According to superfund (CERCLA), what is the formal steps to follow in the cleanup process? How much is the current EPA budget for the Superfund program? How the regulations are applied for recouping cleanup costs?
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According to superfund (CERCLA), what is the formal steps to follow in the cleanup process? How much is the current EPA...
Greer Company developed the following data for the current year: Beginning work in process inventory $ 102,000 Direct materials used 156,000 Actual overhead 132,000 Overhead applied 138,000 Cost of goods manufactured 675,000 Total manufacturing costs 642,000 How much is Greer Company's ending work in process inventory for the year? Is the Manufacturing Overhead Overapplied or Underapplied and by how much? Record the journal entry for Over/Under applied OH for this problem. What account will the COGM of $675,000 be transferred...
9. Is manufacturing overhead underapplied or overapplied for the year? By how much? 10. What is the cost of goods available for sale during the year? 11. What is the journal entry to record the cost of goods sold referred to in item h above? 12. What is the ending balance in Finished Goods? Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods...
At the beginning of the month, Mark’s Masonry had two jobs in process that had the following costs assigned from previous months: Job Number: JB111 Direct Labor: $24k Applied Overhead: ?? Job Number: JB115 Direct Labor: $15k Applied Overhead: ?? During the month, Jobs JB111 and JB115 were completed but not billed to customers. The completion costs for JB111 required $26,000 in direct labor. For JB115, $75,000 in direct labor was used. During the month, one new job, JB120, was...
At the beginning of the month, Mark’s Masonry had two jobs in process that had the following costs assigned from previous months: Job Number: JB111 Direct Labor: $24k Applied Overhead: ?? Job Number: JB115 Direct Labor: $15k Applied Overhead: ?? During the month, Jobs JB111 and JB115 were completed but not billed to customers. The completion costs for JB111 required $26,000 in direct labor. For JB115, $75,000 in direct labor was used. During the month, one new job, JB120, was...
1. What is the total manufacturing cost added to Work in Process during the year? 2. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? Record the manufactured goods completed during this year. 3. What is the ending balance in Work in Process? 4. What is the total amount of actual manufacturing overhead cost incurred during the year? 5. Is manufacturing overhead underapplied or overapplied for the year? By...
1. What is the ending balance in Work in Process? 2. Is manufacturing overhead underapplied or overapplied for the year? By how much? 3. What is the cost of goods available for sale during the year? 4. What is the journal entry to record the cost of goods sold referred to in item h above? Record the cost of goods sold to the customer. 5. What is the ending balance in Finished Goods? 6. Assuming that the company closes its underapplied...
DQ1. What is an Audit Work Program (some call it Audit Program)? The audit work program - Email Surveillance Audit Program – What is the structure and contents including various audit steps. Find 1-2 steps in the audit program where the audit software can be used. How can audit software be used to gather evidence?. (the Audit program (Email Surveillance Audit Program details is attached). DQ3. Review the contents of the Audit Manual of Office of University Audits at University...
The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company’s predetermined overhead rate of $13.00 per direct labor-hour was based on a cost formula that estimated $520,000 of total manufacturing overhead for an estimated activity level of 40,000 direct labor-hours. The following transactions were recorded for the year: Raw materials were purchased on account, $584,000. Raw materials use in production, $537,600. All of of the raw materials were used as direct...
I have this code and need this to be written and applied with an array? How do I process this? Also What would I apply this with flowchart? Module main() Call getDailyProfit() Call calculateWeeklyProfit() Call main() Module getDailyProfit() // Declare all variables and establish the array Constant Real SIZE = 7 Declare String days[SIZE] = Sunday, Monday, Tuesday, Thursday. Friday, Saturday Declare Real days Declare Real number Declare Real Index //Prompt the user for profit information for Sunday Display “How...
1. what is the journal entey to record raw materials used in production? (if no entry is required for a transaction/event, select "no journal entey required" in the first account field.) 2. What is the ending balance in Raw Materials? 3. What is the journal entry to record the labor costs incurred during the year? 4. What is the total amount of manufacturing overhead applied to production during the year? 5. What is the total manufacturing cost added to Work...