An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY
Cost of Goods Manufactured Schedule December 31, 2020
Work in process (1/1) $211,000
Direct materials
Raw materials inventory (1/1)
Add: Raw materials purchases 159,000
Total raw materials available for use
Less: Raw materials inventory (12/31) 22,100
Direct materials used $181,000
Direct labor Manufacturing overhead
Indirect labor 18,100
Factory depreciation 36,100
Factory utilities 68,100
Total overhead 122,300
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31) 81,100
Cost of goods manufactured $541,000

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?