Showing 161 to 170 of 1511 Questions
  • Big City Bank processes the checks its customers write at Riverdale Operations Center (ROC). ROC processed 2,800,000 checks in September. It takes only seconds to process a check, so none are left unprocessed at the end of the day. ROC cost data from September show the following costs:Labor . . . . . . . . . . . . . . . . . . . $35,000Ce

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    340
  • Bindon Furniture Manufacturing has completed its monthly inventory count for dining room chairs and recorded the following information for ending inventory: 600 units 100 percent complete, 300 units 60 percent complete, and 100 units 20 percent complete. The company uses a process costing system to determine unit cost. Why would unit cost

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    226
  • Birmingham Contractors uses a job order costing system. In May 2010, the company made a $3,300,000 bid to build a pedestrian overpass over the beach highway at Gulf Shores, Alabama. Birmingham Contractors won the bid and assigned #515 to the project. Its completion date was set at December 15, 2010. The following costs were estimated for

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  • Bjerg Corporation incurred the following transactions.1. Purchased raw materials on account $46,300.2. Raw Materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials.3. Factory labor costs incurred were $53,900, of which $49,000 pertaine

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    178
  • Blaine Corp. makes fl oats for Mardi Gras in New Orleans. The company’s fiscal year ends on March 31. On January 1, 2010, the company’s WIP Inventory account appeared as follows:The direct labor cost contained in the beginning balance of WIP Inventory was for a total of 15,200 direct labor hours (DLHs). During January, 7,600 DLHs wer

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    202
  • Blaine Corp. makes floats for Mardi Gras in New Orleans. The company’s fiscal year ends on March 31. On January 1, 2013, the company’s WIP Inventory account appeared as follows:The direct labor cost contained in the beginning balance of WIP Inventory was for a total of 15,200 direct labor hours (DLHs). During January, 7,600 DLHs were

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    51
  • Blakely Company estimates that total factory overhead costs will be $160,000 for the year. Direct labor hours are estimated to be 20,000. For Blakely Company (a) Determine the predetermined factory overhead rate, (b) Determine the amount of factory overhead applied to Jobs 50 and 51 in October using the data on direct labor hours from Pra

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    177
  • Blue Plate Construction organized in December and recorded the following transactions during its first month of operations:Dec. 2 Purchased materials on account for $400,000. Dec. 3 Used direct materials costing $100,000 on job no. 100. Dec. 9 Used direct materials costing $150,000 on job no. 101. Dec. 15 Used direct materials costi

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    30
  • Bluebird Manufacturing makes carrying cases for portable electronic devices. It’s costing records yield the following information:Requirements 1. Which type of costing system is Bluebird using? What piece of data did you base your answer on? 2. Use the dates in the table to identify the status of each job. Compute Bluebird’s account

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    20
  • Bob and Beth Ford retired from the food services industry and began catering wedding receptions on a limited basis. The major costs in setting up their business included: linens, $1,200; two complete silver services, $1,000; glass plates and cups, $1,400; and cake-decorating tools and accessories, $600. It is expected that all of these it

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    31
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