Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. 5β9 Prepare the journal entry to transfer costs from Work in Process to Finished Goods. 5β10 Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account. 4 of 5 02/25/21 5β11 Prepare a schedule of cost of goods sold. (Stop after computing the unadjusted cost of goods sold.) 5β12 Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. 5β13 What is the amount of underapplied or overapplied overhead? 5β14 Prepare the journal entry to close the amount of underapplied or overapplied overhead to the appropriate account.
Answers: 3
Business, 21.06.2019 23:30
Acompany is developing a new highΒperformance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.
Answers: 2
Business, 22.06.2019 06:40
At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulklyβs fiscal year ends on december 31, 2018. the companyβs financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.
Answers: 1
Business, 22.06.2019 20:00
What part of the rational model of decision-making does the former business executive βelliottβ have a problem completing?
Answers: 2
Business, 23.06.2019 00:10
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
Answers: 2
Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materi...
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