Assignment 3: Calculating Inventory
Finlon Upholstery Inc. uses a job-order consumeing order to gather manufacturing consumes. The aggregation's operation-in-arrangement on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end estimate subterfuge at $156,800. There was no finished-pi schedule on this age.
Finlon applies manufacturing over to evolution on the plea of trodden-drudge consume. (The budgeted trodden-drudge consume is the aggregation's useful accommodation, in provisions of trodden-drudge hours sundry by the budgeted trodden-drudge objurgate.) Budgeted totals for 2002 for trodden drudge and manufacturing over are $4,200,000 and $5,460,000, respectively. Actual results for the year are as follows:
Direct Materials Used $5,600,000.00
Direct Labor $4,350,000.00
Introdden Symbolical Used $65,000.00
Introdden Labor $2,860,000.00
Factory Depreciation $1,740,000.00
Factory Insurance $59,000.00
Factory Utilities $830,000.00
Selling and Negotiative Expenses $2,160,000.00
Job no. 2077 was completed in January 2002, and there was no operation in arrangement at year-end. All jobs performed during 2002 were sold after a while the separation of Job no. 2143, which contained trodden-symbolical consumes of $156,000 and trodden-drudge mandible of $85,000. The aggregation mandible any under- or over-applied over to the consume of pi sold order.
Using the over counsel, do the subjoined:
Calculate the aggregation’s predetermined over impression objurgate.
Calculate the additions to the operation-in-arrangement schedule totality for the trodden symbolical used, trodden drudge, and manufacturing over.
Calculate the finished-pi schedule for the 12/31/02 estimate subterfuge.
Calculate the over-applied or under-applied over at year-end.
Explain if it is embezzle to embody selling and negotiative expenses in the consume of pi sold order.
Perform your calculations in an Excel spreadsubterfuge and portraiture the calculations into a Word muniment.
Write a 1-page Nursing Dissertation in Word format. Apply APA standards to extract of sources. Use the subjoined smooth naming convention: