Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following are partially completed t-accounts f

The following are partially completed T-accounts for...

70.2K

Verified Solution

Question

Accounting

image
image
image
The following are partially completed T-accounts for Sage. The accountant needs help filling in the remaining details of the accounts before closing month-end and starting next month's transactions. Determine the COGS and COGM this month. The only additional information available for this month includes payroll records and a few other items, as follows. 1. Sage paid $94,000 in total payroll costs this month, split evenly between hourly manufacturing worker wages and manufacturing supervisor salaries. 2. It paid $4,300 in total utility costs: 75% was for manufacturing facilities, and 25% was for executive and administrative space. 3. Buildings and equipment used in manufacturing are depreciated at a steady rate of $18,000 per month; buildings and office equipment in executive and administrative spaces are depreciated at a steady rate of $12,000 per month. 4. Other indirect material and indirect labor costs amounted to $2,700

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

QUESTION 5 As the novel coronavirus (COVID-19) pandemic continues to spread and large parts of the world...

Biology
Q

Describe the mechanism by which “nucleotide hydrolysis” regulates microtubule dynamics in plant cells.

Biology
Q

A 2100-m-high mountain is located on the equator. How much faster does a climber on top...

Physics
Q

Using a compass and straight edge, construct an isosceles trapezoid with at least one angle 60...

Basic Math
Q

Inflatable cuff sphygmomanometer stethoscope respirator spirometer known as a Pressure gauge Air control valve Bulb

Biology
Q

What does a spectrophotometer directly measure The weight of a material The amount of light...

Biology
Q

Han invests 13 000 into a fund that combines stocks and bonds The return varies...

Geometry
Q

2 Party Republican Democrat Female Male 115 103 179 105 150 150 Independent Is there...

Statistics
Q

On January 1, Year 1, the Diamond Association issued bonds with a face value of...

Accounting
Q

Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parents interest was...

Accounting
Q

How does IRS and New York State select returns for an audit? Discuss the difference...

Accounting
Q

Crawford Corporation incurred the following transactions. 1. Purchased raw materials...

Accounting