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McMillian Tire Company produces tires used on small trailers. The month of June ended with 700 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to conversion costs; 3,900 tires were transferred to finished goods during the month, and 2,900 were started during the month. The beginning Work in Process inventory was 60 percent complete as to direct materials and 40 percent complete as to conversion costs.Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs
ice cream galaxy icg operates out of four stalls in an amusement park in florida. the stalls are of equivalent size
the cost accountant for blue pharmaceuticals has informed you that the companys materials quantity variance for the
which of the following would not be categorized as current assets?1. stocks2. debtors3. plant and machinery4. cash in
dcl industries purchased a supply of mechanical components from e corporation on november 1 2013. in payment for the
What is the difference between the auditor's approach in verifying sales returns and allowances and sales? Why is there a difference?
On February 10, Peerless Rocks Inc., a marble contractor, issued for cash 40000 shares of $10 par common stock at $34, and on May 9, it issued for cash 100000 shares of $5 par preffered stock at $7. a. Illustrate the effects on the accounts and fi..
a bakery company is considering one capital budgeting project involving the replacement of a sophisticated brick oven
why does a company perform ratio analysis? what are the turnover ratios? describe the formula for one turnover ratio
Cypress Corporation has regular taxable income of $170,000 (assume annual gross receipts are greater than $5 million) and regular tax liability of $49,550 for 2010.
Sarah and Emily form Red Corporation with the following investments: Sarah transfers computers worth $200,000 (basis of $80,000), while Emily transfers real estate worth $180,000 (basis of $40,000) and services (worth $20,000) rendered in organizi..
blueline tours inc. operates tours throughout the united states. a study has indicated that some of the tours are not
sissac catering uses two measures of activity jobs and meals in the cost formulas in its budgets and performance
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