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ACCT 344 Week 1 Homework......................(ACCT 344 Cost Accounting - DeVry)




1. Question: Able Corporation incurred the following costs??????. Calculate the following.;a Direct materials used;b. Cost of goods manufactured;c. Cost of goods sold;d. Operating income;2. Question: Below is information from Job Card 506 for the Bearing Manufacturing Company?????.Required;a. Prepare the journal entries to record the costs incurred for Job 506 in 2015 for direct materials, direct labor, and factory overhead.;b. Prepare the journal entry to record the completion of Job 506.;c. What is the predetermined factory overhead rate for Bearing Manufacturing?;d. Prepare the journal entries to record the sale of Job 506.


Paper#80279 | Written in 18-Jul-2015

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