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A company regularly uses material F04E and currently has in stock 457 liters of the material for which it paid $2,619 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.21 per liter. New stocks of the material can be purchased on the open market for $5.81 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 700 liters of the material to be used in a job for a customer. The relevant cost of the 700 liters of material F04E.
Balance sheet accounts for Dale's Delight ful Florist Shoppe at the end of a recent fiscal year are listed below. Prepare a schedule demonstrating the assets= liabilities + owner'sequity for the company.
kilgore auto parts reported the following information at december 21 2004. preferred stock 12 1 par 50000 shares
Compute the equivalent units for the month for the first department. Determine the costs per equivalent unit for the month.
Distinguish between ‘Direct' and ‘Indirect' labor cost and what do you understand by ‘labor turnover'? What are the causes for the same? How will you prevent labor turnover in your organization?
ABC Company's overhead amounts to $300,000 per period based on an output of 200 units of A, 300 units of B, and 500 units of C. Direct labor costs of A, B, and C per unit amount to $75, $50, and $40 respectively. Each unit also requires 7, 12,..
If the estimate of loss from uncollectible accounts is based on sales, any existing balance in Allowance for Doubtful Accounts is added to the percentage of sales to determine the amount of the adjustment.
1. discuss the importance of each financial statement including the balance sheet income statement and statement of
gruner company produces golf discs which it normally sells to retailers for 6.94 each. the cost of manufacturing 18800
Walker Company had total revenue and expense numbers of $1,500,000 and $1,200,000, respectively, in the current year. In addition, the company had a gain of $230,000 that resulted from the passage of new legislation, which is considered unusual an..
johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is
hiawatha has the following long-term capital gains and losses for 2011 45000 28 gain 53000 28 loss 18000 25 gain and
On September 15, the City decided to borrow $200,000 in 90 day tax anticipation notes to cover operating expenditures until the tax revenues are collected. The journal entry on September 15 to record the issuance of tax anticipation notes will inc..
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