Reference no: EM132517587
Question 1: How many units were started into production in a period if there were zero units of beginning work in process inventory, 1,100 units in ending work in process inventory, and 21,500 completed and transferred out units?
Question 2: What are the total costs to account for if a company's beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?
Question 3: Overhead is assigned to the manufacturing department at the rate of $10 per machine hour. There were 3,500 machine hours during October in the shaping department and 2,500 in the packaging department. Prepare the journal entry to apply overhead to the manufacturing departments.
Question 4: Blue Book printing is budgeting sales of 25,000 units and already has 5,000 in beginning inventory. How many units must be produced to also meet the 7,000 units required in ending inventory?
Question 5: Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. What sales budget by quarter for the first year.
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Find cost per liter out of the mixing department
: Calculate the quantity of work in process (WIP) inventory in the Mixing department, and analyze the conversion cost (after computing it).
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Explain process cost report using weighted average method
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What cost of capital should the firm use to evaluate project
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Calculate annual cash flow from dividend
: The EBIT of Queen Ltd is expected to be $100,000 per year in perpetuity. Assume there are no taxes, and all earnings of both firms are paid out as dividends.
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What sales budget by quarter for the first year
: It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. What sales budget by quarter for the first year
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Long-term debt and marginal tax rates
: The Warren Antique Car Company (...happens to have abbreviation WACC, lol) has an equity beta, b, of 0.8 and 40% debt in its capital structure.
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What main difference between static and flexible budgets
: What is the main difference between static and flexible budgets? Which approach is most likely to result in employee buy-in to the budget?
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Forward price and the initial value of the forward contract
: What are the forward price and the initial value of the forward contract? The forward price is (sample answer: $75.50) and the initial value is (sample answer:
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Design and function of financial instruments
: The design and function of financial instruments, markets, and institutions are tied to the importance of information. Describe the role played
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