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Problem
Materials are added at the start of process and conversion costs are added evenly throughout. At the start of March WIP was 40% complete for conversion with material costs of 10000 and conversion cost of 60000.
Beginning WIP inventory-2000 units .Units started during the month the month - 15000 units .Units transferred to finish goods - 10000 units. ending WIP was 80% complete direct material cost - 500000. conversion cost - 751200
1. Prepare the production cost report for march using weighted average method.
How would you model explicitly these two factors' impact on equities A and B? What assumptions will be required to assure general applicability of the standard APT framework to this model?
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1.Mester Company has 10 employees. FICA Social Security taxes are 6.2% of the first $110,100 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay.
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