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Question 1: Nettle Co. uses process costing to account for the production of rubber balls. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 17,700 units for materials and 17,500 units for conversion costs. Beginning inventory consisted of $7,000 in materials and $21,875 in conversion costs. April costs were $41,200 for materials and $67,375 for conversion costs. Ending inventory still in process was 7,000 units (100% complete for materials, 50% for conversion). The equivalent cost per unit for conversion costs using the FIFO method would be:
What are some of the non-financial aspects of the automation decision that PB management should consider when deciding whether to embark on the automation project or not?
labor costs of an auto repair mechanic are seldom based on actual hours worked. instead the amount paid a mechanic is
The $2,000 had been credited to Notes Payable instead of Ac- counts Payable. If the books are closed, what single entry could you make?
budgeting is an important internal activity. preparing budgets involves forecasting sales and estimating costs. for
Explain why Warner might want to allocate security department costs to other departments.
question 1martinez plastics company makes just two product lines plastic casings for pens and plastic casings for cell
Identify some of the major differences between the fields of financial and managerial accounting.
Determine the minimum selling price based on the above information and Show the sales and profitability if the company sells all the units produced
This week we'll be looking at outsourcing from a business perspective. Please read the 10 Business Outsourcing Trends for 2017 here.
Suppose my utility function for asset position x is givenby u(x) ln x.a Am I risk-averse, risk-neutral, or risk-seeking?b I now have $20,000 and am considering the followingtwo lotteries:L1: With probability 1, I lose $1,000.L2: With probability .9..
Compute the activity rates for each of the company's three activities.
How many units were in Work in Process at the end of August?
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