Business, 04.07.2020 22:01 TerronRice
Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September: Molding Department Grinding Department Finishing Department Direct materials $286,400 $30,400 $29,400 Direct labor 27,600 67,200 68,400 Applied overhead 35,000 272,000 57,000During September, 18,000 components were completed. There is no beginning or ending WIP in any department. Required: a. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. b. Calculate the unit cost. (Round the unit cost to two decimal places.)
Answers: 3
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Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
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Linsenmeyer Company produces a common machine component for industrial equipment in three department...
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