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Marquita Filters produces an air filter for use in jet aircraft. Parts are added at several points in the production process. In August productions began with 500 filters in Work in Process, 80% complete as to materials and 70% complete as to conversion cost. During the month an additional 2700 units were added into production. 600 filters were in work in process at the end of the month and they were 70% complete as to materials and 60% complete as to conversion cost.cost Information for August Beginning Work in Process Cost added in August
a. Calculate the cost per equivalent unit for each of the three cost items and in total.b. Calculate the cost of the items completed in August and the cost of ending work in process inventory.
Oregon, Inc. purchased 80 percent of the outstanding stock of Hood Company at book value of $400,000. Hood Company had retained earnings of $30,000 at that date. The total balance of Hood's common stock and additional paid-in capital accounts were..
jim thome has prepared the following list of statements about bonds.1. bonds are a form of interest-bearing notes
During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%. Calculate 1. Earnings per share 2. Earnings per share assuming bond conversion
To what extent do you consider the following items to be proper costs of the fixed asset? Give reasons for your opinions.
on january 15 2013 talbot corporation purchased a parcel of land as a factory site for 425000. an old building on the
on march 1 2012 mechanics credit union mcu issued 7 20-year bonds payable with maturity value of 300000. the bonds pay
Elly, whose husband died in Dec. 2009, maintains a household in which her dependent daughter lives. What is her filing status for the tax year 2009? (Note: Elly is the executor of her husband's estate.)
Discuss the importance of making short term and long term financial decisions. Which is more important for the firms?
On January 1, 2012 JumpinJehosaPhats Inc. has been authorized to issue 1,000,000 common shares with a Par Value of $1. In the process of incorporating, the sole proprietor owner's equity accounts must be closed and the equity must now reflect a co..
anders inc. has 5000 shares of 5 100 par value cumulative preferred stock and 20000 shares of 1 par value common stock
A business receives a cash payment for services rendered. Which of the following occurs?
what role do standard costs play in controlling the operations of a business? how are standard costs developed for
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