Entries by mary WAMBUGU

During FY 2019, Dorchester Company plans to sell Widgets for $11 a unit. Current variable costs are $7 a unit and fixed costs are expected to total of $148,000.

August 30, 2019 in /by

1.) During FY 2019, Dorchester Company plans to sell Widgets for $11 a unit. Current variable costs are $7 a unit and fixed costs are expected to total of $148,000. Use this information to determine the number of units of Widgets for Dorchester to breakeven.  (Round to the nearest whole number) 2.) During FY 2019, Dorchester Company plans […]

 

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On May 21, 2019, Christine worked 7.0 hours on Job A-1, and 3 hours on general “overhead activities.” Christine is paid $18 per hour.

August 30, 2019 in /by

1.) On May 21, 2019, Christine worked 7.0 hours on Job A-1, and 3 hours on general “overhead activities.” Christine is paid $18 per hour.  Overhead is applied based on $20 per direct labor hour.  Additionally, on May 21 Job A-1 requisitioned and entered into production $280 of direct material.  On May 21, Christine, while working on Job A-1 used […]

 

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On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production.

August 30, 2019 in /by

1.) On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 36,000 units were started. At the end of the month all started units were 55% complete with respect to conversion. Direct […]

 

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On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $14 per share. Baltimore obtained significant influence as the purchase represents a 40% ownership stake in Towson Company.

August 30, 2019 in /by

1.) On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $14 per share. Baltimore obtained significant influence as the purchase represents a 40% ownership stake in Towson Company. On August 1, 2018, Towson Company paid cash dividends of $25,000. Baltimore Company intended this investment to a long-term investment. On December 31, 2018, Towson […]

 

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