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The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Aug. 1 Bal., 5,000 units, 2⁄5 completed 8,000 31 Direct materials, 204,000 units 306,000 314,000 31 Direct labor 35,500 349,500 31 Factory overhead 29,076 378,576 31 Goods finished, 196,000 units 356,580 21,996 31 Bal. ? units, 3⁄5 completed 21,996 a. Determine the number of units in work in process inventory at the end of the month. units b. Determine the equivalent units of production for direct materials and conversion costs in August. If an amount is zero, enter in "0". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For August Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total
Identify the criteria used per GAAP to classify leases as capital leases or operating leases and explain the accounting for both the lessee and lessor for each This is for Intermediate Accounting 2.
The adjusted trial balance for Speedy Courier as of December 31, 2013, follows.
Determine the relevant costs for this order for the assembly division under both internal and outsourcing arrangements and determine the relevant costs for order for Davenport as a company under each of the sourcing arrangements.
Write a business memo, in proper form and grammar, that explains the changes in GAAP Standards to the new IFRS Standards.
On January ?2, 2014?, Sweet Pet purchased fixtures for $52,200 ?cash, expecting the fixtures to remain in service for six years Sweet Pet has depreciated the fixtures on a? straight-line basis, with $9,000 residual value. On July 31?, 2016?, Sweet Pe..
What is the depreciation expense for 2010 using the company's existing method and what is the depreciation expense for 2010 if Mary incorporates her changes to how depreciation expense is calculated?
Preparation of cash budget for a month - Prepare a basic cash budget for the month of January
Determine the total amount of factory overhead that should be allocated to sprockets using machine hours as the allocation base. If required, round your answer to the nearest dollar.
Prepare statement of cash flows using the direct and indirect method.
Determine how Jack Ltd should account for the results of the impairment test at 30 June 2015 and 30 June 2016, and prepare any necessary journal entries. Show all workings and provide references to the relevant accounting standard to support your ..
Billy Brown, owner of Billy’s Ice Cream On-the-Go, is investigating purchasing a new delivery van that would contain a custom-built refrigeration unit. What would be the total annual cash inflows associated with the new van for capital budgeting purp..
simons company leased a machine from a recognized machine dealer machine guarantee limited. the dealer acquired the
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