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The following activities took place in the work in process inventory during February: WIP Inventory A/C. You're Reading a Free Preview. E. the interquartile range is preferred when the data are not skewed or no have outliers. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Finishing Total. Opunui corporation has two manufacturing departments--molding and finishing oils. Reward Your Curiosity. V) Calculate the gross profit earned by Harriott on the jobs completed.

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G) To move the completed jobs into finished goods inventory. Data concerning those two jobs follow: Job A Job M. Direct materials $14, 700 $8, 400. Direct labor cost $21, 600 $8, 400. Two jobs were completed with total costs of $384, 000 & $270, 000 respectively. Interpreting a Function. Sold on account at a margin of 33?

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Other manufacturing overhead costs incurred for November amounted to $340, 490.? 95 liters in every quart. Problem 1: Assume that the company uses a plant wide predetermined manufacturing overhead rate based on machine-hours. Opunui corporation has two manufacturing departments--molding and finishing material. Suppose the current LIBOR3 is 4. H) To sell the two completed jobs on account. The company feels that interest rates are rising and that rates will be higher at the next roll-over in three months. Vi) Determine the balance in work in process inventory on November 30.

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4375% and Nestle buys a "3 x 3" FRA on LIBOR at 5% from Credit Suisse. Estimated variable manufacturing overhead cost per MH $ 2. This table displays a scenario. E) For other manufacturing overhead incurred.

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7. it dosnt matter wich one you pick your gonna get it right. Iv) What is balance on the Cost of Goods Sold account after the adjustment. This is a function because every input has exactly. Everything you want to read. Molding machine-hours 2, 700 1, 300. 95q represents the table.

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Other transactions incurred:? F) For manufacturing overhead applied to production for November, given that Harriott. Opunui corporation has two manufacturing departments--molding and finishing of textiles. Check all that apply. How much will Nestle receive/pay on its FRA? What can be determined from the table? Required: i) Compute Harriott's predetermined manufacturing overhead rate for 2020. ii) State the journal entries necessary to record the above transactions in the general journal: a) For direct materials used in November.

Total manufacturing labour incurred in November was $368, 000, 75% of this amount. The company uses machine. B) For indirect material issued to production in November. During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Reference no: EM132611276. Of liters is the output.

At the beginning of 2020, the company estimated that 31, 400. machine hours would be worked and $5, 024, 000 overhead cost would be incurred during 2020. Hours to apply overhead cost to jobs.
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