Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Clash Company uses Normal Job-Order Costing in its individual production department. Overhead is applied to jobs by a predetermined rate, which is depend on machine hours. The Company started business on December 1, 2011. The only job began into process during December was Job 45. During December the Company purchased direct materials with a total cost of $15,000. Of this total for direct materials, $2,500 was used on Job 45. The Company also charged a total of $7,500 in conversion costs (direct labor + overhead) to Job 45 during December. Job 45 was NOT finished as of the finished of December and no other jobs were worked on during the month. There was no underapplied or overapplied overhead for December. The following transactions happend during 2012.1. Estimated overhead for 2012 is $384,000. The estimated machine hours for 2012 total 24,000.2. Direct materials purchased during 2012 cost a total of $150,000.
Task:
A. Compute the ending balances in Materials Inventory and Work In Process Inventory as of December 31, 2011.B. Without preparing a schedule, what is the Cost of Good Manufactured for December 2011?
Nieland Industries had one patent recorded on its books as of January 1, 2014. This patent had a book value of $288,000 and a remaining useful life of 8 years. During 2014, Nieland
A listed entity, had 3,000,000 $1 ordinary shares in issue, On 1 January 2009 CSA.CSA made a bonus issue of 1 for 3, On 1 May 2009. CSA issued 2,000,000 $1 ordinary shares for $3.2
what is marginal costing and explain concept of marginal costing
Chen Enterprises purchased 67,000 pounds (cost = $616,400) of direct material to be used in the manufacture of the company''s only product.
are exploration costs of a mining company an asset or an expense
What will be the cost of Well Water after considering the financing surrounding the purchase (savings on the loan), Well Water's (net) working capital situation, and the additional
question and answer: XYZ trading purchased 6,850 killos of material at a total cost of 21,920.00. The material price variance was 1,370.00 favorable. The standard price per killo w
A small company employing around 25 people manufactures and sells anthropometric measuring equipment - equipment used mainly in hospitals to measure the height and other dimensions
Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p
Slick Corporation is a small producer of synthetic motor oil. During May, the company produced 5,000 cases of lubricant. Each case contains twelve quarts of synthetic oil. To achie
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd