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"You own Widgets ‘R Us and are preparing your year-end financial statements.
There is no information about the company..This is exactly how the assignment question is worded. 1. What inventory system do you use and why? What are its advantages and disadvantages?
2. What activities should you perform to correctly account for your inventory at year-end?
3. Why is it important to track inventory? What does this information tell you about your business?
Where only a proportion of subsidiary's shares are owned by a parent entity, what proportion of the intragroup transactions between the parent entity and the subsidiary will need to be eliminated on consolidation?
Evaluate operating income for RIM and TIP, discretely, and the net operating income for both.
Explain balance sheet presentation of the fair value adjustment for Perry’s short-term investment.
Prepare consolidation worksheet for Crain and Downey at December 31, 2005.
Q. Illustrate what is three way matches? Illustrate what is the reason for three way match? Illustrate what are the disadvantages for using three-way match and illustrate what are other options (instead of using three way matches)
Calculation of Overhead Variances - Budget for actual hours of inputand find the Overhead Variances
At the end of the year, 20% of the goods were still in X-Beams' inventory. Kent's reported net income was $300,000. What was the noncontrolling interest in Kent's net income?
Prepare dated journal entries to record the transactions shown in question. Assume that Econ did not enter into a forward contract. Prepare dated journal entries to record the transactions question.
During the period, 15,000 units are started and direct materials costing $250,000 are charged to the department. If there are 1,000 units in ending inventory, what is the cost per equivalent unit?
The company prepared the following per unit cost projections of making the part, assuming that overhead is allocated to the part at the normal predetermined overhead rate of 75% of direct labor cost.
Using the concept of incremental analysis, expand on Nick's response on "why do you want to know?" what cost information would be relevant to a decision to drop the product that would not be relevant to a decision to increase a production by 100 u..
Compute the EUP for direct material,direct labor, and overhead using weighted average process costing. Compute the EUP for direct material, direct labor, and overhead using FIFO process costing.
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