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Craft Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units. Data for December 2012 are as follows:
Costs for December WIP, beginning inventory
What is the total cost per equivalent unit using the weighted-average method of process costing?
Surendra's personal residence originally cost $340,000 (ignore any value assigned to land). After living in the house for five years, he converts it to rental property. At the date of conversion, the fair market value of the house is $320,000.
If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
A bond issued with a face value of $200,000 and a carrying amount of $195,500 is paid off at 98 1/2 and retired. The gain or loss on this transaction is:
the cost accountant for blue pharmaceuticals has informed youthat the companys materials quantity variance for the
during 2010 jennifer industries reported cash provided by operations of 230000000 cash used in investing of 343000000
The gain or loss on the effective portion of a U.S. parent company's hedge of a net investment in a foreign entity should be treated as:
What is the income reported by Regal during 2012 pertaining to the Air investment?
A traveling salesperson who solicits and transmits to the principal orders for merchandise for resale is considered an employee under FUTA.
1. which of the following is true regarding proprietary fund accounting the economic resources measurement focus and
winston has the following account balances as of february 1. inventory- 600000 land- 500000 buildings net valued at
grayson bank agrees to lend the trust company 100000 on january 1. trust company signs a 100000 8 9-month note. the
evaluate collection of accounts receivable.compute for each year a the accounts receivable turnover and b the average
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