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Valley Manufacturing Corporation's beginning work in process inventory consisted of 12,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning inventory was $35,000. During the month, 55,000 units were transferred out. The equivalent unit cost was computed to be $2.5 for materials and $3.9 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:
Ellis issues 6.5%, five year bonds dated January 1, 2013, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market rate is 6% on the issue date. Calculate the total bond int..
At the beginning of the machine's sixth year it was recognized the machine had three years of remaining life instead of five and that at the end of the remaining three years its salvage value would be $1,600. What amount should be recorded for dep..
Make a flexible budget for the Beverage Division using production levels of 45,000 units, 50,000 units, and 55,000 units. If required, round per unit amounts to two decimal places
The firm has conducted significant market research and estimated the following pattern for sales of the new product - product, and selling and administrative expenses are expected to average $50,000 per year, what is the target cost to produce the n..
determine the total overhead from the given data.winkle kotter and zale is a small law firm that contains 10 partners
What is the net present value of purchasing the land and growing the willow after 12 years? If the price for the willow drops to $25 per ton in year 11, should the farmer harvest the willow in year 12? (and calculate that NPV) Assume a 6% discou..
Identify weaknesses in current procedures, and explain the threats that they may allow to occur and suggest ways to improve the Kowal manufacturing Company's internal controls over hiring and payroll processing.
Bledel Company had accounts receivable of $100,000 on January 1, 2010. The only transactions that affected accounts receivable during 2010 were net credit sales of $1,000,000, cash collections of $900,000, and accounts written off of $30,000.
The management of a private hospital is considering the installation of an automatic telephone switchboard, which would replace a manual switchboard and eliminate the attendant operator's position the class of service provided by the new equipment, i..
Illustrate what volume was the old break-even and what is the new break-even? In order to make the same profit how many more packages needs to be produced?
Journalize the April transactions using a periodic system and At the beginning of the current season on April 1, the ledger of Four Oaks Pro Shop showed Cash $2,500; Merchandise Inventory $3,500; and Common Stock $6,000.
On Jan 1, a company issues bonds with a par value of $300,000. The bonds mature in 5 years and pay 8% annual interest each June 30 and Dec 31. On the issue date, the market rate of interest is 6%. Compute the price of the bonds on their issue date. T..
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