Category: Business

Order answer: Taxes R Us TRU an income tax preparation firm uses

Business

Order answer: Taxes R Us TRU an income tax preparation firm uses

Posted By George smith

Taxes R Us (TRU), an income tax preparation firm, uses the FIFO method of process costing for the monthly reports. TRU has no materials cost in the preparation of the returns. The following shows its March information: Returns in process, March 1 (30% complete) ……..

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Order answer: Chen Manufacturing uses backflush costing Chen has the followin

Business

Order answer: Chen Manufacturing uses backflush costing Chen has the followin

Posted By George smith

Chen Manufacturing uses backflush costing. Chen has the following information for the most recent month of activity: Purchase of direct materials ……… $725,000 Direct materials used ………… $705,000 Conversion cost incurred ……….$1,450,000 Direct materials standard cost ……..$20 per unit Conversion cost at standard ………. $40 per unit

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Order answer: Grand Marine Inc GMI manufactures sailcloth used by sailmaker

Business

Order answer: Grand Marine Inc GMI manufactures sailcloth used by sailmaker

Posted By George smith

Grand Marine Inc. (GMI) manufactures sailcloth used by sailmakers that produce sails for sailboats. GMI’s sailcloth is the conventional polyester-based sail material and is used widely in recreational boating. Sailmakers throughout the world use GMI’s sailcloth. The manufacture of sailcloth has a small number of

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Order answer: Gifford Inc produces a single model of a popular cell

Business

Order answer: Gifford Inc produces a single model of a popular cell

Posted By George smith

Gifford, Inc. produces a single model of a popular cell phone in large quantities. A single cell phone moves through two departments, assembly and testing. The manufacturing costs in the assembly department during March follow: Direct materials added …….. $187,500 Conversion costs ……….. 165,410 $352,910

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Order answer: What are the objectives of cost allocation Which are most

Business

Order answer: What are the objectives of cost allocation Which are most

Posted By George smith

What are the objectives of cost allocation? Which are most important in a retail firm? In a manufacturing firm? In a service firm?

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Order answer: China Pacific Company manufactures a variety of natural fabrics

Business

Order answer: China Pacific Company manufactures a variety of natural fabrics

Posted By George smith

China Pacific Company manufactures a variety of natural fabrics for the clothing industry in a suburb of Shanghai. The following data in Chinese currency called yuan pertain to the month of October. Work-in-process inventory, October 1 …….25,000 units Direct materials: 60 percent complete ……..57,000 yuan

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Order answer: What does the term reciprocal mean in the context of

Business

Order answer: What does the term reciprocal mean in the context of

Posted By George smith

What does the term reciprocal mean in the context of departmental cost allocation?

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Order answer: What are the three methods of departmental cost allocation Expl

Business

Order answer: What are the three methods of departmental cost allocation Expl

Posted By George smith

What are the three methods of departmental cost allocation? Explain how they differ, which is the most preferred, and why.

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Order answer: What are the three phases of the departmental allocation approac

Business

Order answer: What are the three phases of the departmental allocation approac

Posted By George smith

What are the three phases of the departmental allocation approach? What happens at each phase?

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Order answer: Give two or three examples of the use of cost

Business

Order answer: Give two or three examples of the use of cost

Posted By George smith

Give two or three examples of the use of cost allocation in service industries and not-for-profit organizations.

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