Laboratory Manual Cost Accounting
Laboratory Manual Cost Accounting
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Prepare statement showing production cost and year's profit from oper- ation.
PROBLEM 27 (Louisiana, 1917) The Mutual Distilling Co. Was organized on June 1, 1916, for the purpose of manufacturing alcohol from molasses. It started operations on July 1, 1916, and on December 31, 1916, the Trial Balance of the General Ledger was as follows : Real Estate $ 10, 000. 00 Buildings 97, 000. 00 Machinery and Equipment 145, 000. 00 Capital Stock $250, 000. 00 Cash 5, 700. 00 Accounts Receivable 81, 500.... 00 Bills Payable 105, 000. 00 Accounts Payable 15, 183. 00 Alcohol Sales 164, 126. 50 Freight (Outbound) 20, 244. 50 Return f and Allowances 2, 875. 00 Molasses 89, 124. 00 Repairs and Replacements 1, 806. 50 Cooperage 32, 186. 00 Superintendence 1, 700. 00 Factory Labor 6, 766. 00 Fuel and Engine Room Supplies 5^964. 00 Factory Supplies 5, 742. 50 Brokerage and Commission 4, 669. 00 Traveling Expenses 1, 032. 00 Other Selling Expenses 500. 00 Salaries of Officers 6, 000. 00 Salaries of Clerks 1, 800.
What to read after Laboratory Manual Cost Accounting?
You can find similar books in the "Read Also" column, or choose other free books by Fayette H Fayette Herbert Elwell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Prepare statement showing production cost and year's profit from oper- ation.
PROBLEM 27 (Louisiana, 1917) The Mutual Distilling Co. Was organized on June 1, 1916, for the purpose of manufacturing alcohol from molasses. It started operations on July 1, 1916, and on December 31, 1916, the Trial Balance of the General Ledger was as follows : Real Estate $ 10, 000. 00 Buildings 97, 000. 00 Machinery and Equipment 145, 000. 00 Capital Stock $250, 000. 00 Cash 5, 700. 00 Accounts Receivable 81, 500.... 00 Bills Payable 105, 000. 00 Accounts Payable 15, 183. 00 Alcohol Sales 164, 126. 50 Freight (Outbound) 20, 244. 50 Return f and Allowances 2, 875. 00 Molasses 89, 124. 00 Repairs and Replacements 1, 806. 50 Cooperage 32, 186. 00 Superintendence 1, 700. 00 Factory Labor 6, 766. 00 Fuel and Engine Room Supplies 5^964. 00 Factory Supplies 5, 742. 50 Brokerage and Commission 4, 669. 00 Traveling Expenses 1, 032. 00 Other Selling Expenses 500. 00 Salaries of Officers 6, 000. 00 Salaries of Clerks 1, 800.
What to read after Laboratory Manual Cost Accounting?
You can find similar books in the "Read Also" column, or choose other free books by Fayette H Fayette Herbert Elwell to read onlineMoreLess
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