admin

Steller Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small frequent orders and the non-JIT distributor tends to place […]

The calculation for cost per equivalent unit is a simple calculation: Under the weighted average method the numerator is the sum of the manufacturing costs in […]

Slone Company sells TVs. The perpetual inventory was stated as $30500 on the books at December 31 2004. At the close of the year a new […]

T-Shirt Man is a direct marketer of popular t-shirts. Following is information about its revenue and cost structure: Selling Price: $15/t-shirt Variable Costs: Production (manufacturing costs): […]

PROBLEM 13.4A Reporting Operating Cash Flows by the Direct MethodPLO3 C DR LO8 TREECE INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31 2011 Revenue: Net […]

Pretend your client is the owner of a privately held manufacturing company with two operational subsidiaries. Your client wants to consider expanding his investment in Subsidiary […]

In a joint process Wear Art produces precut fabrics for three products: dresses jackets and blouses. Joint cost is allocated on the basis of relative sales […]

On January 1 2012 PVP Co. issued 6 % bonds with a face value of $1000000 when the market interest rate was 10 %. The bonds […]

In January 2013 a new consulting firm recorded the following transactions:1. Issued stock to investors for $20000 cash.2. Purchased $5000 of equipment paying 20% in cash […]