Century 21 Accounting General Journal Working Papers
11th Edition
ISBN: 9781337623247
Author: Gilbertson, Claudia Bienias.
Publisher: Cengage Learning,
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Compute production cost per unit, under variable costing.
A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin? (A) 30.02% (B) 65.27% (C) 50.69% (D) 60.66% (E)55.27%
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- Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department 5,000 units, Work in process, November 1 40% completed 3,200 units, 80% completed Completed and transferred to next processing department during November 95,000 units 95,100 units 6,200 units, 3,100 units, Work in process, November 30 60% 15% completed completed If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for (a) the Drawing Department and (b) the Winding Department.arrow_forwardThe total assets of Dierdorf Co. are $780,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Dierdorf Co.'s stockholders' equity?arrow_forwardHow much is the net income for the year using the CVP approach?arrow_forward
- Do fast answer of this accounting questionsarrow_forwardTyler Toys has a beginning inventory for the year of $18,000. During the year, Tyler purchases inventory for $230,000 and has a cost of goods sold equal to $233,000. Tyler's ending inventory equals __.arrow_forwardHow much is Stephen's disposable income?? General accountingarrow_forward
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