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The Zygon Corporation was recently formed to produce a semicondictor chip that forms an essential part of the personal computer manufactured by a major corporation. the direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. June is Zygon's first month totaled $895,000 while conversion costs equaled $4225,000. Accounting records indicate that 475,000 chips were started in June and 425,000 chips were completed.
Ending inventory was 50% complete as to conversion costs.
Required:
a. What is the total manufacturing cost per chip for June?
B. Allocate the total costs between the completed chips and the chips in ending inventory.
During the current year merchandise is sold for $795,000.the cost of the merchandise sold is $477,000. (A) whats is the amount of gross profit?
If the price per unit differs from the standard price per unit for direct materials, the variance is:
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On the basis of the information above, determine the present value of the pension obligation (liability).
Based on the previous information, prepare a schedule to determine the amount of loss that Wells Corporation should recognize for the current year.
Chester Lome drills well for residential and commercial lots. In April 2008. Chester decided to scrap his well drilling truck, purchased in 1984 for $25,000 and fully depreciated. Prepare the journal entry recording the scrapping of the truck.
How has the doubling of your firm's customer base every 6 months affected its ability to maintain this focus on the customer? If this dramatic growth continues, what are some specific actions your firm will take to retain its goal of "focus on the..
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