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!
1. Compute the total cost of units transferred out using the weighted-average method. 2. Compute the total cost of units in ending work-in-process inventory using the weighted-average method. 3. Compute the total cost of units transferred out using the FIFO method. 4. Compute the total cost of units in ending work-in-process inventory using the weighted-FIFO method. 5. Assign testing department costs to units completed and units in ending work-in-process inventory using the data from problem 33. Weighted average method.
Larsen Company manufactures car seat in its San Antonio plant. Each car seat passes through the assembly department and the Testing Department. This problem focuses on the Assembly department . The process costing system at Larsen Company has a single direct cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the Assembly Department finishes work on each car seat, it is immediately transferred to Testing.
Larsen Company uses the weighted average method of process costing. Data for the Assembly Dept. for October 2009 are:
FIFO Method
Do problem 30 using the FIFO method of process costing. Explain the difference between the cost per equivalent unit in the Assembly Department under the weighted average method and the FFIFO method.
Transferred in costs, weighted average method. Larsen Company as you know is a manufacturer of car seats. Each car seat passes through the Assembly department and Testing department. This problem focuses on the Testing department. Direct materials are added when the Testing department process is 90% complete. Conversion costs are added evenly during the Testing departments process. As work in Assembly is completed, each unit is immediately transferred to Testing. As each unit is completed in Testing it is immediately transferred to finished goods. Larsen Company uses the weighted average method of process costing. Data for the Testing Department for Oct 2009 are:
Determine the gross margin from the first sale
What was change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period?
Compute the current ratio, the debt to equity ratio, and return on sales ratio. Seventy-five percent of liabilities are current. Of the current liabilities, 80% percent is accounts payable.
Prepare a double entry accounting system: finding out the two accounts affected, what kind of accounts are they, do account balances increase or decrease, and do we debit or credit the accounts
Review SEC 10-K report, the financial statements, and the notes to the financial statements. Search for "effective tax rate". Believe the topics of deferred tax reporting (assets and liabilities).
Evaluate the operating income for every division if the transfer price is set at $9 per cord.
Randell Company issues 7%, 10-year bonds with a par value of $150,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 93¼. The straight-line method is used to all..
The AR clerk them uses the payment stub to enter the payments into the computer where the AR master data is updated to record the payment.
What problems are related with using the average cost per unit as a performance measure and what problems are related with using the variable cost per unit as a performance measure?
Given base index and index at delivery, evaluation of adjusted contract price. Given the following contract information, calculate the adjusted contract price
Construct two journal entries for actual costs incurred - one for variable overhead and one for fixed overhead.
During its first month of operation, the Rawls Repair Corporation, which specializes in bicycle repairs - Purpose a trial balance for October
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