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Department A had 1,000 units in Work in Process that were 60% completed at the beginning of the period at a cost of $7,000. 4,000 units of direct materials were added during the period at a cost of $8,200. 4,500 units were completed during the period, and 500 units were 40% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $28,700 and factory overhead was $4,510. The cost of the 500 units in process at the end of the period if the first-in, first-out method is used to cost inventories was?
a. What are the amount and character of the gain, loss or income Bill must recognize as a result of Parent's distributing the Subsidiary stock?
continental industries is a diversified manufacturing company with a decentralized management structure. each major
Delta Company's flexible budget formula for overhead costs is $100,000 per month foxed costs plus $26.00 per unit variable costs. Standard volume is 5,000 units a month. Actual overhead costs for June were $280,000, and output was 6,000 units.
One company acquires another company in a combination accounted for as an acquisition. The acquiring company decides to apply the initial value method in accounting for the combination. What is one reason the acquiring company might have made this..
on january 15 2013 inc. which has a march 31 year-end entered into a transaction to sell the land building that
Karr Company purchased bonds with a face amount of $400,000 between interest payment dates. Karr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000.
assess the three procedures that are effective in identifying breakdowns in internal controls due to override and
in 2006 ellen contributed property with a basis of 500000 and a fair market value of 3000000 to a qualified small
bampv enterprises exchanged a used crane with an original cost of 200000 and accumulated depreciation of 140000 for a
1.lambardi company sells 3 types of bags.nbspnbspbag a sells for 16 and has variable cost of 9.00 per unit.nbspnbspbag
what willbe overall effect on net income after tax if the tax rate is 30%? Assume that any tax liability or tax benefit will be taken in the current year.
you are an accountant at a local cpa firm that is auditing the accounting records of abc company. youve been asked to
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