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The Smelting Department of Massaro Manufacturing Company has the following production and cost data for November. Production: Beginning work in process 3,730 units that are 100% complete as to materials and 20% complete as to conversion costs; units transferred out 8,810 units; and ending work in process 5,470 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.
Show the corrected Cost of Goods Sold calculations for both 2011 and 2012. Consider the errors had not been corrected, in your answer book, in tabular format as shown below show the dollar effect
Factory X produces a single product which is made from 10 kg of Material A as well as 5 kg of Material B. These quantities allow for waste The purchase prices of these materials
Pick a position that executive pay is or is not excessive and support your reasons. Describe at least three possible alternatives to executive compensation and rank its merit of being implemented.
What is the net effect on appraisal costs for 20X6, assuming the new receiving method is implemented and that 800,000 material units are received?
The bonds pay interest on June 30 and December 31 and mature on December 31, 2010. Both Wren and Schrub use straightline amortization. Wren uses the equity method of accounting for its investment in Schrub. Complete the consolidated balance sheet w..
What is amount of goodwill associated with the investment? For 2011, what is the total amount of excess amortization for Austin's 25% investment in Gainsville?
Purpose a reconciliation of Master Budget Operating Income, Flexible Budget Operating, and Actual Operating income. and evaluate Master Budget Operating Income
Assume that Go-med is a joint venture owned by Insure and four other venturers, that the acquisition differentials are valid, and that it has not yet adopted IFRS 11: Joint Arrangements. Prepare a 20X8 consolidated income statement for Insure using ..
The supervisor of the Logistic's Department has suggested to the plant manager that a new machine costing $285,000 be purchased to improve material handling operations for the plant's newest product line. How should the plant manager proceed with ..
Assume a tax rate of 30 percent. what amount should Garfun report as the consolidated diluted earnings per share?
Develop the standard cost for the direct cost components of a 10 gallon batch of rasberry sherbert. For each direct cost component, the standard cost should Identify the Standard Quantity
Compute sales level required in both dollars and units to earn $210,000 of after-tax income in 2010 with the machine installed and no change in unit sales price. Assume that the income tax rate is 30%.
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