Case 6-1 Browning Manufacturing
Michellee Marie B. Chavez
2004-39460
BM 220 - Management Accounting
1)
BROWNING MANUFACTURING COMPANY T-Accounts Cash Accounts Receivable Notes Payable 2,604,000.00 144,000.00 2,562,000.00 49,200.00 288,840.00 118,440.00 78,000.00 311,760.00 19,200.00 264,000.00 264,000.00 492,000.00 2,604,000.00 552,840.00 198,000.00 2,873,760.00 2,672,400.00 49,200.00 201,360.00 Interest Expense 135,600.00 38,400.00 522,000.00 Finished Goods 38,400.00 38,400.00 257,040.00 1,806,624.00 788,400.00 1,901,952.00 Indirect Manufacturing Labor 9,000.00 2,158,992.00 1,806,624.00 198,000.00 36,000.00 352,368.00 198,000.00 52,200.00 2,986,440.00 2,542,800.00 Manufacturing plant and equipment Direct Manufacturing Labor 443,640.00 2,678,400.00 492,000.00 144,000.00 492,000.00 Prepaid taxes and insurances 2,822,400.00 66,720.00 52,800.00 Materials 78,000.00 Accounts Payable 110,520.00 811,000.00 144,720.00 52,800.00 788,400.00 825,000.00 825,000.00 91,920.00 66,000.00 935,520.00 811,000.00 185,760.00 124,520.00 788,400.00 1,076,760.00 Income Taxes Payable 288,360.00 Work in Process 9,000.00 9,000.00 172,200.00 1,901,952.00 5,800.00 Selling and Administrative Expense 811,000.00 9,000.00 14,800.00 522,000.00 1,129,200.00 5,800.00 522,000.00 2,112,400.00 1,901,952.00 210,448.00 Supplies Depreciation :: 17,280.00 61,200.00 140,400.00 492,000.00 66,000.00 907,200.00 198,000.00 83,280.00 61,200.00 1,047,600.00 49,200.00 22,080.00 135,600.00 52,800.00 Capital Stock Income Tax Expense 61,200.00
2004-39460
BM 220 - Management Accounting
1)
BROWNING MANUFACTURING COMPANY T-Accounts Cash Accounts Receivable Notes Payable 2,604,000.00 144,000.00 2,562,000.00 49,200.00 288,840.00 118,440.00 78,000.00 311,760.00 19,200.00 264,000.00 264,000.00 492,000.00 2,604,000.00 552,840.00 198,000.00 2,873,760.00 2,672,400.00 49,200.00 201,360.00 Interest Expense 135,600.00 38,400.00 522,000.00 Finished Goods 38,400.00 38,400.00 257,040.00 1,806,624.00 788,400.00 1,901,952.00 Indirect Manufacturing Labor 9,000.00 2,158,992.00 1,806,624.00 198,000.00 36,000.00 352,368.00 198,000.00 52,200.00 2,986,440.00 2,542,800.00 Manufacturing plant and equipment Direct Manufacturing Labor 443,640.00 2,678,400.00 492,000.00 144,000.00 492,000.00 Prepaid taxes and insurances 2,822,400.00 66,720.00 52,800.00 Materials 78,000.00 Accounts Payable 110,520.00 811,000.00 144,720.00 52,800.00 788,400.00 825,000.00 825,000.00 91,920.00 66,000.00 935,520.00 811,000.00 185,760.00 124,520.00 788,400.00 1,076,760.00 Income Taxes Payable 288,360.00 Work in Process 9,000.00 9,000.00 172,200.00 1,901,952.00 5,800.00 Selling and Administrative Expense 811,000.00 9,000.00 14,800.00 522,000.00 1,129,200.00 5,800.00 522,000.00 2,112,400.00 1,901,952.00 210,448.00 Supplies Depreciation :: 17,280.00 61,200.00 140,400.00 492,000.00 66,000.00 907,200.00 198,000.00 83,280.00 61,200.00 1,047,600.00 49,200.00 22,080.00 135,600.00 52,800.00 Capital Stock Income Tax Expense 61,200.00