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Kao Tiles, Inc. is a specialized producer of ceramic tiles. Its production process involves highly skilled workers and top quality ceramic craftsmen. Work in Process is relatively large because each tile is in process for up to three weeks because of art, mold work, and drying time. October began with 5,000 units (a unit is 1 ceramic tile) in process, on average 65 percent complete as to direct materials and 35 percent complete as to conversion costs; 6,000 units were started during the month, and ending Work in Process inventory consisted of 7,000 units that were on average 75 percent complete as to direct materials and 50 percent complete as to conversion costs.
Required:
a. Prepare a production cost report for the month of October.
b. Prepare the journal entry to recognize the transfer of the units completed and transferred to finished goods during October.
The company exercises the call option after the semiannual interest is paid on June 30, 2011. Record the entry to retire the bonds - Record the entry for the conversion of the bonds.
Lewis Auto Company manufactures a part for use in its production of automobiles. When 10,000 items are produced, the costs per unit are:
Your firm has a debt-equity ratio of .40. Your cost of equity is 12% and your after-tax cost of debt is 6%. What will your cost of equity be if the target capital structure becomes a 50/50 mix of debt and equity?
Jennifer Brent leases the equipment to Havaci Inc. for one year with one rental payment of $15,000 on January 1. Prepare Jennifer Brent Corporation's 2008 journal entries.
33.which is least likely to be the reason for resistance to major changes in job content and procedures by people who have been doing the job with moderate success for many years
What is the standard cost of a single blanket and what was the actual cost per blanket produced during March what was the direct materials price variance for March
polycorp is considering an investment in new plant of 3 million. the project will be financed with a loan of 2000000
Process Solutions provides a computer-based document processing service
Calculate the variances for the year ended December 31,2011, identify the person/department to get additional information from regarding the variances and lastly suggest one plausible explanation for each variance.
An advertising agency is estimating costs for advertising a music festival.
Write a paragraph elaborating on the justification provided by Suzette Barger.
1.Gazelle Corporation, a merchandiser, recently completed its calendar- year 2013 operations. For the year,
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