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information for the year ended December 31, 2010:Direct labor $16,840Direct material used 16,300General and administrative expenses 14,240Indirect production costs 16,780Selling expenses 13,599Work in process inventory, January 1, 2010 0Work in process inventory, December 31, 2010 0 Finished goods inventory, January 1, 2010 0Finished goods inventory, December 31, 2010 ?Cost of goods sold 42,720Requirements:A) What is the Cost of Goods Manufactured for the year ended December 31, 2010?B) What is Finished Goods Inventory at December 31, 2010?
Determine Equivalent Units of the Product Let assume there are 4,000 units of a product in ending inventory out of that 60 percent are fully complete whereas the remaining are
Classification of Labour Costs This can be classified into like: a) Indirect or Direct cost b) Variable or Fixed cost c) Non controllable and controllable cost a)
The sale turnover and profit during two period were as following Period 1=Sales Rs.20 Laks, and Profit Rs.2 Laks Period 2=Sales Rs.30 Laks, and Profit Rs.4.Laks Calculate P/V Ratio
From the information provided, determine: 1.) The amount of retained earnings at December 31 and 2.) The amount of revenues for the period. Additional data:1.)Expenses for the peri
LEV;LRV
General Motors has to raise new capital in one of the following three ways. Using the income tax rate of 32%, find the after-tax cost of new capital in each case. (A) Sell commo
ShipShape Company makes 2 different types of boats, commercial fishing and sail boats both for recreation and competition. The company consists of two different departments, design
Last in first out or LIFO LIFO is based upon the assumption such the stock purchased last is issued first. Stock valuation should here be based upon the prices ruling on acqui
Relationship among Financial Accounting and Cost Accounting The difference among management and cost accounting may be highlighted by using a number of questions namely as;
Q. Given the below, partial bond accretion table, what was the market rate of interest when the bond was issued? Cash Interest
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