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Cris Company manufactures electric motors to the exacting specifications of various customers. During February, Job #102 for the production of 110 motors is completed at the following cost per unit:
Direct Materials 20Direct Labor 10Factory Overhead 10
Problem 1: Final inspection of Job#101 discloses that 5 defective units and 10 units of normal spoilage attributable to this specific job. The defective motors are reworked at a total cost of P50 and the spoiled units are sold for P150. What is the unit cost of the good units produced on Job#102?
Determine Deer Parks net income for 2008 and prepare a balance sheet for Deer Park as of December 31, 2008.
Topic: Absorption Costing 1. Which of the following types of costs are classified as period costs under absorption costing, but not under variable costing?
Compute the cost per gallon of liquid cleaner produced in June - Basic Product Costing
Assume Donelan Products desires an operating profit of 20 percent of sales. What is the highest acceptable manufacturing cost per foot for which Donelan Products would produce the lines?
Burnwood Tech plans to issue some $60 par preferred stock with a 6% dividend. The stock is selling on the market for $70.00, and Burnwood must pay flotation costs of 5% of the market price.
Olive Corp currently makes 20,000 subcomponents a year. What is the maximum price Olive Corp should pay the outside supplier?
For each of the years, determine Sally's deductible and nondeductible (suspended) losses. Explain the reason for the nondeductibility of any losses. What are the results of the sale of her interest
Prepare a cost of production report for the assembly department for May using the weighted average method of costing. The report should disclose
What is cost per unit of the completed and transferred? How much is the cost of the received and completed? What is the total cost of the units in process June?
How will work provide some examples under the other method? If a company paid some amount of money for advertisement of two products
The equipment originally cost $140,000 but had a book value of only $98,000 when transferred. On that date, the equipment had a five-year remaining life.
Prepare the journal entry to record depreciation expense for 2009 and 2010.
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