) $1,160
Adjusted Cost of Goods Sold $197,800
Explanation:
The Cost of Goods Manufactured schedule calculates the cost of goods manufactured. Thus it takes into account all manufacturing costs incurred during production including inventories in work in process at beginning and end of the year.
Note : Materials used in production = $ 26,600 + $ 73,600 - $ 22,600 = $65,600
The Cost of Good Sold uses the Cost of Goods Manufacture calculated in the Cost of Goods Manufactured schedule to calculate the cost of sales. Under - applied overheads are added to this amount whilst over -applied overheads are deducted from it.
Ответ:
Your question asks what managerial task Marietta is performing from what she said.
C). PlanningThe reason why answer choice "C). Planning" is the correct answer because this is what she's specifically performing. The way she is performing planning is that she noticed that there was a increase in demand of the rhinestone jewelry, so she is going to plan out how she's going to get the rhinestone jewelry in the company's stores.
Also, she's planning all of the organizational resources in order to make sure that her idea works and helps the business become successful in profits, since not a lot of businesses are selling the rhinestone jewelry. She needs to plan out how she's going to attain the resource, the rhinestone, and complete her goal by selling it in the stores.
I hope this helps!Best regards,MasterInvestor