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50, 000 units were received from preceding department, 9,000units were still in process at the end of month (complete allmaterial, 75% Labour & FOH). 500 lost units were 60% completeas to material and conversion costs. This loss is considered as abnormal and is to be charged to factory overhead.
Required: You are required to calculate equivalent units of material, labour and factory overhead.
How is the auditor's assessment of control risk affected if a documented control procedure is not operating effectively? Explain the effect of such an assessment on the nature of audit tests of account balances.
Quest Tech, Inc. manufactures and sells specialized data storage equipment and services to entertainment and media companies.
in a minimum 200 word response describe some ways how the public has responded to the october 2001 usa patriot act. has
What is a contingent liability? How is one reflected in the financial statements and the footnotes? How is this accounting treatment consistent with the concept of a liability?
Which of the follwoing statemetns is true when referring to fixed costs? 1. Committed fixed costs arise from the annual decisions by management. 2. As volume increases, unit fixed cost and total fixed cost will change.
Two parents have decided to establish an investment program. They estimate it will cost $40,000 per year for four years. Their investment program will earn them 10 % over the years. How much do they have to deposit for a lump sum?
What is meant by the forensic-type fieldwork phase of an audit?
Ratzlaff Company issues $2.2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2008
a company has a margin of safety of 25 a contribution marginratio of 30 and sales of 1000000.a what is the break even
the following data in thousands of dollars have been taken from the accounting records ofnbsplarden corporationnbspfor
On the following facts about an Enterprise Fund for a utility operation: Invested in capital assets, net of related debt, would be?
Jake Smith opened his Balinese coffee shop business in downtown Boise on January 1st 2010. On December 31st, 2010, he sat down with his accountant to figure out how his business had done in its first year and heaved a sigh of relief when his accou..
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