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Calculation of cost per equivalent unit for materials.
Oversites, Inc, uses a process costing system. The company's work-in-process inventory account at February 28thconsists of 70,000 units which are 100% complete with respect to materials and 80% complete with respect to conversion costs. If the balance in the work-in-process inventory account is $546,000 and the cost per equivalent unit for conversion costs is $6.00, what is the cost per equivalent unit for materials?
Calculation of budgeted production.
Budgeted sales (in units) for the Payton Company are as follows:
September
45,000 units
October
60,000 units
November
40,000 units
December
75,000 units
The company wishes to have 10% of the next month's sales on hand at the end of each month. Budgeted production for November is?
Kirk was insured for 70% of his actual loss, and he received the insurance settlement. Illustrate what is Kirk's allowable casualty loss deduction?
the bank notifies Wilma that if she pays back $75,000 immediately, they will forgive her $100,000 loan. What are tax implications to Wilma if she accepts the bank’s offer?
Whole Grain Bakery purchases an industrial bread machine for $25,300. What is initial cost of the bread machine?
Purpose adjusting entries necessary at the end of the year - Prepare any adjusting entries necessary at the end of the year.
Would it be acceptable for a company to account for a capital lease as an operating lease to report rent expense rather than a long- term liability?
The loan payments are semiannual with the first payment due in six months, and interest is calculated at 6% (annual percentage). Illustrate what is the amount of each payment.
What additional factors must the controller consider before deciding on an allocation base for the indirect manufacturing cost assignment to the departments?
questionrest haven is a senior living community that provides a full range of services including independent living
will Levi's salary be in five years if he gets a 5 percent raise each year and what would his salary be in five years if the annual raise is 9 percent?
Prepare general journal entries for the transactions - which had a cost of $5,500 and accumulated depreciation of $5,000, was traded in for a new motor (#23) with a fair market value of $6,500.
Both entities charge depreciation at a rate of 10% p.a. on cost in relation to these items. On 31 December 2013, Claire Ltd sold this asset to Anna Ltd for $20,000.
If Mowen Company offers to buy the special order units at $65 per unit, the effect of accepting the special order on Melville's operating income next year should be a what?
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