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David Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in process inventory that were 85% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $127,200. An additional 73,000 units were started into production during the month. There were 19,000 units in the ending work in process inventory of the Welding Department that were 10% complete with respect to conversion costs. A total of $401,250 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month?
The company did not maintain any inventories, so total cost of goods sold was $4,400. Selling expenses totalled $1,600 ($600 variable and $1,000 fixed), and administrative expenses totaled $1,500 ($500 variable and $1,000 fixed). Operating income was..
he mailing of Ken’s Checks continued for the next four weekly Paydays. It wasn’t until the monthly Payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. What actions should the com..
Compute the unit contribution margin for each product. Determine which product should be produced in priority, given the labor constraint, and explain why.
Identify and describe the factors that the directors of Super Cleaning Products and Ltd should consider in evaluating whether to continue paying out 30% of the company's after tax profits as dividends to its shareholders.
Of the fixed costs, controllable fixed costs are $100,000 and noncontrollable fixed costs are $300,000. What is the controllable margin and total contribution by profit center (CPC)?
Journalize the transactions of November 10. What is balance in Treasury Stock on December 31 of the current year?
SCR Company had 600,000 shares of common stock outstanding on December 31, 2013. During the year 2014 the company acquired and then retired 15,000 shares on April 1 and issued 50,000 shares on July 31. For the year 2012 SCR Company reported net incom..
How would you improve it? Calculate alternative rates that you would use and explain why you think it would help Rex. You should draw on information provided in Tables 1 to 4 to support your recommendation.
What is the profit maximizing price and output level. Solve this for equilibrium p and q. Also plot the mc,, d and mr curves. What profit do you expect the firm will make in the first year.
On November 30, the end of the current fiscal year, the following infor- mation is available to assist Caruso Company’s accountants in making adjusting entries: Caruso Company’s Supplies account shows a beginning balance of $2,350. Purchases during t..
List out the items that must be certified by corporate management in accordance with the provisions of the Sarbanes-Oxley Act. Discuss how these responsibilities have likely changed the period-to-period activities of the certifying managers.
On June 15, Nadal declared and paid a cash dividend of $37,000. On December 31, Nadal reported a net income of $93,500 for the year.
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