Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Finding the equivalent units for materials and conversion.
Bell Computers, Ltd., located in Liverpool, England, assembles a standardized personal computer from parts it purchases from various suppliers. The production process consists of several steps, starting with assembly of the \"mother\" circuit board, which contains the central processing unit. This assembly takes place in the CPU Assembly Department. The company recently hired a new accountant who prepared the following report for the department for May using the weighted-average method:
Quantity Schedule
Units to be accounted for:
Work in process, May 1 (materials 90% complete; conversion 80% compete)
5,000
Started into production
29,000
Total units
34,000
Units to be accounted for as follows:
Trasferred to next department
30
Work in process, May 31 (materials 75% complete; conversion 50% compete)
4,000
Cost Reconciliation
Cost to be accounted for:
Work in process, May 1
£ 13,400
Cost added in the department
87,800
Total cost to be accounted for
£101,200
Cost accounted for as follows:
Work in process, May 31
£ 8,200
93,000
Total cost accounted for
The company\'s management would like some additional information about May\'s operation in the CPU Assembly Department. (The currency in England is the pound, which is denoted by the symbol £.)
What were the costs per equivalent unit for May?
What does the IFE suggest about differential in expected inflation in these two countries? Using this information and the PPP theory, describe the expected nominal return to U.S. investors who invest in Mexico.
If a preferred stock pays an annual $4.50 dividend, what should be the price of the stock if comparable yields are 10 percent? What would be the loss if yields rose to 12 percent?
On Nov. 10, 2010, Matt purchased an addtional 1,000 shares of Orange Corporation stock from a friend for $150,000. On Sept, 15, 2011, Matt sold the 4,000 shares of stock for $120,000. How should Matt treat sale of stock on his 2011 return?
Karen is single and is an active participant in her employer retirement plan. She contributed $5,500, the maximum amount allowable, to an individual retirement account (IRA)
Why are the itemized deductions what they are? Why allow home mortgage interest, not credit card interest? Why allow medical expense deductions, not school expense deductions? Why allow state and local income and property taxes.
Find what transfer price would you recommend and why and evaluate what transfer price would you recommend if the Battery division is now selling 1,000,000 batteries a year to retail outlets?
Explain the products and the production process and discuss specific costs you believe would be incurred prior to the cut off point.
Prepare the suitable journal entry, if any, to record this accounting change. Purpose the journal entry to record depreciation for 2013.
What considerations should the owners make in this termination? Should they consider making an S election and then later, terminating the S corporation? If you were their tax advisor, what would you recommend?
Compute the annual breakeven number of meals and sales revenuefor the restaurant. Also compute the number of meals and the amountof sales revenue needed to earn operating income of $75,600 for theyear. How many meals must the Homs serve each night..
Calculating Ending Inventory in both units and dollars, Cost of Goods sold, Commission to Manager & Gross Profit for the given period and evaluate cost of goods available for sale and the number of units available for sale.
How will the construction of the plant affect GDP? Suppose the plant generates $100,000 in corporate profits this year. Will these profits contribute to GDP? Why or why not?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd