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The inventory at May 1 and the costs charged to work in process-department B during May for Stella Company are as follows. Beginning WIP, 12,000 UNITS, 60% completed - 62,400 From Department A, 55,000 units started this period: Direct materials added - 115,500 Direct Labor incurried - 384,915 Factory overhead incurred - 138,000 During May all direct materials are transferred from Department A, the units in process at May 1 were completed and of the 55,000 units entering the department, all were completed except 6,000 units which were 70% completed. Inventories are casted by the FIRST-IN-FIRST OUT METHOD.
as a long-term investment at the beginning of the fiscal year florists international purchased 30 of nursery supplies
Locust Corporation desires to set up a distribution facility in a southern state. After considerable negotiations with a small town in Alabama , Locust accepts the following offer: land (fair market value of $3million) and cash of 1million.
one difference between financial and managerial accounting is that the external users that use financial information
memofax inc. produces memory enhancement kits for fax machines. sales have been very erratic with some months showing a
what is meant by the evaluation of a clients ability to continue as a going concern? what are some situations that
lucas company recorded the following events last year on the statement of cash flows some of these events are
Vacation pay and pension benefits - The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period.
What is most likely to worng in the analysis of direct material and other direct costs and what can be done about it?
Gordon died on January 1 and by his will left land with an adjusted basis of $60,000 and a FMV of $100,000 to Becky. Becky disclaims the property on December 31 of the year of death, when the land was still worth $100,000. Becky has made a gift (b..
you are the manager of an accounting department and would like to hire another managerial accountant to focus on
As corporate controller for Apollo Shoes, you are tasked to find and explain any irregularities in the Apollo Shoes Case.
A business simulation game that is used by colleges and universities all over the world has students submit decisions over the Internet. Decisions are stored online, processed on the server, and then the results are stored online.
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