Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
There are no beginning inventories. Information for April 2020 is:
Direct materials Purchased P880,000
Direct material used P850,000
Conversion costs incurred P422,000
Conversion Costs allocated P400,000
Costs transferred to finished goods P1,250,000
Cost of goods sold P1,190,000
Problem 1: Adjustment to Cost of goods sold involving over/under allocated conversion cost must be
a. Increase of 22,000
b. Decrease of 22,000
c. Increase of 90,000
d. Decrease of 90,000
Sheffield Company uses a periodic inventory system. For April, when the company sold 550 units.Compute the April 30 inventory and the April cost of goods sold.
Compute the costs of second quarter sales and of units in inventory at end-June x4, under FIFO, WAC and LIFO cost-flow assumptions.
Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.
What is the maturity value, what is the annual cash interest payment and what are the proceeds the company receives upon issuance of the bond?
Calculate the balance in the investments account at December 31, 2011. Do not use decimals in your answer.
Provide an example of a direct cost and indirect cost from your workplace or an organization with which you are familiar. What is the difference?
Budgeted fixed overhead for the year at 200 machine hours is P5,000. Actual machine hours used were 195 machine hours. Idle capacity variance?
20% relates to sales and administrative offices. If all items are handled in the proper manner, a review of the company's accounting records should reveal a
Mr. Schultz is uncertain about what other expenditures in relation to this purchase he should include in the cost of land. From the following list, choose what expenditures Mr. Schultz should include and total them.
Marie Manufacturing reported net income of $42,120 and has a 35% tax rate. If Marie sold 23,040 units, what were the company's operating income and fixed costs
Chester has negotiated a new labor contract, how many units of product Cake would need to be sold next round to break even on the product?
Company uses the most accurate method of prorating overapplied or underapplied overhead, the balance in the cost of goods sold account after proration would be
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd