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For supply item HM, Bertha Company has been ordering 130 units based on the recommendation of the sales person. Who calls on the company monthly. The company has hired a new purchasing agent, who wants to start using economic-order-quantity method and its supporting decision elements. She has gathered the following information: Annual demand in units 500 Days used per year 500 Lead time, in days 30 Ordering cost $125 Annual unit carrying cost $20 Determine the EOQ, average inventory, orders per year, average daily demand, reorder point, annual ordering cost, and annual carrying cost.
which one of the following accounts would not appear on the consolidated financial statements at the end of the first fiscal period of the combination?
Prepare a schedule showing the annual depreciation and end of year accumulated depreciation for the first three years of the asset's life under the straight-line method.
erlander company uses a job order cost accounting system. on november 1 2013 15000 of direct materials and 3500 of
Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. The amount of federal income taxes withheld each mon..
the primary reason for the popularity of lifo is that ita. provides better matching of physical flow and cost flow.b.
1. the debit to factory overhead for the cost of indirect materials is obtained from the summary of the materials
carter company manufactures cappuccino makers. for the first eight months of the year the company reported the
Moreno industries has adopted the following production budget for the first 4 months. Prepare a direct material purchase budget by month for the first quarter.
On May 1, 2010, Kirmer Corp. purchased $450,000 of 12% bonds, interest payable on January 1 and July 1, for $422,800 plus accrued interest. The bonds mature on January 1, 2016.
on january 2011 intech co. pays 1350000 for a tract of land with two buildings. it plans to demolish building a and
lander inc. had the following balance sheet at december 31 2008lander inc. balance sheet december 31
the sweetwater candy company would like to buy a new machine that would automatically dip chocolates. the dipping
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