Reference no: EM132749938
Question - Assigning Costs to Completed Units and to Units in Ending WIP Inventory. The following information is for the Painting department for the month of January. Direct Materials Direct Labor Overhead Cost per equivalent unit $2.10 $1.50 $3.80
Equivalent units completed and transferred out 3,000 units 3,000 units 3,000 units
Equivalent units in ending WIP inventory 1,000 units 1,200 units 1,200 units
Required -
a. Calculate the costs assigned to units completed and transferred out of the Painting department for direct materials, direct labor, overhead, and in total.
b. Calculate the costs assigned to ending WIP inventory for the Painting department for direct materials, direct labor, overhead, and in total.
What is maximum income tax benefit that brass can realize
: Brass Co. reported income before income tax expense, What is the maximum income tax benefit that Brass can realize from the loss carry forward?
|
Organizations are struggling to reduce
: Organizations are struggling to reduce and right-size their information foot-print, using data governance techniques like data cleansing and de-duplication.
|
Determine the total manufacturing costs incurred
: Determine the total manufacturing costs incurred during the fiscal year 2018. Baltimore Manufacturing had a Work in Process balance of $101,000.
|
Explain the materiality terms as used in the statements
: Explain the Materiality terms as used in the statements. The accounts have been prepared on a going concern basis and the validity of this depends
|
Calculate the costs assigned to ending WIP inventory
: Calculate the costs assigned to ending WIP inventory for the Painting department for direct materials, direct labor, overhead, and in total
|
How much net income would they have recorded
: If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May
|
Determine what is the market value of the firm
: What is the market value of the firm? MacKinnon Co. currently has EBIT of $39,000 and is all equity financed. EBIT is expected to stay at the level indefinitely
|
Identify which testimony is hearsay
: You are an assistant to the Special Agent in Charge (SAC) of the Organized Crime Task Force. The SAC has asked you to go over certain witness-related situations
|
Compute the earnings available to ordinary shareholders
: The present EBIT is P1,000,000, the income tax rate is at 50%, Compute (a) the earnings available to ordinary shareholders and (b) EPS
|