ADVANCED ACCT CUSTOM W/CONNECT
ADVANCED ACCT CUSTOM W/CONNECT
14th Edition
ISBN: 9781307697711
Author: Hoyle
Publisher: MCG/CREATE
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Chapter 8, Problem 13P

Which of the following information items with regard to a major customer must be disclosed?

  a.    The identity of the major customer.

  b.    The percentage of total sales derived from the major customer.

  c.    The operating segment making sales to the major customer.

  d.    The geographic area in which sales to the major customer are made.

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Harrison Manufacturing had a beginning work in process inventory balance of $40,500. During the year, $89,000 of direct materials were placed into production. Direct labor costs totaled $72,600, and indirect labor was $24,500. Manufacturing overhead is allocated at 125% of direct labor costs. Actual manufacturing overhead was $95,000, and jobs costing $275,000 were completed during the year. Compute the ending work in process inventory balance.

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ADVANCED ACCT CUSTOM W/CONNECT

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