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Question - Assume for a firm that budgeted production for July and August is 180 000 and 200 000 units respectively. It takes half a kilogram of direct material to make one unit of finished product. Materials inventory is maintained at 10 per cent of the next month's budgeted production needs. If the 30 June inventory of materials was 5000 kg, how many kilograms of direct material should be purchased during July?
Do any analysis you consider appropriate to determine if the explanation by management seems reasonable
Describe weaknesses in internal control over information and data flows and the procedures for processing shipping notices and customer invoices, and recommend improvements in these controls and processing procedures.
the second year of operations, the business reported profit of $178,000, owner withdrawals
Jimmy owns a trucking business. During the current year he incurred the following:
spartan stores is expanding operations with the introduction of a new distribution center. not only will sales increase
abc manufacturing company produces and sells 40000 units of a single product. variable costs total 80000 and fixed
Prepare the journal entries to record the issue of the bonds on July 1, 2016, and the interest payments on December 31, 2016, and June 30, 2017
Prepare two separate schedules computing cost of goods sold and supporting schedules showing the composition of the ending inventory under both cost flow assumptions.
If the budgeted direct labor time for November is 9,000 hours, then the total budgeted cash disbursements for manufacturing overhead for November must be
On October 1, 2011, Atherton Fuel Corp. purchased new equipment from Acme Equipment Company that had a purchase price (including sales tax) of $76,245.
JJ Corporation purchased a machine on July 1, 2010 for $750,000. What amount should be reported for Depreciation Expense as of December 31, 2013
When preparing a statement of cash flows on the indirect method, each of the following should be classified as an operating activity cash flow except : Answer Question 20 answers An increase in accounts receivable.
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