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Fleming, Fleming and Johnson, a local CPA firm, rpvided the following data for individual returns processed for march (output is measured in number of returns):
required:
1.Prepare a physical flow schedule
2.Prepare an equivalent units schedule. Explain why output is measured in equivalent units.
3.What if EWIP is 80 percent complete? How would this change affectt the physical flow schedule? The equivalent units schedule?
sarah has investments in four passive activity partnerships purchased several years ago. last year the income and
Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted basis of $40,000 and a fair market value of $100,000.
do you think budgetary accounting and budgetary reporting is a good thing? does it fulfill the original purpose for
identify each of the following responsibility centers as a cost center a revenue center a profit center or an
kaplan company inc. uses a normal costing system and estimated its overhead costs for the current year to be as follows
Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively. Compute the gain recognized by Demers Company relating to the equipment for 2006
A 15% increase in production will result in: A) a 15% increase in the variable cost per unit B) a 15% increase in total mixed costs C) a 15% increase in total manufacturing costs D) a 15% decrease in total variable costs
heritage furniture co. uses a standard cost system. one of thecompanys most popular products is an oak
a tomorrows electronic center began october with 90 units of inventory that cost 70 each. during october the store made
gentry inc. acquired 100 of gaspard farms on january 5 2010. during 2010 gentry sold gaspard farms for 625000 goods
Management's inventory policy is to have ending inventory equal to 1.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at March 31 will be $170,000.
Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
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