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1. A perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory, is called a(n):
a. Materials ledger card.b. Materials requisition.c. Purchase order.d. Materials voucher.e. Purchase ledger.
2.A company that uses a job order cost accounting system would make the following entry to record the flow of direct materials into production:
a. debit Work in Process, credit Cost of Goods Soldb. debit Work in Process, credit Materialsc. debit Work in Process, credit Factory Overheadd. debit Factory Overhead, credit Materialse. debit Finished Goods, credit Materials
nanovo inc. is a manufacturer of low-cost micro batteries for use in a wide variety of compact electronic devices such
Thorpe's president has asked your consulting firm to make a recommendation as to whether the banolide should be sold at the split-off point or processed further. Explain your answer.
What is Brazel's endingWIP balance?
the management of serpas corporation is considering the purchase of a machine that would cost 120000 would last for 4
cutting edge corp. produces sporting equipment. in 2012 the first year of operations cutting edge produced 25000 units
On January 1, 2011 Piper Co. issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Calculate the issue price of the bonds.
you will be reading portions of the 2011 Comprehensive Annual Financial Report (CAFR) issued by Broward County, Florida. You will be asked to prepare "executive summaries" of the information reported.
at year-end the accounting department at bell-jones industries had prepared the followingbalance sheet and income
1. use the following information to prepare a statement of cash flows for reynolds inc. for 2011 using the
identify situations that might lead to unethical practices and behavior in accounting.do you think that the
For the month of January, Consolidated Engine Parts, Inc. had the following financial information. What are Consolidateds' goods available for sale?
1. blue lagoon corporation is projecting a cash balance of 31155 in its december 31 2011 balance sheet. blue lagoons
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