Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The following information is available concerning the inventory and cost of goods sold accounts of XO Manufacturing Co. at the end of the year.
Work in Process
Finished Goods
Cost of Sales
Direct Material
P2,000
P6,000
P12,000
Direct Labor
2,000
16,000
32,000
Applied Factory Overhead
Year-end balance
P38,000
P76,000
Applied factory overhead has already been closed to Factory Overhead Control.
Required - Give the journal entry to close Factory Overhead Control, assuming:
(a) Underapplied factory overhead of P6,000 is to be allocated to inventories and cost of goods sold in proportion to the balances in the accounts
(b) Overapplied factory overhead of P6,000 is to be allocated to inventories and cost of goods sold in proportion to the balances of the accounts.
(c} Underapplied factory overhead of P6,000 is to be allocated to inventories and cost of goods sold in proportion to the amounts of applied factory overhead contained in those accounts.
Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.
Prepare the journal entries to record the bond issue and interest expense.
Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.
Prepare Revenues budget and Production budget in units
Effect of exchange rate changes on cash and cash
You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.
A cost-benefit analysis of electronic medical records in primary care
Theory of Interest- Non-annual interest rates and annuities
How is job costing in service organizations different from job costing in manufacturing environments?
Accounting for bad debt expense
Accounting and Partnership problems
Development of relevant cash flows - Cost estimating and financial analysis
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd