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Work and answer the following problems, showing all work where applicable:1. Use the correct number to designate each item below.1. direct materials2. selling and general expenses3. manufacturing overhead4. direct laborA) _________ Rent expense on factory buildingB) _________ Sales supplies usedC) _________ Factory supplies usedD) _________ Indirect materials usedE) _________ Wages of assembly line personnelF) _________ Cost of primary material used to make productG) _________ Depreciation on office equipmentH) _________ Rent on office facilitiesI) _________ Insurance expired on factory equipmentJ) _________ Utilities incurred in the officeK) _________ Advertising expenseL) _________ Taxes paid on factory building2. Devin's Dufflebags sells camping equipment. Sales Revenue for January 2009 totaled $55,400. Other information included:Purchases $18,360Selling Expenses 15,360Beginning Merchandise Inventory 7,200Ending Merchandise Inventory 5,780Freight-in 140
Depreciation on building 340
1. Prepare the income statement for that month.
2. What is the Cost of Goods Available for Sale?
3. What are the total period costs?
there have been a series of burglaries in the local area where you live. you get to work and see that your boss has
Are there any other regulatory controls or mechanisms (other than internal controls) that could prevent management fraud in Australia? If so, briefly discuss the ability of these mechanisms to prevent fraud?
Manufacturing costs consisited of direct labor,$30000,direct materials $32000,varible manufaacturing overhead,$3500,fixed manufactring overhead $21500.Selling and administrative costs are all fixed and totaled $24000.Beginning inventory consists o..
The convergence process is likely to lead to the acceptance of the IFRS approach. Explain whether or not you agree with this decision.
The human resources department costs are allocated using the direct method and based on the number of employees, and the total amount of costs for the department is $187,000.
Prepare the companys cash budget for October in good form.
Provide the National Star Inc. journal entries for the transactions involving its investment in Krypton Labs Inc. during 2010.
data pertaining to the postretirement health care benefit plan of sterling properties include the following for 2013 in
State whether each of the following statements is true or false.
During February 2008, its first month of operations, the Rutwing Enterprises issued stock in exchange for cash of $25,000. Rutwing had cash revenues of $4,000 and paid expenses of $7,000. Assuming no other transactions impacted the cash account, w..
Elizabeth's property had an adjusted basis of $9000 and a fair market value of $10,500, and Elizabeth gave Debbie $4500 in cash. Determine Debbie's and Elizabeth's realized gain of loss, recognized gain or loss and the basis in their new property.
What is the incremental cost associated with producing an extra 50,000 jars of salsa. What is the incremental cost associated with the price reduction of $0.30 per jar?
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