CH03 Quiz – During March
Managerial Accounting
Wild and Shaw
07th Edition
Compute direct materials cost per equivalent unit.
Compute direct materials cost per equivalent unit.
Compute the direct labor cost per equivalent unit.
How many units did Forming Dept. start and complete in the current month?
Entry to account for the cost of goods sold.
Calculate the equivalent units of conversion.
Prepare a process cost summary report and find the cost per eq unit conversion.
What are the amounts of direct labor and factory overhead?
Journal entry at the time of sale.
What are the expected requirements for a good or service?
They give you a list of accounts and ask for the missing amounts (inventory, equipment, total assets, accounts payable, long-term debt). Part2 they ask for the balance sheet.