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Problem 1: Production data show 35,920 units were transferred out of a stage of production and 6,150 units remained in ending WIP inventory that was 100% complete to material and 35% complete to conversion. The unit material cost is $5 for material and $8 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?
Assume the two divisions agree on a transfer price of $80.82. What is the incremental income to division L if a transfer takes place?
Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)
The payroll expense on the common-size statement was 15%. Based on this information, the total payroll expense for the year must have been
What expected return on equity? Suggest which option would you like if you are managers of the company and do not have much concern about business?
The Porter Company has a standard cost system. In July the company purchased and used 22,500 pounds of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 Unfavorable; and the standard quantity of materials allowe..
During the one month of operation, company produced, Calculate the two variances for material, two variances for labor, and two variances for factory overhead.
The centralized computer technology department of Hardy Company has expenses of $320,000. How much should each division be allocated for department
Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. Byrd Company produces one product, a putter called GO-Putter
Calculate the materials loading charge that would be used in billing jobs. The materials loading charge should be expressed as a percentage of the invoice cost.
Compute depreciation for 20X3 - 20X7 by using the following methods: straight line, units of output, and double-declining-balance and management shortened the remaining service life of the machine to 20 months. Assuming use of the straight-line met..
Calculate the budgeted total unit cost. Sales for the year are expected to total 1,000,000 units. Quarterly sales are 18%, 23%, 23%, and 36%
Mary and Kay, Inc., maintains a $85,000 minimum cash balance at all times. Prepare schedule that discloses firm total cash collections
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