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Problem - Alpha Co. uses a FIFO process costing system. The company had 5,000 units that were 60 percent complete as to conversion costs at the beginning of the month. The company started 22,000 units this period and had 7,000 units in ending Work in Process Inventory that were 35 percent complete as to conversion costs. What are equivalent units for material, if material is added at the beginning of the process?
Prepare a multiple-column cash receipts journal a multiple-column cash payments journal - record the transaction(s) for May that should be journalized in the cash receipts journal and cash payments journal.
What would be the cost per equivalent unit for conversion costs for September - Malaviya Corporation uses the FIFO method in its process-costing system. Operating data for the Casting Department
Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate.
Prepare the journal entry necessary on December 31, 2014 if the company estimates that bad debt expense should be 2% of net credit sales.
Explain rationale, including with GAAPs the university may be in violation of. If you don't agree with one or both, there needs to be a sound reason
Determine the variable factory overhead controllable variance. Determine the fixed factory overhead volume variance.
Find the production-volume variance totals. The company uses variable costing and the fixed manufacturing cost rate is based on the budgeted denominator level.
What is the effective annual rate for each option?
Collateral security pass journal entries
Bicycles plans for an after-tax profit of $180,000 and its tax rate is 40%. How many magik bikes should magic bicycles sell to reach the target net income?
Evaluate approximate Activity Cost Driver Rates (ACDR) for the drivers you have chosen.
What is the maximum unit price that the company would be willing to pay the supplier without decreasing its operating income?
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