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Question - Marcos Poster Incorporated had 12,000 units of work in process in Department B on October 1. These units were 60 percent complete as to conversion costs. Materials are added at the end of the process. During the month of October, 38,000 units were transferred in from Department A and 40,000 units were completed. Howard had 10.000 units of work in process on October 31. These units were 75 percent complete as to conversion costs.
Using the average cost method determine the equivalent units for materials and conversion costs for the month of October?
On May 1, 2010, Kirmer Corp purchases $450,000 of 12% bond with interest payable on January 1 and July 1 for $422,800 plus accrued interest. The bonds mature on January 1, 2016. Amortization is recorded when interest is received by straight line m..
Provide at least 2 examples of internal control procedures, and explain how these procedures can be implemented.
What our new ordering costs should be so that we can meet our inventory reduction objective. Last year we ordered 93,463 units for the entire year
Prepare Sakaja's Cost statement for the Month of January 2010. Sakaja ltd manufacturing company provides to you the information for the month
During April, 19,100 units were completed and as of April 30, 5,100 units remained in production. How many units were started during April?
If Strawberry Bread will purchase wheat in quantities of 650,000 bushels. Would it be to Strawberry Bread's advantage to order under this alternative?
Economic slowdown puts pressure on the business and the new company is unable to service the loan to And.Andy takes possession the company's assets as secured creditor leaving the business creditors with nothing.
Calculate amortization expense on intangible assets for 20X5. Straight-line amortization, to the exact month of purchase, is used.
What is the weighted average cost of capital (WACC) and how do you calculate it? Why is the determination of an accurate WACC important for a business
Calculate direct materials inventory, total cost, December 31, 2007. Calculate finished-goods inventory, total units, December 31, 2007.
Prepare the stockholders' equity section of the balance sheet at December 31, 2010.
The facility now used to make the components can be rented out to another firm for P6,000. Should Numbers make or buy the components
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