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Towsen Inc. manufactures recreational vehicles. Towsen uses a job order cost system. The time tickets from July jobs are summarized below.
Job 410 $5,430
Job 411 $2,710
Job 412 $2,140
Job 413 $4,000
Factory supervision $1,860
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $26 per direct labor hour. The direct labor rate is $17 per hour which you can use to calculate the hours worked. If required, round final answers to the nearest dollar.
A. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.
B. Journalize the entry to apply factory overhead to production for July.
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Determine the unit cost of labor (per class) for last month? How many classes would be provided if Bo increased the number of classes provided by 100 %?
Utech Company has income before irregular items of $306,700 for the year ended December 31, 2014.
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Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
youve just been hired onto abc company as the corporate controller. abc company is a manufacturing firm that
Materials are entered at the starting of the process. Conversion costs are incurred uniformly during the process. compute the equivalent units of production for (1) materials and (2) conversion costs.
In year 2, ignoring utility costs altogether, how many additional units must be sold just to pay for this added $300,000/yr. expense in added administrative salaried headcount?
Phoenix Management Company owns and provides management services for several shopping centers. After five years with the company, Mike Moyer was recently promoted to the position of manager of X-Town, an 18- store mall on the outskirts of a downtown ..
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