Cost relationships; normal costing systemmcallister. incl employs a normal costing system. the following information pertains to the year just ended.- total manufacturing costs were $2,500,000.0 cost of goods manufactured was $2,425,000.0 applied manufacturing overhead was 30 percent of total manufacturing costs.0 manufacturing overhead was applied to production at a rate of 80 percent of direct-labor costs- work-in-process inventory on january 1 was 75 percent of work-in-process inventory on december 31.required: 1. compute the total direct-labor cost for the year.1 calculate the total cost of direct material used during the year.3. compute the value of the company's work-in-process inventory on december 31.
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Business, 22.06.2019 07:10, firdausmohammed80
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
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Business, 22.06.2019 09:50, sanam3035
For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers
Answers: 1
Business, 22.06.2019 11:10, evansh78
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
Cost relationships; normal costing systemmcallister. incl employs a normal costing system. the foll...
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