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Question - Dorchester Company, on March 1, 2021 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 13,500 units. At the end of the month there were 11,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:
Direct Material $31,000
Direct Labor 17,000
Factory Overhead 20,000
Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March.
The credit period for this note receivable is 90 days. Interest 16% and the Principle amount is K5000.00, Calculate the Market value of the note
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According to the computations, the company would be incurring cash expenses of P6,612,500 per month. What is the optimum cash balance
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