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Manufacturing overehad has an over allocated balance of 7500, raw materials inventory of 62000 works in process of 34000 finished goods of 25000 and a Cost of goods sold is 135000. After adjusting for the over allocated manufacturing overhead what is cost of goods sold
a. 142500
b. 135000
c. 7500
d.127500
Prepare journal entries, with workings and narrations, to record the changes to the carrying value of the Stimela train and the related tax in the financial statements of Enjoy-SA for the year ended 28 February 2005.
It has been determined that 2 tenants in $600 per month apartments and one tenant in the $1,000 per month apartment had not paid their December rent as of December 31st.
If a employee is Exempt and they are absent a lot, does the company have the right to deduct the days worth from the employees salary?
Stan Ross Company produces and sells a single product. Below is the information provided by Stan Ross Company: How many units must Stan Ross Company sell if the company desires to earn a net operating income that equals 15% of sales revenue?
On January 1: issued ten (10), $1,000 bonds at 102. The 5-year bonds, is dated January 1, 2014. The contract interest rate is 6%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1. b. On July 1: Frick ..
What relationship might exist between the material price variance and the material usage and labor efficiency variances and what relationship might exist between the labor rate variance and the labor efficiency variance?
Used at the planning, substantive testing, and final stages of the audit. Probability that client's internal controls system will fail to prevent or detect a material misstatement.
Senior managers at Midwest, Inc. meet each year to prepare the master budget. When they return from their meeting, they present the budget to the other employees. What risk does Midwest take by using this approach to budgeting?
During the current year, Ross Corporation purchased a warehouse for $45,000, paid $1,000 dividends, sold land for $7,900, and issued $25,000 of common stock.
Assume that only T1 and T2 are completed during the current period. Illustrate what is the amount of gain reported in A Company's consolidated financial statements?
Traves Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufacturing Overhead applied to Work in Process was $68,000. The journal entry to record the application of Manufacturing Overhea..
Hooper Printing Inc. has bonds outstanding with 10 years left to maturity. The bonds have an 9% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bond's market price has fallen ..
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