subject
Business, 08.07.2019 22:30 tejasheree

Remington inc. is contemplating the use of process costing to track the costs of its operations. the operation consists of three segments (departments): receiving, shipping, and delivery. containers are received at remington’s docks and sorted according to the ship they will be carried on. the containers are loaded onto a ship, which carries them to the appropriate port of destination. the containers are then off-loaded and delivered to the receiving department. remington wants to begin using process costing in the shipping department. direct materials represent the fuel costs to run the ship, and “containers in transit” represents work in process. listed below is information about the shipping department’s first month’s activity. calculate the equivalent units for direct materials and conversion costs.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:20
What are the general categories of capital budget scenarios? describe the overall decision-making context for each.
Answers: 3
question
Business, 22.06.2019 06:10
P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.
Answers: 1
question
Business, 22.06.2019 10:10
Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?
Answers: 2
question
Business, 22.06.2019 10:50
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 3
You know the right answer?
Remington inc. is contemplating the use of process costing to track the costs of its operations. the...
Questions
question
Mathematics, 19.02.2020 21:31
question
Mathematics, 19.02.2020 21:31
question
Physics, 19.02.2020 21:31
Questions on the website: 13722361