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Sanderson Company has the following production data for March: no beginning work in process, units started and completed 28,030, and ending work in process 3,890 units that are 100% complete for materials and 40% complete for conversion costs. Sanderson uses the FIFO method to compute equivalent units. If unit materials cost is $6 and unit conversion cost is $12.
Determine the costs to be assigned to the units transferred out and the units in ending work in process. The total costs to be assigned are $546,552.
Transferred out: ???
Ending work in process : ???
A machine costing $210,400 with a four-year life and an estimated $20,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the mac
The following data is available regarding costs and units: Observation Machine-hours Total Operating Costs January 4,000 $45,900 February 5,000 52,500 March 3,400 44,025 April 4,40
cost classifications and examples
You are required to conduct a detailed analysis of all the prime cost and overhead variances. You must create a fictitious company (and a fictitious cost object) which has at least
Presented below is a list of terms relating to cost behavior, followed by definitions of those terms: a. Rent on a factory building b. Engineering approach c. Fixed cost
Comparison between Marginal Costing and Absorption Costing There are accountants who favour all costing method. Arguments in favour about absorption costing are specified a
Planned Actual Production 92,000 units 87,000 units
How do I figure the estimated activity and estimated allocation base?
what is the different between Financial accounting and management accounting?
Cost accounting as a descriptive or analytical discipline
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