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Financial Statement II

Financial Statement II - Financial Statement II Click to...

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Click to edit Master subtitle style 7/7/11 Financial Statement II
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7/7/11 WIP Ending (Last)- >Beginning (Current)
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7/7/11 Finished Good (last)- >current
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7/7/11 Format:CGS Statement
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7/7/11 Format Cost of Goods Sold Statement
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7/7/11 Format: Income Statement
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7/7/11 Applied Factory Overhead Cost
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7/7/11 Predetermined FOH
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7/7/11
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7/7/11
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Classwork 1: Applied FOH AFOH of DL Direct Material Direct Labor Prime Cost AFOH Total Factory Cost 25% 100,000 10,000 50% 150,000 40,000 80% 200,000 80,000 125% 250,000 120,000 160% 300,000 180,000 250% 350,000 250,000 280% 220,000 280,000 320% 350,000 320,000 380% 380,000 480,000 300% 350,000 250,000 325% 400,000 550,000
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Homework 1: Applied FOH AFOH of DL Direct Material Direct Labor Prime Cost AFOH Total Factory Cost 35% 110,000 18,000 60% 150,000 45,000 70% 220,000 90,000 115% 230,000 150,000 150% 320,000 190,000 240% 330,000 260,000 275% 250,000 290,000 325% 380,000 350,000 375% 350,000 490,000 350% 370,000 290,000 305% 420,000 580,000
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7/7/11 FOH Variance
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7/7/11
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7/7/11 Adjustment in Income Statement
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7/7/11 Classwork 2: Prepare Total Manufacturing Cost Information pertaining to Jhute Manufacturing Company, 30 June 2015:
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7/7/11 Classwork 2: Solution
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7/7/11 Classwork 3: Prepare Total Manufacturing Cost Information pertaining to Jhute Manufacturing Company, 30 June 2015: Opening Stock Raw Material 60,000
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