For this case, you will be responsible for answeringproblem 12-13A a-d (Lehigh Manufacturing Corp) on page XXXXXXXXXXfrom the text. Complete and submit the assignment by 23:59 EST Saturday .Connect...

1 answer below »

For this case, you will be responsible for answeringproblem 12-13A a-d (Lehigh Manufacturing Corp) on page 567-568 from the text. Complete and submit the assignment by 23:59 ESTSaturday.Connect login(Links to an external site.)can be used to locate the e-book.



Excel for Students Problem 12.13A.xlsx

Download Excel for Students Problem 12.13A.xlsx



Detailed Instructions:



Please use excel template attached for answering the questions. You will download, fill in the top portion of the sheet, and save as indicated below.


You will be graded based on following instructions, critical thinking, well-developed response, clear and concise, and mechanics such as grammar, punctuation, and sentence structure. Please see the enclosed rubric for more details. Save your excel document as Module #: Assignment # – Case Name Your Name. It is acceptable to abbreviate the file name.




SP12-13A Student Name: Class:McGraw-Hill/Irwin Problem 12-13A LEHIGH MANUFACTURING CORPORATION Horizontal Statements Model AssetsEquityRev.-Exp.=Net Inc. Cash+MOH+Raw. M.+WIP+F. Goods=C. Stk.+Ret. Ear. x: Enter appropriate data in yellow cells. Your ending computations in each column will be verified. ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= ++++=+-= -+-+-+-+-=-+----=- Try again!Correct!Try again!Try again!Try again!Try again!Try again!Try again!Try again!Try again! LEHIGH MANUFACTURING CORPORATION Cost Sheets ItemJob 1Job 2Job 3 Direct Materials Direct Labor Manufacturing Overhead Total Product Cost$ -$ -$ - Try again!Try again!Try again! LEHIGH MANUFACTURING CORPORATION Cost of Goods Manufactured and Sold Beginning Raw Materials Inventory$ - x: Enter appropriate data in yellow cells. Your answer for "Cost of Goods Sold" will be verified. Purchases Raw Materials Available- Ending Raw Materials Inventory Raw Materials Used- Labor Overhead Total Manufacturing Costs- Beginning Work-In-Process Inventory Total Work-In-Process Inventory- Ending Work-In-Process Inventory- Cost of Goods Manufactured- Beginning Finished Goods Goods Available- Ending Finished Goods- Cost of Goods Sold$ - Try again! LEHIGH MANUFACTURING CORPORATION Income Statement Sales Revenue Cost of Goods Sold- Gross Margin- Selling and Administrative Expenses Net Income$ - Try again! LEHIGH MANUFACTURING CORPORATION Balance Sheet Assets Cash$ - x: Enter appropriate data in yellow cells. Your answer for "Total Equity" will be verified. x: Enter appropriate data in yellow cells. Your answers for "Total Product Cost" will be verified. x: Enter appropriate data in yellow cells. Your answer for "Net Income" will be verified. Raw Materials Inventory- Work-In-Process Inventory- Finished Goods Inventory- Total Assets$ - Equity Common Stock$ - Retained Earnings- Total Equity$ - Try again! Given P12-13A Given Data P12-13A: LEHIGH MANUFACTURING CORPORATION Issued common stock$ 60,000 Raw materials purchase$ 14,000 Direct Raw Materials UsedDirect Labor Job 1$ 2,800$ 6,000 Job 24,0008,000 Job 36,0004,000 Total$ 12,800$ 18,000 Factory overhead rate per direct labor dollar$ 0.60 Selling price of Job 3$ 20,000 Selling and administrative expenses$ 800 Actual factory overhead$ 11,300
Answered Same DayJun 17, 2022

Answer To: For this case, you will be responsible for answeringproblem 12-13A a-d (Lehigh Manufacturing Corp)...

Khushboo answered on Jun 18 2022
77 Votes
SP12-13A
        Student Name:
        Class:    McGraw-Hill/Irwin
            Problem 12-13A
        LEHIGH MANUFACTURING COR
PORATION
        Horizontal Statements Model
        Assets                                        Equity                Rev.    -    Exp.    =    Net Inc.
        Cash    +    MOH    +    Raw. M.    +    WIP    +    F. Goods    =    C. Stk.    +    Ret. Ear.
        60,000
x: Enter appropriate data in yellow cells. Your ending computations in each column will be...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here