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Information from The Chatham Company is given below in $000s for this period: Sales ---------------------------------------------------------------$700 Selling and administrative costs---------------------------- 52 Purchases of raw materials ----------------------------------18 Direct labor---------------------------------------------------------- 22 Manufacturing overhead---------------------------------------- 210 Raw materials used (all direct cost) -----------------------22 Cost of goods manufactured ---------------------------------136 Beginning raw materials inventory ---------------------------50 Beginning work-in-process inventory---------------------- 156 Beginning finished goods inventory ------------------------160 Ending finished goods inventory----------------------------- 150 Required: Determine the following amounts in dollars: a. Ending Raw Materials assuming all Raw Materials costs are classified as direct costs b. Ending Work-in-Process Inventory c. Cost of Goods Sold
A company received a special one-time order for 1000 units. Producing the order will have no effect on the production and sales of other units. The buyers name will stamped on each unit, at cost of $2000. Normal cost data, excluding stamping, follows
Calculate the above ratios (a)-(g) for Tech Logistics plc for the 2010 and 2011 periods. Show how you have arrived at your answers, so your tutor can provide specific feedback if errors have been made.
Calculate the selling price of the bonds.
Explain why adjusting entries are necessary and describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.
Provide the necessary journal entries to record the transactions for Wilcox for the period January 2, 2011 through December 31, 2012.
Describe the purpose of financial statement. Determine which one (1) is the most effective in communicating the financial health of an organization. Defend your position.
lee and stills are partners who share income ratio of 21 and who have capital balances of 65000 and 35000 respectively.
Suppose both governments offer their respective company a subsidy of $4(million), but only if they produce. Airbus is still able to produce before Boeing. Fill in the new payoff matrix below. What is the equilibrium outcome?
Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion? (100 words)
on october 31 the stockholders equity section of omar company consists of common stock 600000 and retained earnings
1. discuss the difference between accounting and finance?2. how does financial accounting and financial management
Explain the two (2) basic types of analysis that are used to compare accounting information. In addition to above posted explain how Managerial Accounting differs from Financial Accounting (GAAP).
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