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PT Jus Always manufactures healthy fruit juice in a can. The brand is “Grab Jus”. Because the company is only produced one kind of product, process costing is used to calculate its Unit Cost. Direct Material is consist of apple, strawberry and orange. All fruits are mixing together in Mixing Department with added only natural sugar after this process is complete then the mixing is transfer to Can Department for packaging. And ready to ship to customers. Follwing are data for its production for month of Februari 2013. Unit Direct Material Direct Labor Overhead WIP, 1 Feb 2013 5.000 $4.320 $1.040 $1.790 Complete and transfer to Can Department is 42.000 units Started into process during Februari is 45.000 Cost added during February $52.800 $21.500 $32.250 Other information pertaining for Februari is a. Equivalen Unit Production with respect of Direct Material is 48.000 and Conversion Cost is 46.000 b. Percentage for WIP begining with respect ofDirect Material is 80% and Conversion Cost is 60%. Required: 1. How many units for WIP ending? 2. How much percentage completed for Direct Material and Conversion Cost? 3. Make a Cost of Production Report for the first department for Februari 2013 with a complete calculation
Which product or products should be sold at the splot-off point, and which product or products should be processed further? Show computations.
egger manufacturing company is a small bookbinder using machine-hours mh as the single indirect-cost rate to allocate
Texark Inc., a calendar year taxpayer, reported $5,210,300 total income before tax on its financial statements prepared in accordance with GAAP How do evaluate taxable income with the above information?
Describe why the recognition of revenue for IRU swaps for fiber optic assets that were not actually needed by Qwest was inappropriate under GAAP. Next, consult Paragraphs 7–8 of PCAOB Auditing Standard No. 15. As an auditor, what type of evidence wou..
The stock, which trades on a regional stock exchange, has a $25,000 FMV on the contribution date. Illustrate what is Yellow Corporation’s charitable contributions deduction for the current year?
Manufacturing overhead multiple application bases. Staley Toy Co. makes toy flutes.
Explain why Sports Direct uses of accelerated depreciation method for plant and equipment and uses of the straight-line method for most of its other assets and identify the revenue recognition method(s) used by Sports Direct as discussed in its no..
What is the initial audit risk? High, medium or low - what factors made you decide on this level and What would you include in the audit plan.
calculation of average issue price of stock.the information below relates to question no. 1the stockholders equity
Prepare a contribution format income statement for the month based on actual sales data. Present the income statement in the format shown above.
On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them. Compute weighted average number of shares to be used in computing earnings per share for 2010.
Acitelli Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $357,000 Estimated machine hours 8,500 Actual manufactu..
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