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The following is the summary of the receipts and issues of material in a factory during December 2007. Prepare Store Ledger according to First in First Out Method. December 2007 1. Opening balance 500 units @ Rs.25 per unit 3. Issue 70 units 4. Issue 100 units 8. Issue 80 units 13. Received from supplier 200 units @ Rs.24.50 per unit 14. Returned to store 15 units @ Rs.24 per unit 16. Issue 180 units. 20. Received from supplier 240 units @ Rs.24.75 per unit 24. Issue 304 units. 25. Received from supplier 320 units @ Rs.24.50 per unit 26. Issue 112 units 27. Returned to store 12 units @ Rs.24.50 per unit 28. Received from supplier 100 units @ Rs.25 per unit It was revealed that on 15th there was a shortage of five units and another on 27th of 8 units.
1 treads corporation is considering the replacement of an old machine that is currently being used. the old machine is
Compute the cost allocation rate for each activity. Use the activity-based cost allocation rates to compute the activity costs of the commercial containers and the travel packs. (Hint: First compute the total activity costs allocated to each produ..
Hathaway, Inc. sponsors a defined-benefit pension plan. The following data relates to the plan for 2013: Contributions to the plan, $450,000; Service cost, $500,000;
if the mercahdise cost 5000 insurance in transit cost 250 tarriff cost 75 processing the pruchase order by the
Prepare the sales revenues section of the income statement based on this information.
Construct a scatter plot using excel for the given data. Determine whether there is a positive linear correlation, negative linear correlation, or no linear correlation. Complete the table and find the correlation coefficient r. (References: examp..
Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding.
A firm leases equipment under a capital lease (analogous to an installment purchase) that calls for 12 semiannual payments of $39,014.40. The first payment is due at the inception of the lease. The annual rate on the lease is 6%. What is the value..
Use the high-low method to calculate the cost formula utility costs.
Which of these totals would be useful in preventing or detecting IT system input and processing errors or fraud described as follows?
The Winsey Company purchased equipment on January 2, 2010, for $700,000. The equipment has the following characteristics:Estimated service life ......... 20 years 100,000 hours950,000 units of outputEstimated residual value ....... $50,000During 2010..
Define a Name under the Formulas menu to create the name Annual_Hrs.
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