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?Don’t Cry Over Spilled? Milk, Inc., a manufacturer of? mops, uses the weighted average method in its processing costing system.? Don’t Cry uses a traditional costing system in the allocation of its manufacturing overhead? (MOH) to? production; MOH costs are allocated to production on the basis of machine hours logged during the period. Total estimated MOH for the period was ?$300,000 and total estimated machine hours were? 100,000. The following data concern the operations of the? company’s first processing? department, Assembly, for June 2012. Beginning Work in Process: 800? mops, ?60% complete with respect to direct? materials, 10% complete with respect to conversion; Costs in Beginning Work in Process: ?$3,712 (of this? amount, $1,296 is for direct ?materials); Units Started in June: ?16,000 mops; Direct Product Costs Added During June: direct materials? $47,076, direct labor ?$216,213; Ending Work in Process: 300? mops, 60% completed with respect to direct? materials, 70% complete with respect to conversion. During? June, 78 comma 64478,644 actual machine hours were logged during production. ?(round all calculation to 2 decimal places. all answers should include commas and 2 decimal places i.e.? 1,000.00 not 1000.?) What was The cost to assemble one mop in June? What was The cost of goods completed and transferred out of the Assembly department during June? What would The conversion costs included in Work in? Process-Assembly at the beginning of July equal?
prepare computations showing how much profits will increase or decrease.for many years futura company has purchased the
Mirandolina Inns' management are concerned about the size of the pension fund deficit at the end of year 4. Calculate Mirandolina Inns' year 4 pension expense and end-year 4 pension liability (or asset).
Prepare a balance sheet - John Paul is the bookkeeper for Gabelli Company. John has been trying to get the balance sheet of Gabelli Company to balance.
Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000. During 2011 Gates reported net income of $150,000 and paid dividends of $50,000. On January 2, 2012, Dodge purchased an ..
prepare a cash budget and a schedulenbsp of expected cash collections for the data furnished below.jodi horton
describe the technique the company is using that can constitute a financial shenanigan. indicate both the technique
Using the Consolidated Statement of Income (may also be called Statement of Earnings or Statement of Operations) of a publicly-traded company of your choosing, answer the following questions in the 1.4 Discussion: Income Statement forum: What are the..
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 5% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock.
What are the variable costing inventory cost per unit be for 2010,2011, and 2012, respectively?
Of what value is information about this type of transaction? What is the reason for its exclusion from the statement of cash flows?
How much gain or income will Bob recognize on his contribution of the land to the partnership? Illustrate what is the character of any gain or income recognized?
Complete the December 31, 2011, balance sheet and prepare a statement of cash flows for the year ended December 31, 2011, using the indirect method.
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