HORNGREN'S FIN.+MGRL..:MANAG.CHP.-MYLAB
HORNGREN'S FIN.+MGRL..:MANAG.CHP.-MYLAB
7th Edition
ISBN: 9780136503613
Author: MILLER-NOBLES
Publisher: PEARSON
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Chapter 9, Problem 5QC

A copy machine costs $45,000 when new and has accumulated depreciation of $44,000. Suppose Prim and Photo Center junks this machine and receives nothing. What is the result of the disposal transaction?

a. No gain or loss

b. Gain of $1,000

c. Loss of $1,000

d. Loss of $45,000

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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.
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