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Standard Company manufactures a product that passes through two processes: assembly and packaging. The information for the Assembly Department for September follows:Work-in-process, Sept. 1:Units (40 percent complete) 15,000Direct materials 4,000Direct labor 3,000Overhead 2,376During Sept., 100,000 units were completed and transferred to Packaging. The following costs were incurred by the Assembly Department during September:Direct materials 50,000Direct labor 30,000Overhead 12,000There were 8,000 units that were 60 percent complete for both the materials and conversion cost remaining in the Assembly Department at Sept. 30. Use the weighted average method and round unit costs to 4 decimal places.
Required:a. Determine the equivalent units in process.b. Determine the Total Costs To Account .c. Determine the costs per equivalent unit assuming all costs are added uniformly during the assembly process.d. Determine the Accounting for Total Costs.
During the calendar year 2011, S Company earned $840,000 evenly throughout the year and declared a dividend of $300,000 on November 1. What is the amount needed to establish reciprocity under the cost method in the preparation of a consolidated wo..
During 2010, Markel had actual outlay of $48,000 for repairs under warranty. Markel employs the expense warranty accrual method-What amount should the company report for estimated liability under warranties at the end of 2010?
1. if improvement in a performance measure on a balanced scorecard should lead to improvement in another performance
on january 3 2010 moss co. acquires 100000 of adam companys 10-year 10 bonds at a price of 106418 to yield 9. interest
Prepare a differential analysis report, dated February 8 of the current year, on the proposal to discontinue Product J. Calculate the annual differential profit.
he income statment must distinguish the financial results of the local theater companys core and perpheral activities.
What is activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method? Do you prefer ABC over traditional costing methods?
accounting practices for interest expenditures may neither reflect actual economic cost nor mirror those for interest
rosenholm corporation uses a discount rate of 18 in its capital budgeting. partial analysis of an investment in
The beginning work-in-process inventory was $6,000; the ending work-in-process inventory was $5,000. Assume that 1,000 units were produced during the month.
assume that you are the president of highlight construction company. at the end of the first year december 31 2014 of
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct and indirect method.
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