Prepare a cost reconciliation schedule

Assignment Help Accounting Basics
Reference no: EM132589112

Question - Production costs chargeable to the Finishing Department in June in Crane Company are materials $12,120. labor $22,115, overhead $18,100. Equivalent units of production are materials 20,200 and conversion costs 19.150. Production records indicate that 13,100 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule.

Reference no: EM132589112

Questions Cloud

What is the annual simple interest rate : The amount you repaid was $4380. What is the annual simple interest rate, rounded to two decimal places?
How explain the tax law related to the deductibility : Sam, is a small business taxpayer. He is under the impression that every dollar he spends currently related to his business will reduce his taxable income
How much do you need to pay down every 2 weeks : You would like to pay off the loan in 11 years. How much do you need to pay down every 2 weeks?
Describes ethical concerns for the management accountant : Describe the role of managerial accounting and the management accountant in a business or organization Describes ethical concerns for the management accountant
Prepare a cost reconciliation schedule : Production costs chargeable to the Finishing Department in June in Crane Company are materials $12,120. Prepare a cost reconciliation schedule
Create an overview on ifrs : Generate a list of differences that you would expect to see on your income statement and your balance sheet after the convergence process is complete.
Discuss positives and negatives of developmental education : Discuss the positives and negatives of developmental education, including information as presented from your studies.
Which education credit best benefits Amy : Assuming she otherwise qualifies, which education credit best benefits Amy and what amount of credit is she entitled to claim
What is the concept of operating leverage : What is the concept of operating leverage? Describe a scenario where a high degree of operating leverage would be positive for a company

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the types of dividend distributions

Distinguish between the types of dividend distributions that mutual funds make. Are these dividends the only source of return for a mutual fund investor?

  How the police cars will be reported as assets for

4 years and have a residual value of 10,000. SL Depreciation is used. On the balance sheet of govt funds, the police cars will be reported as assets for

  What is ending balance of Allowance for Doubtful accounts

What is the ending balance of Allowance for Doubtful accounts at December 31, 2017 after all adjusting entries are posted

  Explain the key term - accounting period concept

Explain the key terms in your own words. No limit of words - Accounting period concept, Adjusting process and Fixed assets (or plant assets)

  What is the rate of gross profit on the installment sales

What is the rate of gross profit on the installment sales made by Vaughn Corporation during 2010

  What is the correct price per customer

The company pays its guides a total of $360,000 per year. Based on this information, what is the correct price per customer

  Declared semiannual dividends of 120 on preferred stock and

jan. 10 - split the common stock 4 for 1 and reduced the par from 100 to 25 per share. after the split there were

  Dye company at a sales level of 5000 units sales were

dye company at a sales level of 5000 units sales were 75000 variable expenses total 40000 and fixed expenses were

  Calculate the budgeted manufacturing overhead rate

Calculate the budgeted manufacturing overhead rate. Calculate the manufacturing overhead allocated during 2014. Calculate the amount of under- or overall

  At what value will the bond sell

Tanner, Inc. issued a 10%, 5-year, $100,000 bond when the market rate of interest was 12%. At what value will the bond sell

  A july sales forecast projects

The management forecasts 15% growth in sales each month. Total July sales are anticipated to be:$64,414.$68,266.$53,500.$79,180.$66,340.

  Prepare a schedule of cost of contract services performed

Prepare a schedule of cost of contract services performed (similar to a cost of goods manufactured schedule) for the month.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd