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Swedish Navy Company manufactures wristwatches on an assembly line. The work in process inventory as of March 1 consisted of 1,000 watches that were complete as to materials and 75% complete as to labor and overhead. The March 1 work in process costs were as follows: Materials.$ 5,000 Labor. 5,000 Overhead .8,000 Total. $18,000 During the month, 10,000 units were started and 9,500 units were completed. The 1,500 units of ending inventory were complete as to materials and 25% were complete as to labor and overhead. The costs for March were as follows: Materials . $ 61,000 Labor. 20,000 Overhead. 48,000 Total.$129,000 Calculate: a. Equivalent units for material, labor, and overhead, using the average cost method b. Unit costs for materials, labor, and overhead c. Cost of the units completed and transferred d. Detailed cost of the ending inventory e. Total of all costs accounted for
USAco, a domestic corporation, is a wholly-owned subsidiary of FORco, a foreign corporation. USAco's only assets are cash of $200,000, accounts receivable of $200,000 and its U.S. manufacturing plant worth $500,000. USAco has no liabilities. FORco se..
He wants to settle the case. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy'..
len is entitled to receive monthly payments of 1,500 over his life from his employer's qualifield pension plan the payments begin january 1, 2011 he contributed 71,500 to the plan prior to his retirement at age 62. using the simplified method, how..
state with reasons that whether the following items are capital or revenuea purchase of land.b installation of plant
Nichols Company has a selling price of $150 per unit, variable costs $90 per unit and total fixed costs of $300,000. The number of units that Nichols Company must sell to reach targeted operating income of $90,00 is:
The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours.
a broad principle that requires identifying the activities of a business with specific time periods such as months
No Income Gainedfrom Revaluations- You are required to work as a research team intending to present your findings in a suitable written format
Denard has a desired ending balance of shoes on hand equal to 10% of the following month's expected shoe sales. On December 31, Denard had 5,000 shoes in stock.
Jurassic Company owns equipment that cost $1,867,500 and has accumulated depreciation of $788,500. The expected future net cash flows from the use of the asset are expected to be $1,037,500. The fair value of the equipment is $830,000.
the cost accountant for blue pharmaceuticals has informed you that the companys materials quantity variance for the
A company shows common size comparisons for two years on balance sheets. There is almost a two-fold increase in cash and equivalents, a 3% decrease in inventories, a small decrease in net property and equipment, and a large increase in retained ea..
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