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Raw materials, $32,000; Work in process, $80,000; Finished goods, $10,000.During the accounting period, the company purchased $50,000 of raw materials and ended the period with $6,000 in raw material inventory. Direct labor costs for the period were $110,000 and $26,000 of manufacturing overhead costs was allocated to work in process. There was no over or underapplied overhead. Ending work in process was $72,000 and ending finished goods inventory was $25,000. Goods were sold during the period for revenue of $340,000. How much gross margin would be reported in 2012?
mitchell company has total current assets of 45000 which includes inventory of 10000 and current liabilities of 17300.
nonexchange expenditures are the mirror image of nonexchange revenues. a state government provided several grants to
the standard cost sheet calls for 80 pounds of zinc per batch of 70 faucets. zinc has a standard price of 5.10 per
Determine the order quantity at which the total inventory costs would be minimized? What is the reorder point and the time between orders? Illustrate the order quantity, re-order point, safety stock and lead time on a diagram where the Y-axis repres..
what is the value of total contribution and net profit per unit in the case discussed below? sales units 100000 selling
on january 1 2012 graham company purchased a new machine for 2800000. the new machine has an estimated useful life of
What is the justification for a corporation determining income for financial reporting purposes differently than the way it is determined for tax purposes?
Contributing to the loss were (a) a penalty of $4 million assessed by the Environmental Protection Agency for violation of a federal law and paid in 2011 and (b) an estimated loss of $5 million from accruing a loss contingency. The loss will be ta..
piab enterprises has identified the following as having an impact on the companys quality costs1. inspection of
What is the difference between Kamath's and Gehr's required rates of return? (Hint: First, find the market risk premium, then find required returns on the stocks.)
paradise pottery had the following costs in may when production is 800 ceramic pots materials 8700 labor variable 2900
Davie Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable factory overhead rate is $6.00 per direct labor-hour; the budgeted fixed factory overhead is $92,000 per month, of which $16..
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