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Problem -
Assume that there were 16,000 units started in August. How many units were in BWIP for August?
For August, there were 17,000 equivalent units produced. Costs in BWIP were $4,000, and costs added for August were $30,000. What is the cost per equivalent unit for August?
For BWIP, the cost of materials is $10,000; the conversion cost is $40,000. Costs added during December are $20,000 for materials and $80,000 for conversion. What is the cost per unit if the department has 20,000 equivalent units of materials and 40,000 units of conversion costs?
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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