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At the start of November, Penco Refinery had Work in Process inventory consisting of 4,800 units that were 80 percent complete with respect to materials and 40 percent complete with respect to conversion costs. The cost of the units was $39,400 ($27,400 of material cost and $12,000 of labor and overhead). During November, the company started 43,200 units and incurred $407,600 of material cost and $390,900 of labor and overhead. The company completed 45,300 units during the month, and 2,700 units were in process at the end of November. The units in ending Work in Process were 80 percent complete with respect to materials and 50 percent complete with respect to conversion costs.
Calculate the cost per equivalent unit for materials and conversion costs.
Calculate the cost of items completed during November.
Calculate the cost of ending Work in Process.
(Learning Objective 2: Describe the effect of a stock issuance on paid-in capital) ARM received $48,000,000 for the issuance of its stock on May 14. The par value of the ARM stock was only $48,000. Was the excess amount of $47,952,000 a profit to ARM..
What would be your monthly payment to pay off the loan in four years? B) If you were to accept the dealer’s offer, what would be the effective rate of interest per month the dealer charges on your financing?
question 1 transnational employment services tes are finalising their financial reports for the year ending 30th june
Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was $40.000.
preparing balance sheetnbsp for forgetful insurance company.background this project provides a set of annual statements
Calculate Brenham's debt to equity ratio at Dec 31, 2010 and Dec 31, 2011.
If PetCo had net sales of $600,000, goods available for sale of $450,000, and cost of goods sold of $375,000, what is its gross margin? What amount of inventory will be shown on its balance sheet?
The effect of information systems may be quantified in every organization. Using specific examples in your own organization, illustrate how does the information system you use make your job easier? Why? How may it be improved?
elucidate the applicable theories and appropriate accounting for items that arise from less than 100% ownership, including the reporting of assets, liabilities, revenues and expenses.
Bruno Manufacturing Inc. has sales of $2,371,200 for the first quarter of 2010. In making the sales, the company incurred the following costs and expenses. Complete CVP income statement for the quarter ended March 31, 2010.
A machine with a cost of $100,000 has an estimated residual value of $10,000 and an estimated life of 10years or 30,000 hours. What is the amount of depreciation for the first full year, using the double-declining balance method?
Calculation of quantitative analysis to support recommendations and Would your answer differ if the cost of the containers were the same
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