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Instructions: Using the following data, complete the requirements given below. When you are given amounts to assume the answers to previous requirements, be careful to use such assumed amounts rather than your answers (in order to minimize carry-through errors). The Finishing Department of Wayland Fixtures reports the following for January 2014: Production: All materials are added at the beginning of the process. Beginning work in process 11,000 units, 20% complete. Units started into production 88,000 units. Ending work in process 9,000 units, 40% complete. Manufacturing Costs: Beginning work in process, $35,100, comprised of $21,100 of materials and $14,000 of conversion costs. Materials added $68,000; labor and overhead added $56,200. (a) Required: Compute equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion (b) Assume your answers to (a) above were 49,500 units for materials and 46,800 for conversion costs. Required: Compute the unit costs for the month. Materials Conversion (c) Assume your answers to (b) above were $1.50 for materials and $0.80 for conversion costs. Required: Determine the costs to be assigned to the units transferred out. (d) Assume the same unit costs as given in (c) above. Required: Determine the costs assigned to the 9,000 units in ending work in process.
lakeland motor homes is owned by joey and janice ramone. at the beginning of the year lakeland purchased a one year
the following is the sales budget for segura inc. for the first quarter of 2013 januaryfebruarymarchnbspnbspsales
on january 1 2012 gucci brothers inc. started the year with a 501000 balance in retained earnings and a 600000 balance
(TCO A) Blue Suede Construction Corp used the percentage-of-completion method of revenue recognition. They were contracted to build the new amphitheater for $800000. Additional information was provided:
Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?
the pletcher transportation company uses a responsibility reporting system to measure the performance of its three
three years ago a machine was purchased for 5000. assuming a ten-year life and straight line depreciation with a no
wills and turkvant inc. have a deferred tax liability of 68000 at the beginning of 2013. at the end of 2013 the company
nomar industries inc. operates in several lines of business including the construction and real estate industries.
Prepare the statement of cash flows for ATM Software Developers using the indirect method.
which of the following products probably would be manufactured using a job order costing system?a. paperb. baseball
farmer inc manufacuring automation machinary according to customer specification the company operated at 75 percent of
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