Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
LO.2 (WA EUP; cost assignment) Spangenberg Products manufactures computer cases. All material is added at the start of production and overhead is applied to each product at the rate of 70 percent of direct labor cost. At the beginning of July, there were
no units in the Finished Goods Inventory. The ?rm's inventory cost records provide the following information:
Units
DM Cost
DL Cost
Work in Process Inventory, 7/1 (70% complete as to labor)
100,000
$ 750,000
$ 215,000
Units started in production
1,500,000
Costs for July
5,650,000
4,105,000
Work in Process Inventory, 7/31 (60% complete as to labor)
400,000
At the end of July, the cost of the Finished Goods Inventory was determined to be
$124,000.
a. Compute the following:
1. Equivalent units of production using the weighted average method.
2. Unit production costs for material, labor, and overhead.
3. Cost of goods sold.
b. Prepare the journal entries to record the July transfer of completed goods and the July cost of goods sold.
calamata corporation processes a single material into three separate products a b and c. during september the joint
how would each of the following fixedvariable costs be classified if units produced is the activity base? a. salary of
sandi scott obtained a patent on a small electronic device and organized scott products inc. to produce and sell the
The current status of the convergence process between FASB (USA) and IASB.
What is unearned revenue and why is it considered a liability? When is unearned revenue recognized in the financial statements?
a stock expects to pay a year-end dividend of 2 a share i.e. d1 2 assume that last years dividend has already been
A program in which department representatives accompany groups of U.S. businesspeople abroad to meet with qualified agents, distributors, and customers is called?
an investor has a 2-stock portfolio with 50000 invested in palmer manufacturing and 50000 in nickles corporation.
Indicate the effect (direction and amount) of each transaction on the Inventory balance of Sports R Us. Prepare the journal entries that Sports R Us would record and show any computations.
for mize company units to be produced are 5580 in quarter 1 and 6430 in quarter 2. it takes 1.5 hours to make a
Identify the important structural cost drivers for the company and the related strategic issues that it should address to be competitive.
What has been the effect of this practice on accounting? What is its relation to the accrual system? What influence has it had on accounting entries and methodology?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd