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On February 3, 2015 Agency B purchased 50 units of air-conditioning unit at P13,500.00 per unit. The supplier delivered the items on Feb 10, 2015. Immediately after delivery the agency issued 30 units of aircon to Departments B and C. On February 20, 2015, the entity purchased an additional 20 units, this time for P13, 000.00 only per unit. Only a week after, the Agency further purchased 15 units @ P13,200.00 per unit. At the end of the month, the Agency issued 25 units to Department A.
Problem 1: What is the unit cost of inventory at the end of February 2015.
Grantham Landscaping, LLC has a mortgage payment of $1,200 monthly. The total principle of the interest payment is $200,000. The interest rate of the loan is fixed at 4.5%. Please record the journal entry for the first month’s payment of the mortgage..
How much must be spent per employee on an hourly basis to maintain the current training commitment? Refer to the HR Report section of the Inquirer.
The sales discount is $35. The freight-in costs are 110 and the freight-out costs are $70. Based on this information, the net cost of purchase is
Why does management believe that the fixed costs will persist at $4,000 even though the mine is temporarily closed - what sales volume per month will the company be indifferent between continuing to operate the mine and closing it?
Prepare eliminating entries (C), (E), (R) and (O), to consolidate the trial balances of Pacific and Seagate at December 31, 2020.
Jamison owns a cabin in Mammoth and travels there for maintenance three times a year. The round trip to Mammoth from San Diego where Jamison lives, is approximately 450 miles. How much travel costs can Jackson deduct per year related to his renta..
Determine breakeven total volume of sales and sales volume for each product. - Determine sales volume and sales revenue for the company to earn Br500,000 profit after 30% profit tax.
Cain Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Allocate the budgeted overhead costs to the products.
At the beginning of the current fiscal year, the balance sheet for Sammy Co. showed liabilities of $320,000. During the year liabilities decreased by $18,000, assets increased by $65,000, and paid-in capital increased from $30,000 to $192,000. Divide..
Prepare a multiple-step income statement. Salaries and wages expense (administrative) $135,900. Salaries and wages expense (selling) 114,800
The total payroll for all it's employees for A company was $172,000 for the current month. The FICA-Social security rate is 6.2%, Medicare tax rate is 1.45%. None of the employees have reached the limit for FICA taxes. Given these facts what is the a..
Marvin Gaye Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long-term noncancelable purchase commitment with its largest supplier of this raw material on November 30, 2014, ..
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