Assignment 3: Calculating Catalogue
Finlon Upholstery Inc. uses a function-order consumeing regularity to gather manufacturing consumes. The concourse’s product-in-system on December 31, 2001, consisted of undivided function (no. 2077), which was carried on the year-end adjust fencing at $156,800. There was no finished-consequence catalogue on this conclusion.
Finlon applies manufacturing aloft to origination on the reason of straightforward-drudge consume. (The budgeted straightforward-drudge consume is the concourse’s serviceable talents, in stipulations of straightforward-drudge hours numerous by the budgeted straightforward-drudge objurgate.) Budgeted totals ce 2002 ce straightforward drudge and manufacturing aloft are $4,200,000 and $5,460,000, respectively. Actual results ce the year are as follows:
Straightforward Esthetics Used $5,600,000.00
Straightforward Drudge $4,350,000.00
Instraightforward Esthetic Used $65,000.00
Instraightforward Drudge $2,860,000.00
Factory Depreciation $1,740,000.00
Factory Insurance $59,000.00
Factory Utilities $830,000.00
Selling and Administrative Expenses $2,160,000.00
Function no. 2077 was completed in January 2002, and there was no product in system at year-end. All functions done during 2002 were sold with the qualification of Function no. 2143, which contained straightforward-esthetic consumes of $156,000 and straightforward-drudge reckoning of $85,000. The concourse reckoning any under- or over-applied aloft to the consume of consequence sold sort.
Using the over notification, do the subjoined:
Calculate the concourse’s predetermined aloft collision objurgate.
Calculate the additions to the product-in-system catalogue recital ce the straightforward esthetic used, straightforward drudge, and manufacturing aloft.
Calculate the finished-consequence catalogue ce the 12/31/02 adjust fencing.
Calculate the over-applied or under-applied aloft at year-end.
Explain if it is alienate to involve selling and administrative expenses in the consume of consequence sold sort.
Perform your calculations in an Excel spreadfencing and vision the calculations into a Word muniment.
Write a 1-page paper in Word cemat. Apply APA standards to citation of sources. Use the subjoined polish naming convention:
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