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A job order for 500 units of children's party giveaways were processed with coats of 80000 and 30000 for direct materials and direct labor, respectively.
Factory overhead was applied at 50% of direct labor cost which excludes a 5% provision for spoilage. Prior to transfer to the storeroom, 25 units were found to be spoiled with an estimated market value of P50 per unit
Problem 1: Assuming that the 25 units were only defective and are not sold but instead reworked for total direct rerals cost of 375 and total direct labor cost of 500. What is the unit cost of the goods transferred to toretoom if the rework costs are charged to the specific job?
Calculate the amount of under applied or over applied overhead. How should this Amount be accounted for? Provide specific reasons for your proposals.
Founders State Bank developed a standard for teller staffing that provided for one teller to handle 12 customers per hour. During June, the bank averaged 50 customers per hour and had five tellers on duty at all times.
If the project's capital is 12.10%, what is the NPV of the project? You are considering adding a new machine to your production facility.
What is the maximum amount the Claussens should pay John Duggan for the hardware store? (Assume that all cash flows occur at the end of the year.)
Miller Company manufactures three products, A,B and C. Compute the total production cost for each product using average unit cost method.
The business had recorded the cost of $1,200 to the asset- Prepaid Insurance business would record transaction
The company obtained land, build a production facility, and invited selected vendors on site.What can be the benefits of adopting the industrial park concept?
Provide an example of a direct cost and indirect cost from your workplace or an organization with which you are familiar. What is the difference?
the taxpayers george a. warden social security number 333-33-3330 and mary s. warden social security number 444-44-4440
Prepare journal entries to assign the preceding costs to jobs. Show the appropriate entries debiting Finished Goods Inventory and Cost of Goods Sold.
Compute the physical units of production. Compute the cost per unit to complete packaging for labor, materials, overhead, and total. Compute equivalent units and cost of work in process as of the end of February.
shurshot sports inc. manufactures basketballs for national basketball association nba. for first 6 months of 2014 the
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