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In 2011, the cost of producing a foot of pipe was $0.30, and the selling price was $0.39 per foot. In 2012, production costs increased to $0.40 per foot, although the selling price remained at $0.39.
The increase in cost was obvious. Material and labor had remained fairly constant per foot of pipe, but over head costs, which were $0.15 per foot in 2011, had increased to $0.26 in 2012.The problem was that most overhead costs were fixed, but output had decreased due to weak crop prices and a corresponding decrease in spending on irrigation projects. Bob Elger, CFO of Jensen, reviewed the data generated by the company's process costing system.
Polaris must assign overhead costs to its products.
Evaluate Pursco's foreign tax credit limitation under the subsequent independent assumptions.
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matador inc. sells computer monitor screens. the direct labor dl rate includes wages benefits and payroll tax. direct
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Global Partners is a manufacturing company that produces parts both for inventory and to custom specifications. Parts produced for inventory are sold at prices determined in the market.
What is the amount of the loss from the hurricane?
Prepare a schedule analyzing the physical flow of units and computing the equivalent units for both direct material and conversion costs for they ear.
Journalize the adjusting entry for bad debts at December 31, 2013 - Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of 51,700 and the aging schedu..
Auditors should decide, based upon cost considerations, whether to test the design effectiveness or operating effectiveness of controls. Inquiry alone provides sufficient evidence to support operating effectiveness of a control.
Journalize the annual adjusting entries that were made - prepare an income statement and a retained earnings statement for the year ending December 31, 2011, and a balance sheet at December 31.
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