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Pullian Company makes a variety of chemicals. Its Mixing Department reports the following information for the May of the current year:Units:Started and completed 8,000Unfinished units* 2,500*100% complete for direct materials and 30% complete for conversionCosts incurred during the current periodDirect materials $110,000Direct labor $55,000Manufacturing overhead $79,750Compute the cost per equivalent unit for direct materials and conversion.
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received has been recorded. The population for this test consists of all:
what are the main objectives of ratio analysis and why is this important to external users of the financial statements
At the end of your accounting cycle, you have $500,000 in customer deposits. How do you state and properly account for this activity in your financial statements?
Veron Corporation purchases potatoes from farmers. The potatoes are then peeled, producing two intermediate products-peels and depeeled spuds.
The entity's balance date is 30 June, and it uses the straight-line method of depreciation. On 1 July 2011, the value is use was estimated to be $45,000 and the net selling price was $48,750. Prepare the journal entries in relation to the equipmen..
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
Australian financial reporting regulatory environment, the issues of regulatory capture and private interests do adversely affect the objective of the provision of useful information for users of public company financial reports
How would your answer to Part a. change, if at all, if the FMV of the gift property was $85,000 as of the date of the gift.
How much estate tax under the 2012 rate schedule and unified credit will Jones save if he dies after three years, during which time the property appreciates to $6.8 million?
If the cost of the beginning goods in process inventory is $10,200, costs of goods manufactured is $812,000, direct materials cost is $332,000, direct labor cost is $212,000, and overhead cost is $317,000, calculate the ending goods in process..
Tracy co. owns 4,000 of the 10,000 outstanding shares of penn corp. common stock. during 2010, penn earns 120,000 and pays cash dividends of 40,000. if the beginning balance in the investment account was 240,000 the balance at december 31, 2010 sh..
Suppose that the Lai Jean Co. expects before tax earnings of 5 million this coming year, assuming no liability losses. However, there is a 2 percent chance that Lai will lose a $10 million lawsuit during the year.
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