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What are the total cost and the unit cost of the completed job? What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?
Mason company keeps 20 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $4,000 per day.
Tomar Company produces vitamin energy drinks. The Mixing Department, the first process department, mixes the ingredients required for the drinks.
Suppose each division is assessed a capital charge based on a cost of capital of 10% of invested capital. Compute the economic profit for each division.
Did Lohmann's overall performance improve from 20X1 to 20X2? Explain.Lohorman Corp is a major supplier to makers of outdoor power equipment.
Prepare a tabulation of the contribution margin per unit for the finishing division's performance and overall company performance under two alternatives of a) selling to outsiders at the transfer po
Compute the miimu transfer price per wheels at which the Toledo division would be willing to produce and sell wheels to the Dayton division. Assume that Toledo has excess capacity.
Via does business in three different business segments 1. Entertainment, publishing, information, and consumer/ commercial finance. Results for a recent year were as follows.
The primary difference between the EVA and economic profit measures is the increased focus on cash flow by EVA.
Demi is an accounting analyst. She made a name for herself in the Florida panhandle with several small businesses. Growing tired of working seven days a week, Demi formed a partnership with a local
Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. How many shares of common stock are outstanding at year-end?
$10,000,000 face value, zero coupon bonds due in 20 years, priced on the market to yield 8% compounded semiannually. Round to nearest dollar.
In addition to his salary, the company also paid him a housing allowance of $5,000 per month, but he actually lived in his own property on Hong Kong Island.
Assume that Naylor Company sells the same number of units in 2014 as it did in 2013. What would the selling price have to be in order to reach the stockholders' desired profit level?
Accounts receivable is recorded at gross. The Allowance for doubtful accounts is computed at 2% of ending accounts receivable. The Office supplies inventory is valued according to FIFO.
Prepare a summary of the variances. Does the unfavorable overhead volume variance suggest that overhead cost are out of control?
Taxes are 35 percent of pretax income and are paid in the quarter incurred. Fifty percent of sales are collected in the quarter of sale and 50 percent are collected in the next quarter.
Preston Manufacturing uses the variable costing method. Thus, only variable production costs are included in inventory and cost of goods sold. Fixed production costs are charged to expense in the pe
Nomar started a construction project during 2012. The total contract price is 500,000, and 100,000 in costs were incurred in 2013. Estimated costs to complete the project in 2014 are 200,000.
Brunswick Parts is a small manufacturing firm located in eastern Canada. The company, founded in 1947, produces metal parts for many of the larger manufacturing firms located in both Canada and the
Van Doren Corporation is considering producing a new temperature regulator called Digidial. Marketing data indi
Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900
The Boston Culinary Institute is evaluating a classroom remodeling project. The cost of the remodel will be $350,000 and will be depreciated over 6 years using the straight-line
Penguin Productions is evaluating a film project: The president of Penguin estimates that the film will cost $20,000,000 to produce.
What was the cost per equivalent unit for conversion costs for January in the Molding Department? (Round off to three decimal places.)