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A hospital arranges with an HMO to provide hospital care to the HMO members at a specific rate per member, per month. During June, the HMO paid the hospital $ 850,000, in accordance with the agreement. The hospital cost accounting records showed that, if it had billed the HMO in accordance with its established billing rates, it would have billed the HMO $ 975,000. Prepare the appropriate journal entry ( or entries) to record this transaction.
Weaver Company's predetermined overhead rate is $18.00 per direct labor-hourand its direct labor wage rate is $12.00 per hour. Tjhe following information pertains to Job A-200.
maxim produces kitchen tools and operates several divisions as profit centers. north division produces a product that
Required: Prepare a cost of goods manufactured schedule, a proforma income statement and proforma balance sheet.
The government also reported $5 million of net assets that were restricted for payment of debt service. The government's unrestricted net assets would be reported as:
Prepare entries to record the purchase of the land, the cost and installation of machinery, the first five month's depletion assuming the land has a net salvage value of zero after the ore is mined
explain the statement whereas the balance sheet can be thought of as a snapshot of the firms financial position at a
Briggs & Stratton Corporation is the world's largest maker of air-cooled gasoline engines for outdoor power equipment. The company's engines are used by the lawn and garden equipment industry.
which of the following is not a generally accepted accounting principle relating to the valuation of assets?a. the cost
Compute depreciation expense on the machine for the year ending December 31, 2010, and the year ending December 31, 2011, using the following methods. (Round all answers to 0 decimal places, i.e. 10,510.)
you are a senior manager at entergy corporation. all senior managers and the board of directors are scheduled to meet
Renee's Rings manufactures college rings. Two models are produced: The Spirit model with a budgeted price of $660 and a standard variable cost of $360.
which of the following describes the behavior of the fixed cost per unit?decreases with increasing productiondecreases
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