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Question - Equivalent Units of Production: weighted average method
The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 3,300 units in work in process that were 80% complete at the beginning of the period. During the period, 41,600 units were completed and transferred to the Packing Department. There were 1,800 units in process that were 20% complete at the end of the period.
Required -
a. Determine the number of whole units to be accounted for and to be assigned costs for the period.
b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.
BSU Inc. wants to purchase a new machine for $44,300, excluding $1,500 of installation costs. Determine the approximate internal rate of return
Question - Striking Furs imports furs from Canada. In the space provided below, prepare journal entries to record the following events
PWS Company has net income of $7,000 during the accounting period. PWC Corporation paid a $1 per share cash dividend. Provide necessary journal entries.
Calculate the Direct labour efficiency variance for the company and explain the (potential) reason(s) for any variance (favorable or unfavorable)
Find and Make any necessary adjusting entries. The lease runs for 6 years with an implicit interest rate of 5%. At the end of the 6 years, Peyton will own them.
In the first quarter of year 3, the company plans to sell 21,000 units at a selling price of $50 per unit. Prepare an income statement for the quarter.
calculation of equivalent units lo 2 mcmillian tire company produces tires used on small trailers. the month of june
Man machine ratio is 1:1 and they have 12 machines what will be your recommendation to avoid the same problem in the future?
Sprinkler Co. utilizes process costing, Compute the equivalent units for the month for Department 2, according to the FIFO method of accounting for units.
Compute the IRR of each project, and use this information to identify the better investment. What is the maximum acceptable price to pay for each project?
Using the step-down method, allocate the service department costs to the operating departments.
What is the dollar amount that the store has budgeted to buy in suits for the month of September, if each one has a cost of $ 75?
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