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Resty Company manufactures a product that goes through two departments prior to completion: the Mixing Department and the Packaging Department. Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the Mixing Department finishes work on each product, it is immediately transferred to Packaging. The following data are available for the Mixing Department for December 2014: Percent Completed Units Materials Conversion Beginning, Work in Process 50,000 65% 30% Start into production 397,000 Completed and transferred out 405,000 Ending, Work in Process 42,000 55% 20% Materials Conversion Beginning, Work in Process $ 49,540.00 $ 19,400.00 Costs added during December $472,300.00 $301,200.00 Required: Assume that the Resty Company uses the weighted-average method of process costing. a. Compute the equivalent units for December for the Mixing Department. b. Determine the costs per equivalent unit for December for the Mixing Department. c. Determine the total cost of ending work-in-process inventory and the total cost of units transferred to the Packaging Department. d. Prepare a cost reconciliation report for the Mixing Department for December.
Prepare an income statement for 2012 consider that the production-volume variance is written off at year-end as an adjustment to cost of goods sold.
The transactions that follow took place under the perpetual inventory system. Record each transaction using T accounts.
For the fiscal year, sales were $6,750,000, sales discounts were $120,000. sales return and allowances were $900,000, and the cost of merchandise sold was $4,000,000.
Prepare journal entries to record depreciation of the machine at December 31 - The year of its disposal.
your roommate asks for your help on the subsequent questions about cvp analysis formulas.a. how will the mathematical
how much would you have at the end of that time, assuming that your account earns 5% interest compounded daily? Assume also that you drink a cup of coffee every day, including weekends.
Marriott Tub Company manufactures two lines of bathtubs, called model A and model B.- Find the best production mix of the bathtubs.
What is the minimum selling price per unit that the Idefix Division should charge for Obelix to receive a favourable performance rating?
Compute the ending balance in the work-in-process account. Prepare the journal entries reflecting the completion and sale on account of Job 64. The selling price is 160 percent of cost.
Using the generic internal value chain shown in exhibit8.2., classify eah onf the follwoing activities of an aluminum cable manufacturer as inbound logistic, operations, outbound logistics, marketing and sales, service or support.
Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his shares of the company. Bill transferred property with a basis of $5,000 for $75,000 of stock. Steve contributes cash of $100,000 for his shares. Which of the three must r..
answer following question1. what are the several fields of accounting and how do they differ?2. how are expenses and
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