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Entries and Schedules for Unfinished Jobs and Completed Jobs Sinatra Industries, Inc. uses a job order cost system. The following data summarize the operations related to production for June 2012, the first month of operations: Materials purchased on account, $32,760. Materials requisitioned and factory labor used: Factory overhead costs incurred on account, $6,300. Depreciation of machinery and equipment, $2,200. The factory overhead rate is $58 per machine hour. Machine hours used: Jobs completed: 301, 302, 303, and 305. Jobs were shipped and customers were billed as follows: Job 301, $9,150; Job 302, $12,350; Job 303, $16,600. 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
What would be Altoona's finished-goods inventory cost on Dec 31 under the variable costing method?
For the most recent week (Big Bob's is open 7 days a week), Big Bob served 1,200 1-pound hamburgers using 1,250 pounds of ground beef for the 1,250 pounds of ground beef. In addition, Big Bob paid his supplier $3.20 per pound of ground beef for th..
Determine the book value of the goodwill on December 31, 2008, prior to making the impairment adjustment. Illustrate the effects on the accounts and financial statements of the December 31, 2008, adjustment for the goodwill impairment.
In order to achieve a 25% multifactor productivity improvement by reducing the standard costs, how much should these costs be reduced?
Below is budgeted production and sales information for Flushing Company for the month of December:
a new branch in its first year opened new accounts at a rate of 40 for every 100 customer calls. the total number of
Your posts are very good and state that management should focus on the success of the business rather than managing income to their benefit. This gets into ethics, where if you keep doing the right thing you will reap the benefits with bonus's and..
Make notes on the following two items to help your manager to understand their meaning: The balanced scorecard and its perspectives on performance
On January 1, 2011, an investor paid $299,000 for bonds with a face amount of $350,000. The stated rate of interest is 10% while the current market rate of interest is 12%. Using the effective interest method, how much interest income is recognize..
the following selected accounts appear in the adjusted trial balance columns of the worksheet for goulet
Explain the accounting and reporting for stockholder's equity. How are restrictions on retained earnings reported? What are the key components of stockholder's equity? Indicate how to present and analyze stockholder's equity.
What was the ending Stockholder's Equity balance for Bill's business?
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