Entries by mary WAMBUGU

Adelphi Company purchased a machine on January 1, 2017, for $100,000. The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.

August 24, 2019 in /by

Adelphi Company purchased a machine on January 1, 2017, for $100,000.  The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.  Adelphi sold the machine on January 1, 2021 for $24,000. Adelphi uses the double declining method for depreciation. Using this information, how much is the gain or (loss) for […]

 

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Betty Company’s April 1, 2019 beginning work in process was 850 units. During April an additional 2,900 units were put into production.

August 24, 2019 in /by

Question Betty Company’s April 1, 2019 beginning work in process was 850 units. During April an additional 2,900 units were put into production. At the end of April all units were completed except for 925 units. Use this information to determine number of units completed.   Looking for a Similar Assignment? Order now and Get […]

 

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On January 1, West Company had cash on hand of $100,000. All of January’s $224,000 sales were on account.

August 24, 2019 in /by

On January 1, West Company had cash on hand of $100,000. All of January’s $224,000 sales were on account. December sales of $250,000 were also all on account. Experience has shown that West typically collects 30% of receivables in the month of the sale and the balance the following month. All materials and supplies are purchased on account […]

 

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Benny Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

August 24, 2019 in /by

Question Benny Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows: Direct material of 4.50 yards at $5.25 per yard Direct labor of 3.00 hours at $17.00 per hour Overhead applied per sleeping bag at $18 In the month of April, the company actually […]

 

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