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Beginning WIP department coloring is 10,000 units with a 40% completion rate with a total absorbed cost of $5,000 in the current period plus a cost of $45,000 at the end of the coloring department completes and transfers 40,000 units to the next department and still has to complete 20,000 units ending WIP with a completion rate 50%.
Question 1: By using the method of calculating the average equivalent unit
Goods that are invoiced on July 26 are received on August 10. Indicate the final discount date for net payment. 3/10 EOM, 2/10, net 30
Calculate the breakeven point in units and in dollar for the first year of operations.
Estimate the overhead costs of each of the three products. During the month of June the firm worked on three products- business cards, wedding invitation
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Columbia Company produces a single product. Compute the direct materials, direct labor, and variable manufacturing overhead variances.
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Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used
Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost?
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Each order is for one small tool and each small tool takes Diane 2 minutes to retrieve from the bins. What is the average waiting time, in minutes?
Explain why many companies believe that cash flow budgeting is important. How can a budget assist managers to allocate financial resources?
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