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Company uses a process cost system. The company started march with 2,300 units in work in process-department A. During the month 4,000 units were started. At the end of the month there were 3,200 units in ending work in process-dept. A inventory that were 30% complete. The beginning work in process balance was $240,540 and total manufacturing cost for the period was $608,000. Based on this information, the amount of cost transferred from work in process-dept. A to work in process-dept B was:
a)$200,640 b)$254,562 c)$543,233 d)$647,900
The following table presents the weekly average of direct materials costs per unit for two products. How could the manager of the department that makes these products use this information?
Find out the current operatng profit for the company as whole? Supposing that all fixed cost are unavoidable, if company eliminated the unprofitable segments, what would be the new operating profit for the company as a whole be?
What are the two potential problems in relevant-cost analysis? Give an example of an irrelevant cost. What makes the example irrelevant.
Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money?
What are some of the nonfinancial measures provided by managerial accounting to assist managers in the decision-making process?
When using a normal costing system, manufacturing overhead is applied using the ______________ manufacturing overhead rate and the _______________ quantity of allocation base.
Describe the importance of cost tracing? Cost Allocation? How do they differ and how are them similar? Describe a cost driver? Select a day to day event that you may use these tools to properly budget yourself, and to see where you might be oversp..
Calculate the amount of joint cost allocated to commercial building lumber (CBL) on a physical units basis. Calculate the amount of joint cost allocated to the mine support braces (MSB) on a relative-salesvalue basis.
How do you suppose the owner came up with $400 as the loss for the next year if the new pizza oven were purchased? Explain. Criticize the owner's analysis and decision.
A company makes a product out of metal. They employ two pounds of metal that costs them $20 per pound. They pay their employees $25 an hour and it takes average of 1.3 hours for them to make the final product.
Jack's Outdoor World is the company which manufactures and sells garden furniture. They've been operating for past ten years and have the comfortable share of market.
Walden Green provides custom farming services to owners of five-acre wheat fields. In July, he earned $2,400 by cutting, turning, and baling 3,000 bales.
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