Financial Accounting: Information for Decisions
Financial Accounting: Information for Decisions
8th Edition
ISBN: 9781259533006
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 9, Problem 9QS
Summary Introduction

Introduction: Liabilities for health and pension benefits, warranties, and bonuses are recorded with estimated accounts.

To determine: Prepare Journal entry to record the cash sales and Repairs parts of inventories.

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Silva Manufacturing's output for the current period was assigned a $260,000 standard direct materials cost. The direct materials variances included a $4,500 favorable price variance and a $6,000 unfavorable quantity variance. What is the actual total direct materials cost for the current period?
If image is blurr then please comment below i will write values. if you answer with incorrect values i will give unhelpful confirm.
Vanderbilt Trading Co. is a retail merchandiser with the following information: . Yard Maintenance: $8,000 • • • • • Delivery Expense: $1,500 Freight-in: $400 Purchases: $60,000 Ending Inventory: $7,500 Beginning Inventory: $10,000 ⚫ Revenues: $90,000 • What is the Cost of Goods Sold (COGS) for Vanderbilt Trading Co.?

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Financial Accounting: Information for Decisions

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