11. (TCO 3) The Blending Department began the period with 45,000 units. During the period the department received another 30,000 units from the prior department and completed 60,000 units during the period. The remaining units were 75% complete. How much are equivalent units in The Blending Department’s work in process inventory at the end of the period? (Points: 4)1-30,000 2-22,500 3-15,000 4-11,250 12. (TCO 3) […]
St. Johns River Shipyards’s welding machine is 15 years old, fully depreciated, obsolete, and has no salvage value. However, even though it is obsolete, it is perfectly functional as originally designed and can be used for quite a while longer. The new welder will cost $81,500, and have an estimated life of 8 years with no salvage value. The new welder will be much more […]
The accounting records of company iclude the followinginformation relating to the current year: Dec1 Jan1 Materialsinventory………………………………………………………$20,000 $25,000 Work in processinventory…………………………………………… 37,500 40,000 Finished goods inventory,Jan1(10,000 [email protected] $21 perunit).. ? 210,000 Purchases of direct materials duringyear…………………………. 330,000 Direct labor costs assigned toproduction……………………….. 375,000 Manufacturingoverhead……………………………………………… 637,500 d. Compute the cost of inventory of finished goods at December31 of the current year, assuming that the FIFO method of inventoryis used Show more
Additional information: a. The paid-up capital of Jambu is made up of 5 million ordinary shares. b. Alice bought 80% of the issued ordinary share capital of Jambu on 1 January x5 when the retained profit of Alice was $100,000. On that date, a building of Jambu was revalued to $2 million and the carrying amount was $1.5 million. The remaining useful life was 40 years. Jambu […]
True or false TRUE – FALSE1 .The par value of a share of capital stock indicates the price at which the share must originally beissued.2.The cost of land would include survey and title fees.3. The book value of an asset is its original cost minus accumulated depreciation.4. A corporation is not an entity which is separate and distinct from its owners.5. Retained earnings are a […]
1. Tinbergen Cans expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6 percent and a 30 percent dividend payout. How much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing. […]
Requesting Assistance to the following: TJX Companies Executive Summary Existing mission, objectives, and strategies A new mission statement (include the number of the component in parenthesis before addressing that component) Great mission statements address these 9 components: Customers: Who are the firm’s customers? Products or services: What are the firm’s major products or services? Markets: Geographically, where does the firm compete? Technology: Is the firm […]
The firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm’s output is $25. The cost of other variable inputs is $400,000 per day. Although you do not know the firm’s fixed cost, you know that it is high enough that the firm’s total costs exceed its total revenue.Assume […]
Exercise 6-18 Sheridan Industries is a leading manufacturer of golf balls Each golf ball requires 1 minute of direa labor time to complete. Sheridan used 7,300 direct labor hours in July to produce 431,400 golf balls. Sheridan’s standard labor rate is $13per direct labor hour, and the actual labor rate in July was $10.83. Calculate Sheridan’s direct labor efficiency variance for July. (If varlance ls […]
Based on the Brand that i chose which is “Doctors without borders” in the Unit 2 discussion, you will develop the Product and Price portion of your final project in the assignment for this unit. Using the references you have found to learn about your chosen brand, write a one page APA style essay in your Final Project Template, providing the following information: Product Discuss […]
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