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Blimie Corporation was organized on January 3, 2012. Blimie was authorized to issue 50,000 shares of common stock with par value of $10 per shate. On January 4, Blimie issued 30,000 shares of common stock at $25 per share. On July 15, Blimie issued an additional 10,000 shares at $20 per share. Blimie reported income of $33,000 during 2012. In addition, Blimie declared a dividend of $.50 per share on December 31, 2012.
Prepare a standard cost summary showing the standard unit cost. Calculate the material and labor variances. Prepare entries in general journal form to charge materials and labor to work in process. Indicate whether the variances are favorable or un..
1.it is important to remember that determining full cost is not as objective and exact a calculation as one might
Management's inventory policy is to have ending inventory equal to 1.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at March 31 will be $170,000.
Explain how hedge accounting would avoid the effects on the statement of profit
the management of kunkel company is considering the purchase of a 40000 machine that would reduce operating costs by
If computed based on direct labor hours, the overhead rate for machining costs would be $20 per direct labor hour.
What are the great approaches for cash management? If you are the controller who is in charge of managing cash, what methods would you take and why? 200-250 words please.
george corporation has an estimated monthly sales of 6000 units for 40 per unit. variable costs include manufacturing
State the effect of the error on the income statement of Morena White Water for the year ended December 31, 2008 and State the effect of the error on the December
Diane purchased a factory building on November 15, 1993, for $5,000,000. She sells the factory building on February 2, 2012. What is the cost recovery deduction for the year of the sale?
On the first day of the current fiscal year, $1,500,000 of 10-year, 8% bonds, with interest payable semiannually, were sold for $1,225,000. Present entries to record the following transactions for the current fiscal year:
the twenty-first century closed-end fund has 350 million in securities 8 million in liabilities and 20 million shares
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