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Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $13,087. Of the $13,087, $8,220 was for material and $4,867 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $27,210. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $30,553 and factory overhead was $19,951. If the average cost method is used what would be the conversion cost per unit (to the nearest cent)?
The investment will earn 6% compounded annually. At the end of five years, she will need a total of $40,000 accumulated. Explain how should she compute her required annual invest-ment?
The following are Sullivan Corp.'s comparative balance sheet accounts at December 31, 2014 and 2013, with a column showing the increase (decrease) from 2013 to 2014.
What are two of the red flags that indicate that financial statement fraud may be occurring (try to choose two that have not already been identified)? For each red flag you identify explain why it is a red flag (don't simply provide a list of red ..
What is the present value of cash outflows for each of these alternatives, using the after-tax cost of debt as the discount rate?
Looking at the same note, what was Under Armour's allowance for doubtful accounts in 2009 and 2008 and was a larger percentage of the gross accounts receivable considered uncollectible at December 31, 2008 or 2009?
Determine the degree of operating leverage for each alternative. Calculate the increase in Net income for each alternative if sales increased by $137,000.
On December 31, 2013, what amount would HU show as the balance in an unearned revenue account for the gift cards? HU Photoshop sold $1000 in gift cards on a special promotion on October 15, 2013, and sold $1,500 in gift cards on another special promo..
Compute the predetermined overhead rate and compute the overhead applied.
Describe the influence that the law has on pricing decisions and how would you respond to the R&D manager's statement about Discounted Cash Flow methods? Do you agree or disagree? Explain.
Prepare the transaction data in accounts under an accounting equation. Purpose an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flow for 2012 and 2013.
Describe a hypothetical, community bank with approximately 30 employees. - Describe the relevant characteristics of this small bank in depth.
Bavarian Bar and Grill opened for business in November 2013. During its first two months of operation, the restaurant sold gift certificates in various amounts totaling $5,200, mostly as Christmas presents. Prepare the appropriate journal entries (in..
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