Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1, 2016: Work in Process-Sifting Department (800 units, completed): Direct materials (800 × $2.15) $1,720 Conversion (800 × × $0.40) 192 $1,912 The following costs were charged to Work in Process-Sifting Department during July: Direct materials transferred from Milling Department: 16,700 units at $2.25 a unit $37,575 Direct labor 4,540 Factory overhead 3,020 During July, 16,400 units of flour were completed. Work in Process-Sifting Department on July 31 was 1,100 units, completed. Required: 1. Prepare a cost of production report for the Sifting Department for July. 2. Journalize the entries for costs transferred from Milling to Sifting and the costs transferred from Sifting to Packaging. Refer to the Chart of Accounts for correct wording of account titles. 3. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs. 4. Discuss the uses of the cost of production report and the results of part (3).
1. refer to the financial statements of urban outfitter in appendix c at the end of this book1. how much did prepaid
on january 2 2007 picard enterprises issued 2400000 of 8 percent 15 year semi-annual coupon bonds to yield 7.5
Georgia Company purchased equipment in 2001 for $90,000 and estimated a $6,000 salvage value at the end of the equipment's 10-year useful life. Create the appropriate journal entries to remove the equipment from the books of Georgia Company on Ma..
Explain why the relationship between Bosco Ltd and Circus Ltd is a parent-subsidiary relationship and not an associate relationship.
What is the margin of safety in sales dollars-What amount of sales dollars is required to earn an annual profit.
On January 1, 2010, the Powder Company listed the following stockholders equity section of its balance sheet:
GRIZZY, INC. issued $100,000 worth of 10%, five-year bonds at a price of $108,111 when the market rate of interest was 8% (interest is payable semi annually). Calculate the amortization of the bond premium assuming the effective interest amortization..
Complete a writing activity based on the following situation: Two brothers and a friend are in the process of starting an information technology services company. Each of the prospective partners has relevant experience and knowledge. The compa..
Coffee Shop Doughnuts has current assets of $280 million; property, plant, and equipment of $430 million; and other assets totaling $170 million. Current liabilities are $170 million and long-term liabilities total $300 million. Use these data to wri..
The number of work hours per week is an important part of most job descriptions. Recently English Government has passed a law requiring companies in England to reduce the work hours from 40 to 35 to lower country's unemployment rate.
Hellen Company estimates its bad debt expense to be 1.5% of net sales. Determine its bad debt expense for 2014.
Compute the net increase or decrease in net income for the month from the recognition of the adjustments in (1). (Ignore income taxes.)
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd