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The Talbott Company has received an order (#324) for 100 widgets. On January 20 the shop supervisor requisitioned 100 units of part 503 at a cost of $5 per unit and 500 units part 456 at a cost of $3 per unit to starting work on the 100 widgets. On the similar day 20 hours of direct labor at $20 per hour are used to work on the widgets. On 21st January, 200 units of part 543 at $6 per unit are requisitioned and 10 hours of direct labor at $15 per hour are performed on the 100 units of widgets to complete the job. Overhead is allocated to job based on $5 per direct labor hour. Make a job order cost sheet for the 100 widgets
Explain the circumstances under which the retail inventory method would be applied and the advantages of using the retail inventory method.
Determine the current costs to complete the starting inventory
Prepare an Excel format to show how you are evaluating things. Provide detailed information of profitability by product and for year. Then make precise recommendations with financial projections.
Finch supplies remaining components and assemble the final product at a cost $340. Finch's marketing, packaging, and shipping expenses total $40 per unit. Each unit is sold for $2,800.
Evaluate what is the ROI for the Shellfish Division, before and after the proposed purchase of Shrimp Inc and find what is the residual income for the Shellfish Division, before and after the purchase of Shrimp Inc.?
Evaluate the inventory turnover ratio for 2010 using the LIFO and FIFO cost-flow assumption methods. Describe why the costs assigned to inventory under LIFO at the end of 2009 and 2010 are so much less than they are underFIFO.
Evaluate the income statement in the given case.
found that most of the past due accounts were related to a positive division, would it make a difference in your audit approach?
What is the balance in Cartwright's capital account at the end of that year?
Evaluate the amount of Milt's income that is subject to income tax by each state. Make sure to evaluate the full taxable income and show all calculations.
What are some of the new tools information technology has given that contribute to unethical behavior?
How much profit or loss, if any, does Shawna realize on the transfer? Does Shawna recognize any profit or loss? If so, how much? What is Shawna's basis in her LLC interest?
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