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Kingbird, Inc. accounting records show the following for the year ending on December 31, 2022. Purchase Discounts$ 11100 Freight-in16800 Purchases698020 Beginning Inventory60000 Ending Inventory58600 Purchase Returns and Allowances12900 Using the periodic system, the cost of goods purchased is
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If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
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The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
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Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.
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Kingbird, Inc. accounting records show the following for the year ending on December 31, 2022. Purch...
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