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Question - The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report:
Net revenue $376,000
Cost of goods sold 321,000
Value of production materials on hand 42,500
Value of work-in-process inventory 75,000
Value of finished goods on hand 31,500
Required -
a. Compute the inventory turnover ratio (ITR).
b. Compute the weeks of supply (WS).
The calendar year accounting period ends on Wednesday, December 31. How much salaries and wages expense should be recorded two days later
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Each paint ball gun requires 1.25 machine hours and 2.00 direct labor hours to produce. Calculate the contribution margin (a) per unit
questionderby ltd operates a chain of department stores in melbourne which uses a courier company for deliveries. the
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