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Fairfax Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During September, the company transferred 725,000 units of product to finished goods. At the end of September, the goods in process inventory consists of 200,000 units that are 50% complete with respect to labor. Beginning inventory had $420,875 of direct materials and $82,500 of direct labor cost. The direct labor cost added in September is $1,567,500, and the direct materials cost added is $2,816,625. 1(a) Determine the equivalent units of production with respect to direct labor. 1(b) Determine the equivalent units of production with respect to direct materials. 2. Compute both the direct labor cost and the direct materials cost per equivalent unit. 3(a)Compute both direct labor cost and direct materials cost assigned to units completed and transferred 3(b)Compute both direct labor cost and direct materials cost assigned to ending goods in process inventory.
prepare journal entries to record the following production activities for sherman manufacturing.a. dec. 28incurred
What is the amount of the payments that Ned Winslow must make at the end of each of 8 years to accumulate a fund of $90,000 by the end of the eight year, if the fund earns 8% interest, compounded annually?
find a journal article online about standard costing. in the subject line of your post include the title of the article
Cameron Bly is a sales manager for an automobile dealership-Does the warranty accrual decision create any ethical dilemma for Bly? Since warranty expenses vary, what percent do you think Bly should choose for the current year? Justify your response.
Determine the due date and the amount of interest due at maturity on the following notes: Oct. 1 fee amount 10,500, interest rate 8%, and term of the note is 60 days, Aug. 30 18,000, 10%,120 days, May 30., 12,000, 12%, 90 days, March 6, 15,000, 9%..
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High-volume retailers generally use the retail method for valuing inventories Instead of the various cost methods. Identify and evaluate the conditions that may distort the results under the retail method.Compare the advantages of using the retail..
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timmer bachman founded the bachman corporation over 25 years ago. the companys genesis was the unique climbing
consider debating why or how the cost of meals could or should be considered or pursued as a unit-level cost versus a
What is the effect of the real-wage rate level on the quantity of labor supplied in the market?
how would the revenue journal be modified to accommodate sales of services on account requiring the collection of a
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