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Input to process Y in June was 5000 units of direct materials from Process X,costing $27500 and added materials costing $2080.Direct labor costs in process Y were $4000 and production overhead was $8000.Output from the process was 4000 units. There were 1000 units of closing stock ,100% complete for materials from process X and 40% complete for added materials and conversion costs (labor and overhead). There is no loss in process. Added materials are of insignificant volume and are not measured in units. Required: Calculate a cost per equivalent unit for the month and draw up the Process Y account.
Is the recreation center a governmental proprietary activity? Many cities are building large recreational complexes with combination of public funding from tax revenues and user fees. Give an example of governmental recreation complex and why you bel..
What accounting standards are used - what auditing standards are used by the external auditors
Alex Miller, Inc. sells car batteries to service stations for an average of $30 each. The variable cost of each battery is $20 and monthly fixed manufacturing costs total $10,000. Other monthly fixed costs of the company total $8,000. What is the bre..
Find the amount and character of Nora's recognized gain or loss and what are Nora's bases in Needle stock and note?
Weakness in internal controls and measures to implement better internal controls.
Monona Company reported net income of $29,975 for 2013. During all of 2013, Monona had 1,000 shares of 10%, $100 par, nonconvertible preferred stock outstanding, on which the year's dividends had been paid. Compute Monona's basic earnings per share f..
The Ajax Corporation purchased a railroad tank car 8 years ago for $60,000. It is being depreciated by SOYD depreciation, assuming a 10 year depreciable life and a $7000 salvage value. The tank car needs to be reconditioned now at a cost of $35,000. ..
question consider the given scenariodr. stephanie white the chief administrator of uptown clinic a community mental
hank was transferred from phoenix to north dakota on march 1 of the current year. he immediately put his home in
Calculate the predetermined overhead rate for 2012, assuming Deglman Manufacturing estimates total manufacturing overhead costs of $980,000, direct labor costs of $700,000, and direct labor hours of 20,000 for the year.
Assume that Go-med is a joint venture owned by Insure and four other venturers, that the acquisition differentials are valid, and that it has not yet adopted IFRS 11: Joint Arrangements. Prepare a 20X8 consolidated income statement for Insure us..
A review of the ledger of Baylor Company at December 31, 2014, produces the following data pertaining to the preparation of annual adjusting entries. - Prepare the adjusting entries at December 31, 2014.
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