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Bryant Company designs and builds fancy dining room tables for individual customers. On July 1, there were two jobs in process: Job 391 with a beginning balance of 21,700 dollars and Job 392 with a beginning balance of 8,790 dollars. Overhead costs are applied by using a rate of 70% of direct labor costs. Both jobs are unfinished on July 31. Data on July costs for both jobs are as follows:Job 391 Job 392Direct materials 5,100 dollars 9,200 dollars.Direct Labor cost 2,700 dollars 11,00 dollars What is the total of the Work in Process Account at July 31?
Audrey, age 38 and single, earns a salary of $59,000. She has interest income of $1,600 and has a $2,000 long-term capital loss from the sale of a stock investment. Audrey incurs the following employment-related expenses during the year:
MRI Company has one employee. FICA Social Security taxes are 6.2% of the first $106,800 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For MRI, its FUTA taxes are 0.8% and SUTA taxes are 2.9% of the first $7,000 paid to its ..
The financial statements of the Nelson Manufacturing Company reports net sales of $500,000 and accounts receivable of $50,000 and $30,000 at the beginning of the year and end of year, respectively. What is the receivables turnover ratio for Nelson..
hanson co. had 200000 shares of common stock 20000 shares of convertible preferred stock and 1000000 of 10 convertible
Swan a calendar year corporation has a deficit in current E & P of 200,000 and a %580,000 positive balance in accumulated E&P. If Swan determines that a $1 million distribution to its shareholders is appropriate at some point during the year, what..
What client information is needed by auditors in creating lead schedules? Answer Interim statements prepared by the client for the company's 3rd quarter financial results.
maggie sharrer a recent graduate of rollings accounting program evaluated the operating performance of poway companys
buy-rite pharmacy has purchased a small auto for delivering prescriptions. the auto was purchased for 9000 and will
joint-cost allocation with a byproduct. mat place purchases old tires and recycles them to produce rubber floor mats
Prepare a classified balance sheet in good form. common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares.
Margie has two jobs and both employers withheld FICA tax. From her first job, she earned $88,000 and from her second job she earned $23,000. How much can Margie claim on her Form 1040 as excess social security tax paid in 2010?
savallas company is highly automated and uses computers to control manufacturing operations. the company uses a
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