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Cinder Company had the following department information for the month: Total materials costs $80,000 Equivalent units of materials 10,000. Total labor cost of $60,000 and manufacturing overhead of $60,000. Equivalent units of conversion costs 20,000 units. How much is the per unit manufacturing cost per unit?
Journal entries for paid balance due on the Merchandise Inventory purchase
Spark was incorporated as a no profit voluntary health and welfare organization on Jan 1 2015. During the fiscal year ended December 31, 2015 the following transactions occurred: Make all necessary journal entries to record these transactions. Expens..
Complete each set of financial statements by determining the amounts that correspond to the letters. Accounting Connection- In what order is it necessary to prepare the financial statements and why?
Great Corporation has the following capital situation.Debt: One thousand bonds were issued five years ago at a coupon rate of 8%. They had 25-year terms and $1,000 face values. They are now selling to yield 9%. The tax rate is 39%
X Company is considering a modification to one of its main products next year that would make it more attractive to customers. As a result, X Company could increase the selling price by $2.02. However, fixed costs would increase to $16,110. At what u..
What are the conditions that prohibit the auditor from issuing an unqualified/unmodified opinion and what are the types of reports that the auditor may issue for a financial statement audit.
Pace Corporation acquired 100 percent of Spin Company's common stock on January 1, 20X9. Balance sheet data for the two companies immediately
LO.2, 5 Al is a medical doctor who conducts his practice as a sole proprietor. During 2014, he received cash of $280,000 for medical services. Of the amount collected, $40,000 was for services provided in 2013. At the end of 2014, Al had accounts rec..
Under the Lay-by sales conditions customers pay a non-refundable deposit of 10% and agree to pay off the balance within 12 months. The goods are taken from the store's inventory and set aside at the time the deposit is made.
Compensated absences legally owed to general government workers at year-end total $13,000. These amounts will not be taken by the employees until late in the year 2016. Prepare a statement of activities for governmental activities for December 31, 20..
Davis Consulting has created a standard cost card for each job. Standard direct materials include 14 software packages at a cost of $900. per package. Standard direct labor costs per job include 90 hours at $120. per hour. Davis plans on completing 1..
Tremor Co. had the following transactions in the last two months of its fiscal year ended May 31.
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