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Question - XYZ Company issued $500,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on June 30 and December 31. Dion Company uses the straight-line method of amortization for bond premium or discount.
Required - Prepare the journal entries to record the following:
a. The issuance of the bonds.
b. The payment of interest and the related amortization on June 30, 2020.
c. The payment of interest and the related amortization on December 31, 2020.
Under the weighted-average method, What the stage of completion of beginning work in process? What is the Variable costing?
The machine produces the current item at a rate of 210 units a day. What is the length of cycle time in days
Theory of Interest- Non-annual interest rates and annuities
Assume that the company uses absorption costing, Make an income statement for the year and Compute the unit product cost.
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How much is Cost of Goods sold for April? Beginning Finished Goods Inventory $17,400. Ending Finished Goods Inventory $25,400
What is LSB's DOL? If LSB's sales increase by $20,000, what will be the company's operating profit? Contribution Margin 60,000
Compute the product unit cost assuming that 225 units are produced. For producing 100 units of product, a company uses $30,000 of direct materials
Instructions: Classify the following manufacturing costs and expenses by using the following code letters:A. Direct materials cost B. Direct labor cost C. Manufacturing overhead cost D. Period cost
Calculate the number of workers that should have been available to process July claims - calculate a labor efficiency variance expressed as both a number of workers and a dollar amount for the month.
Determine the amount of net income for August, assuming that the owner made no additional investments but withdrew $35,000 during the month.
Manufacturing overhead is applied at $30 per direct manufacturing labor hour. Calculate the profit earned on 45 units if each unit sells for $10,000
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