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Trek Company has the following production data for April: units transferred out 42,000, and ending work in process 6,070 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $4 and unit conversion cost is $8.
Determine:
Transferred Out $
Ending work in process $
Company A acquired 100% of voting stocks of company B for $3000000 cash and issuing 30000 common share of its own common stocks 9 par value $1) market price is $30 at acquisition date. Prepare journal entry to record acquisition on company A records...
Western Outfilters Mountain Sports projected 2008 sales of 75000 units at a unit sale price of $12.00. Actual 2008 sales were 72000 units at $14.00 per unit. Actual variable costs, budgeted at $ 4.00 per unit, totaled $4.75 per unit. budgeted fixe..
Calvin and Hobbes are the new owners of Micro Computer Services. At the end of August 2010, their first month of ownership, Calvin and Hobbes are trying to prepare monthly financial statements. They have the following information for the month.
XYZ Company is considering the manufacture of a new toy. Each toy would sell for $5 and would require $2.00 in variable costs. In addition, annual fixed costs associated with the project would total $84,000. Calculate: the breakeven point in units, t..
Requested responses directly from customers as to the amounts due. Compared total bad debts tis year with the totals for the previous two years. Questions management about likely total uncollectable accounts. Watched the accounting clerk record the d..
Allen Manesfield, Jenny Winters, and John Jacobsen have been discussing a persistent and irritating production problem. The three are employed by Honley Medical, which specializes in the production of medical products and has three divisions: How do ..
Determine the amount of discount to be amortized for the first semiannual interest payment period, using the interst method. Find out the amount of bond interest expense for the first year.
On 1/1/2014 the Jackson Co. has a $40,000 debt outstanding which matures on 12/31/16. Interest which is payable on Dec. 31 of each year, was last paid on 12/31/13.. In recording the bond issue following GAAP, HTL would credit equity by how much? In r..
Fixed manufacturing overhead costs are $100,000 per year. The company has received a special order request to sell an additional 8,000 units. The special order units will not incur a $2 per unit variable shipping cost that is associated with regular ..
Prepare a CVP income statement based on current activity. Prepare a CVP income statement assuming that the company invests in the automated upholstery system.
She thinks that we may have over paid for the business and is suggesting we evaluate the business segment as a cash generating unit and consider the need to impair it. The board is quite confused and would like very clear guidelines about this mat..
Beginning December 31, 2014, five equal annual withdrawals are to be made.
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