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AP 2-10 Accounting for cost order system;
Major costs for setting up business Linens $1400, two complete silver services $1700, glass plates and cups $2400 and cake tools/accessories $800. All of these items willl last 10 years with no salvage value. On average utilites are $200 higher than when not catering. All baking and cooking supplies are treated as direct materials and the only cost incurred is liability insurance at $1700 per year. All direct materials are brought with cash and the owners pay themselves $38 dollars per hour. Duning the month of June 5 weddings were catered:
Redfern wedding-direct costs $480, labor 27 hours, Miller wedding-$820 direct costs, 44 hours labor, Walker wedding-$563 direct costs, 23 hours labor, DeSilva wedding-$1850 direct costs, 94 hours labor and Estes wedding $620 direct costs, 31 hours labor.Prepare job costs sheets for each of the five catering jobs and calculate income for the month of June.
doaktown products manufactures fishing equipment for recreational uses. the miramichi plant produces the companys two
on january 1 tellier corporation had 64400 shares of no-par common stock issued and outstanding. the stock has a stated
mark was injured in an auto accident. the insurance company is offering a settlement of 450000 to be paid in a lump sum
Mindful of these considerations, Gillian,Goelzer, and the other board memebers mulled over the options: Should they approve the standard as proposed Should they accommodate the critics Should they find a middle ground If so, what provisions should..
stine manufacturing uses a job order costing system. on may 1 the company has a balance in work in process inventory of
A statement of comprehensive income does not include: A) Gains resulting from the return on assets exceeding expectations. B) Gains and losses on unsold held-to-maturity securities. C) Losses resulting from the return on assets falling short of expec..
allister company has a number of potential capital investments. because these projects vary in nature initial
The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:
caine bottling corporation is considering the purchase of a new bottling machine. the manchine would cost 200000 and
Journalize the transactions and the closing entry for net income and enter the beginning balances, and post these entries to the stockholders' equity accounts
a merger increases the number of voting shares of the surviving corporation by 23 percent. which of the required in
switzer inc. has 8 computers which have been part of the inventory for over two years. each computer cost 600 and
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