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China Pacific Company manufactures a variety of natural fabrics for the clothing industry in a neighborhood of Shanghai. The following data pertain to the month of October 2005. WIP inventory, October 1 25,000 units DM: 60% complete$57,000 Coversion: 30% complete$45,000 Costs incurred during October DM:$736,000 Conversion:$1,094,950 During October 175,000 units were completed and transferred out. At the end of the month, 30,000 units (direct materials 80 percent complete and conversion 40 % complete) remain in WIP inventory. 1. Calculate EU, cost per EU, cost of units transferred out, and cost of WIP ending inventory?
What is the journal entry required to establish the LIFO reserve for Orange Corporation?
Evaluate the price and usage variances for direct labor and direct material and compute the material variances
when a business is considering whether to replace old equipment with the newer equipment the original cost of the old -compared new equipment is information relevent to the business decisions?
Determine an equation for electricity cost (Y) as a function of units produced (X). Assume a linear function and Using your equation, forecast electricity cost at a volume of 29,000 units produced.
Ernest, an individual, receives $100 from Vernon Corp. in dividends and is in the 28% tax bracket. Vernon Corp. already paid corporate taxes on the $100 at a 20% tax rate. Explain how much in personal taxes will Ernest need to pay?
Determining value of ending inventory using product costing by split off method - Evaluate the value of ending inventory if the sales value at splitoff method is used for product costing. Round to 3 decimal places when necessary.
Compute the Break even point - Evaluate the company's break-even point given the sales mix above?
What is the shareholder's debt basis at January 1,3012?
Evaluate the cost amount per unit and total manufacturing costs for the production and sale of 5,000 units of cellular phones. Evaluate the product cost markup percentage rounded to two decimal places for cellular phones.
Using the equation method: Illustrate what is the break-even point in units and in sales dollars?
Purpose a pension worksheet for the pension plan for 2013 and 2014.
Multiple choice questions on budgetary control system - Which of the represents the normal sequence in which the below budgets are prepared.
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