Chapter_1_Homework_solutions

Chapter_1_Homework_solutions - Chapter 1 Homework solutions...

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Chapter 1 Homework solutions #1 Prob. 1–1A (MAN) Product Costs Period Costs Direct Direct Factory Materials Labor Overhead Selling Administrative Cost Cost Cost Cost Expense Expense a. X b. X c. X d. X e. X f. X g. X h. X i. X j. X k. X l. X m. X n. X o. X p. X q. X r. X s. X t. X u. X v. X w. X x. X y. X z. X
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#2 Prob. 1–4A (MAN) 1. Grant Company a. $67,000 ($78,000 + $198,000 – $209,000) b. $594,000 ($209,000 + $294,000 + $91,000) c. $618,000 ($594,000 + $150,000 – $126,000) d. $612,000 ($132,000 + $618,000 – $138,000) e. $538,000 ($1,150,000 – $612,000) f. $388,000 ($538,000 – $150,000) McClellan Company a. $217,000 ($102,000 + $230,000 – $115,000) b. $329,000 ($660,000 – $217,000 – $114,000) c. $252,000 ($906,000 – $654,000) d. $108,000 ($654,000 + $114,000 – $660,000) e. $360,000 ($1,020,000 – $660,000) f. $134,000 ($360,000 – $226,000) 2. McCLELLAN COMPANY Statement of Cost of Goods Manufactured For the Month Ended December 31, 2010 Work in process inventory,
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Chapter_1_Homework_solutions - Chapter 1 Homework solutions...

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