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Magnolia Candle Inc.budgeted production of 74,200 candles in 2016. Wax is required to produce a candle. Assume eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 2016, wax inventory is 2,500 pounds. The desired December 31, 2016, wax inventory is 2,100 pounds. If candle wax costs $4.10 per pound, determine the direct materials purchases budget for 2016.
quicksilver company has set the following standards for one unit of product direct material quantity 6.2 pounds per
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Close revenue accounts.
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On December 31, 2007, BradstormCompany had 1,500,000 shares of $10 par common stock issued and outstanding. Write out the journal entries for these transaction.
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a company uses a process cost accounting system. its sewing departments beginning inventory consisted of 50000 units 14
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