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Mack, Inc., uses a weighted-average process costing system. Direct materials and conversion costs are incurred evenly during the production process. During the month of October, the following costs were incurred:
Direct materials $39,700
Conversion costs 70,000
The work-in-process inventory as of October 1 consisted of 5,000 units, valued at $4,300, that were 20% complete. During October, 27,000 units were transferred out. Inventory as of October 31 consisted of 3,000 units that were 50% complete. The weighted-average inventory cost per unit completed in October was
A. $3.51
B. $3.88
C. $4.00
D. $3.99
Why isn't EUP (equivalent units of production) 33,500 instead of 28,500? Since, the BWIP as to weighted average is suppose to always be 100%.
Manufacturing costs consisited of direct labor,$30000,direct materials $32000,varible manufaacturing overhead,$3500,fixed manufactring overhead $21500.Selling and administrative costs are all fixed and totaled $24000.Beginning inventory consists o..
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front company had net income of 72500 based on variable costing. beginning and ending inventories were 800 units and
the collyer corporation is authorized to issue 100000 shares of 1 par value common stock. prepare the journal entry to
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mensa corporation has 3000 shares of 7 100 par value preferred stock outstanding at december 31 2012. at december 31
Different cost per unit be charged to Work in Process each month for factory overhead assuming that a predetermined annual overhead rate is used?
What is a master budget? What are some underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?
If the ending inventory of finished goods was $30,000, what was the beginning inventory of finished goods must have been?
Dobbs Wholesale Antiques makes all sales under terms of FOB shipping point. The company usually receives orders for sales approximately one week before shipping inventory to customers.
Draft a memo to CEO Carlisle comparing the advantages and disadvantages of using forward contracts and options to hedge foreign exchange risk. Make a recommendation for which type of hedging instrument you believe the company should employ, and provi..
The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product: The best estimate of the total variable manufacturing cost per unit is:
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