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The Leo company uses the weighted average method in its process costing system. The beginning work -in- progress inventories carried a total of $ 35,000, total material and conversion costs added during the month were $350,000 and $280,000 was assigned to completed units. The company ending work-in in progress inventory consisted 15000 units . The units in ending work in process inventory were 50% complete with respect to materials. If the cost per equivalent unit for the current period was $3.50 for materials and $8.75 for conversion cost, the ending work in progress percentage of completion with respect conversion bcost was closet to.
1. Internal controls are a set of procedures adopted by an organization primarily to check frauds and errors and increase operational efficiency.Consider the aspects of internal control and respond to the following:List ten internal controls that an ..
exchange for his half-interest in their home with a total value of $150,000 and a basis of $130,000. What are Janet and Herman’s realized and recognized gains or losses on this exchange?
A candy factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. The overtime wages should be expensed in
Hercules Chemical Corporation uses process costing to calculate unit costs. For one of its products, conversion cost per unit equals $6. Total materials costs equal $80,000. Equivalent units for materials are 10,000. What is the total manufacturing c..
Thunderbird uses a job-order cost system and applies factory overhead to production orders on the basis of direct labor costs. The overhead rates for '19x9 are 200 percent for Department A and 50 percent for Department B.
Harris has decided that one way to make the division more profitable is to manipulate the inventory because it represents a large amount of FD's balance sheet. He also knows that controls over inventory are weak. He views this inventory manipulati..
What is the net advantage or disadvantage of re-working the keyboards?- What amount of shipping department costs should be allocated to these sales.
Identify the major components of stockholders' equity by examining the Statement of Stockholders Equity. What types of accounts and transaction resulted in major changes in the Stockholder Equity accounts during the most recent year?
The selling price of the equipment is $325,000, and the rate implicit in the lease is 8%, which is known to Silver Point Co. What is the book value of the leased asset at December 31, 2011, and what is the balance in the Lease Liability account?
prepare a cash budget and a schedulenbsp of expected cash collections for the data furnished below.jodi horton
The DRM only has Operations and Maintenance, Army (OMA) funds to purchase the system. The DRM must spend less than what amount to use Operations and Maintenance, Army appropriations for the computer system?
WWE accountants obtain monthly cost information and use regression to derive the cost function below. What variable specific to WWE might the X represent
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