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Bienvenu Enterprises reported cost of goods sold for 2010 of $1,400,000 and get earnings of $5,200,000 at December 31, 2010. Bienvenu later discovered that its ending inventories at December 31, 2009 and 2010, were overstated by $110,000 and $35,000, respectively. Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings.
1. which of the following are easy to trace to individual jobs?nbsp a. direct materials and overheadb. direct materials
Compute the total overhead applied to production during May, compute the cost of the ending work in process inventory and compute the cost of jobs completed during May.
For Warren Corporation, year-end plan assets were $2,144,800. At the beginning of the year, plan assets were $1,755,200. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000.
Total dollar of each of the elements of the accounting equation
Create a bank reconciliation dated 30 th June, 2012 and prepare any entries required to make the books correct and complete.
Calculate net present value of each of the options and determine which option Crossroad should select using the NPV criterion and what non-financial factors should Crossroad consider before making its choice?
Explain whether you agree or disagree with the "smoothing" treatment related to pension gains and losses, and state your rationale.
Rhinestone Company has a sales budget for subsequently month of $300,000 - the cost of goods sold for next month is expected to be
Total the variances you have computed, and compare the net amount with the $12,250 mentioned by the vice president. Do you agree that everyone should be congratulated for a job well done? Explain.
For consolidated financial statements for 2011, evaluate the balances that would appear for the subsequent accounts: (1) Buildings (net), (2) Operating expenses, and (3) Non-controlling Interest in Subsidiary's Net Income.
Determine total annual cost of ordering and carrying the glass. Evaluate the Economic Order Quantity for glass.
Calculating EAC. You are evaluating two different silicon wafer milling machines. The Techron 1 costs $240,000, has a three-year life, and has pretax operating costs of $63,000 per year.
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