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A factory assembles laptops. During a period, 20,000 assemblies valued at $100,000were transferred from process 1 to process 2. There was no opening WIP in process 2 for this period.During the period, $56,400 of additional cost was incurred in process 2. At the end of the period18,000 units has been completed and 2,000 units were 40% complete.What is the cost of the closing work in process in process 2?
relationship between revenue and variable costs will not change but fixed cost will increase
Determine the cash disbursement for manufacturing overhead for the quarter and determine the predetermined overhead rate for the quarter.
A physical inventory of Liverpool Company taken at December 31 reveals the following.
Which alternative would you recommend that the company accept? Show all computations using the net present value approach. Prepare separate computations for each project.
Journalize the entries to close net income to the partners and journalize closing the partners' drawing accounts. Explanations are not required.
Expert Electronics, Inc. (EEI), recognized $3,800 of sales revenue on account and collected $2,100 of cash from accounts receivable.
Given: Selling price per unit, $20; total fixed expenses, $5,000; variable expenses per unit, $15. Find break-even sales in units.
What has been the most significant financing activity for the company in requirements 2-6 for another company?
Ragg Shop, Inc. (RSI), recognized $3,800 of sales revenue on account and collected $2,950 of cash from accounts receivable.
instructionsnbspread the following scenario. respond to the scenario with an essay laying out a managerial plan that is
distinguish between job costing and process costing. describe the difficulties associated with each type. what can
Describe the purpose of a flexible budget. Suppose a manager claims flexible budgets are useful because costs are difficult to predict and flexibility is needed to change budgeted costs as input prices change. Do you agree?
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