Prepare the appropriate adjusting journal
Wiffery Company had the following trading securities in its portfolio at December 31. The Fair Value Adjustment - Trading account had a balance of zero prior to year- end adjustment. Prepare the appropriate adjusting journal entry.
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Some Co. can further process Product J to produce Product D. Product J is currently selling for $19.00 per pound and costs $16.00 per pound to produce.
Mighty Safe Fire Alarm is currently buying 56,661 motherboards from MotherBoard's Inc. at a price of $67.00 per board. Mighty Safe is considering making its own boards.
Eagle Corporation manufactures a picnic table. Shown below is Eagle's cost structure: Variable cost per table Total fixed cost for the year.
Johnson Company operates two plants, Plant A and Plant B. Last year, Johnson Company reported a contribution margin of $47,700 for Plant A.
A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $14.00 per unit. The unit cost for the business to make the part is $22.00.
Seagrave Company estimates that 240,000 direct labor hours will be worked during 2011 in the Assembly Department. On this basis, the following budgeted manufacturing overhead data are computed.
Should the company produce a special order for 3,000 units for $30 per unit? If the corporation accepts the special order, they must produce and sell the entire 3,000 units for $30.
The Jackson Timberlake Wardrobe Co. just paid a dividend of $1.45 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indef nitely.
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