Purchase Solution

Flow of manufacturing costs

Not what you're looking for?

Ask Custom Question

Flow of manufacturing costs

The following data are taken from the accounting records of Ruiz Mfg. Co.:
<i> Please see attachment for table</i>

Compute the following amounts:
a) Direct materials purchased during the period.
e) The overhead application rate, assuming that overhead is applied to production as a percentage of direct labor costs.
<i> Please see attachment for all questions</i>

Attachments
Purchase this Solution

Solution Summary

The flows of manufacturing costs are determined. The direct materials of purchases during the periods are provided.

Solution Preview

a) Direct Materials Purchased during the year : End of Year Inv + End of Yr WIP + Direct materials used - Beg Inv - Beg WIP
=20,000+25,000 +20,000 - 17,000 ...

Solution provided by:
Education
  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
Recent Feedback
  • "Your explanation to the answers were very helpful."
  • "What does 1 and 0 means in the repair column?"
  • "Went through all of the formulas, excellent work! This really helped me!"
  • "try others as well please"
  • "Thank you, this helped a lot. I was not sure how to plug in those numbers to a formula. This was a great help. Now I have to figure out how to explain cost of capital is used in net present value analysis, and how cost of capital is used in net present value analysis. This stuff gets confusing."
Purchase this Solution


Free BrainMass Quizzes
Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.