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Olivares Enterprises makes Rainberry Shampoo for professional hair stylists. On July 31, 2015, 5,200 liters of shampoo were in process, 80 percent complete for conversion costs and 100 percent complete for direct materials costs. During the month of August, 212,500 liters of direct materials were put into production. Data for work in process inventory on August, 31, 2015, were as follows: Shampoo, 4,500 liters; state of completion is 60% for conversion costs and 100 percent for direct materials content.
Using the data above prepare a schedule of equivalent production for August 2015, assuming the company uses the average costing method.
what is the cost of goods sold cogs? how is it computed? what two financial reports does it impact and how?championship
The resale value of the existing stock of the material is 5.45 per liter. New stocks of the material can be readily purchased for 6.20 per liter. What is the relevant cost of the 880 liters of the raw material when deciding how much to bid on the ..
The following transactions occurred between Acre Pharmaceuticals and E & S. Journalize thesetransactions on the books of E & S.
A Corporation is considering issuing a convertible bond. What is a convertible bond and the advantages of a convertible bond from the standpoint of 1) the bondholder and 2) the issuing corporation.
The balance sheets of Davidson Corporation reported net fixed assets of $320,000 at the end of 2011. The fixed-asset turnover ratio for 2011 was 4.0 and sales for the year totaled $1,480,000. Net fixed assets at the end of 2010 were ??
capriati corporation commenced operations in early 2012. the corporation incurred 55130 of costs such as fees to
Capitalized asset cost and first year depreciation, and identifying depreciation results that meet management objectives
Farmer Company issues $10,000,000 of 10-year, 9% bonds on March 1, 2010 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31. What is the total cash received on the issue date?
What is the total direct material price variance for November when standard price is $1.80, actual price is $1.90 and actual quantity used is 142500?
a stock expects to pay a year-end dividend of 2 a share i.e. d1 2 assume that last years dividend has already been
Which one of the following would be the same total amount on a flexible budget and a static budget if the activity level is different for the two types of budgets?
discussion topic what is the distinction between deductions for agi and deductions from agi and why should this be
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