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Freeman Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $150,000 and direct labor-hours would be 10,000. The actual figures for the year were $186,000 for manufacturing overhead and 12,000 direct labor-hours. The cost records for the year will show?
the ace book company sold 1500 finance textbooks for 185 each to high tuition university in 2008. these books cost ace
1. sophia and jacob are married and file a joint return. the return for 2012 included a form 2106 for each of them. the
At December 31, 2008, none of the executives had exercised their options. What is the impact on Filmore's net income for the year ended December 31, 2008 as a result of this transaction under the fair value method?
What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?
on january 1 2012 lake corporation increased its management salaries. all other costs and revenues were unchanged. how
assume a company produces and sells the following 3 products. if the company is limited to 4000 machine hours mh how
although the quantity and content of audit working papers vary with each particular engagement an auditors permanent
should be on 2012 forms and done in pencil. it should include a schedule that shows the fiduciary income calculation
crumb cookie companys charter allows it to sell 250000shares of 2 par value common stock. to date the firm has sold
inez butler is the sole shareholder of pelican inc. which owns car dealerships. pelican purchases the assets of a
carolina mills purchased 270000 in supplies this year. the supplies account increased by 10000 during the year to an
on 4 2011 watts co. purchased 40000 shares 40 of the common stock of adams corp. paying 800000. there was no goodwill
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