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Problem 1: On March 1, 2019, Annapolis Company 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. During the month 30,000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $500,000 and the total conversion cost for the month was $413,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March.
Lankau Company was 25%, fixed costs were $2,325,000, and variable costs were 60% of sales, what was the amount of actual sales (dollars)?
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$10 each, plus a 10% sales commission paid to the worker. Total fixed costs are $51,000. The number of toys he needs to sell to break even are
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Discuss what some of the reports and ratios are that the financial statements can help you develop and analyze the statements listed below, keep in mind that these statements are the foundation of financial accounting
As you run the simulation keep track of your decisions and keep track of the results - both financial and marketing. You can copy and paste the results into Excel or into a Word document.
What would be the relevant cost of the materials, in total, for purposes of determining a minimum acceptable price for the order for product GEE?
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