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ACCT 521 ACCT521 Connect Plus Homework 3 (Liberty)

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Product Description

ACCT 521 Connect Plus Homework 3

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator.

 

 

 

 

 Data on operations and costs for March follow:

 

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator.

 

 

 

 

 Data on operations and costs for March follow:

 

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator.

 

 

 

 

 Data on operations and costs for March follow:

 

Mets Products produces baseball caps and T-shirts.

 

 

 

 

 Most of the production is done by machine.

 

 

 

 

 Data on operations and costs for October follow:

Tappan, Inc., manufactures one product and accounts for costs using a job cost system. 

 

 

 

 

 

 You have obtained the following information from the corporation's books and records for the year ended December 31, Year 1:

 

 

 

 

 

 -Total manufacturing cost during the year was $1,721,000 based on actual direct material, actual direct labor, and applied manufacturing overhead.

 

 

 

 

 

 -Manufacturing overhead was applied to work in process at 175 percent of direct labor dollars. Applied manufacturing overhead for the year was 40 percent of the total manufacturing cost during the year

The following T-accounts represent November activity.

 

 

A new computer virus (AcctBGone) destroyed most of the company records at BackupsRntUs.

 

 

 

 

 

 

 

 The computer experts at the company could recover only a few fragments of the company’s factory ledger for February as follows:

 

 

 

 

 

 

Brighton Services repairs locomotive engines. It employs 100 full-time workers at $20 per hour.

 

 

 

 

 

 

 

 

 

 Despite operating at capacity, last year's performance was a great disappointment to the managers.

 

 

 

 

 

 

 

 

 

 In total, 10 jobs were accepted and completed, incurring the following total costs:

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