Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Feb 2018 My Price 4.00

Cioffi Manufacturing Company

Recording standards in accounts


Cioffi Manufacturing Company incorporates standards in its accounts and identifies vari- ances at the time the manufacturing costs are incurred. Journalize the entries to record the  following transactions:

a.     Purchased 2,450 units of copper tubing on account at $52.00 per unit. The standard price is $48.50 per unit.

b.     Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners. Ten units of copper tubing are required, at standard, to produce one air conditioner.

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Feb 2018 12:02 AM My Price 4.00

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