ACC605_week2_problems_fcordero

ACC605_week2_problems_fcordero - Ch apter 3, p. 115...

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Unformatted text preview: Ch apter 3, p. 115 Complete exercise 3-28 1. 100,000.00 Overhead 1.50 200,000.00 Overhead .75 300,000.00 Overhead .30 2. Yes because the more produced the less overhead cost per unit since it is a fixed amount. Chapter 3, p. 117 Complete exercise 3-31 Selected data concerning the past years operations of the Lone Star Leather Company are as follows: Inventories Beginning Ending Raw material ..................................................................................................... $142,000 $ 162,000 Work in process ................................................................................................. 160,000 60,000 Finished goods ................................................................................................... 180,000 220,000 Other data: Direct material used ....................................................................................... $ 652,000 Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate of 60% of direct-labor cost) ............................................... 1,372,000 Cost of goods available for sale ....................................................................... 1,652,000Cost of goods available for sale ....
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ACC605_week2_problems_fcordero - Ch apter 3, p. 115...

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