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The following information is available for the current year for Pike company. Number of units in beginning WIP Inventory 12,000 (30% complete) Number of units started in the current period 160,000 Number of units in the ending WIP Inventory 18,000 (70% complete) If Pike Company uses the weighted average process costing method, what is the total equivalent completed units transferred out and in WIP Inventory?
Employees at B Corporation are paid $5,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salary expense should be recorded two days later on January 2?
Prepare the adjustments made at December 31, 2008 and 2009. Prepare the necessary journal entry to recognize 2009 interest to date and the first interest payment on January 31, 2009.
Selected accounts and account balances from the trial balance and adjusted trial balance are as follows:
Provide the journal entry that Master should make on December 31, 2003 assuming the effective interest method. Elucidate how the bond liability and the related accounts will appear on the Balance Sheet of Master on December 31, 2003.
Calculate the increase or decrease in profits for the three divisions and the company as a whole (four separate computations) if the agreement is enforced. Explain your thought process.
Compute the labor price and quantity variances and find the total labor variance.
Assuming you desire to earn at least a 12% rate of return, should you make the investment (i.e., does the proposal have a positive net present value)? Explain how should uncertainty factor into the evaluation?
A neurologist serves on the board of trustees of the Neurological Disease Foundation, an organization that funds clinical research. He was asked to serve due to his expertise in neurological research, and he chairs the committee of the board that ..
On August 31, the balance sheet of La Brava Veterinary Clinic showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Equipment $6,000, Accounts Payable $3,600, Common Stock $13,000, and Retained Earnings $700. Prepare a tabular analysis of th..
The unit product costs at a normal level of 5,000 units per month and selling price of $90 are as follows: How much can advertising expense be spent to support the price increase and without having operating income fall below the current levels?
Determine the total cost per unit for each product using traditional job-order costing and determine the total cost per unit for each product using activity based costing
analyzing the statement based on trend analysis.marcus companyyou are the senior financial analyst for the marcus
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