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Suppose you were considering replacing 50 full-time programmers, each receiving the following annually: o $60,000 salary o $5,000 pension fund contributions o $1,000 each in medical, life insurance, and dental plan payments Each programmer would be replaced by 3 part-timers, each working 20 hours per week at $10 per hour, with no benefits. Assuming the firm is in the 35% (federal plus state) tax bracket, and privately held, provide a consultant’s recommendation.
Ayer Test Laboratoriesdoes neat testing (H I) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Ayer aggregates all operating costs of $1,360,000 into a single overhead cost pool. Ayer calculates ..
This is NOT simply an informational paper. It is an ANALYTICAL paper. You are identifying a problem and then recommending solutions to it.
The expected inventory level of 5,000 units on December 31, 2013, is more than management is the desired level for 2014, which is 20% of the next months expected sales.
The delivery trucks of Slavin Transport Company incurred $3,600 of maintenance costs during the busiest month of 2004, in which 12,000 miles were driven collectively. During the slowest month, $2,800 in maintenance costs were incurred, and 8,000 mile..
Acme Company’s production budget for August is 19,100 units and includes the following component unit costs: direct materials, $9.0; direct labor, $11.5; variable overhead, $5.0. Budgeted fixed overhead is $48,000. Calculate the fixed overhead budget..
nbsppreparation of bank reconciliation statement.prepare a bank reconciliation as of august 31 from the following
Based on the following selected financial information for Sheets Clinicworks, calculate net income for 2003. 2002 2003 Dividends paid $400 $700 Accts. payable/accr. 300 500 Long-term debt 2,300 2,000 Common stock 2,200 3,000 Retained earnings 6,150 6..
Costello Corporation manufactures a particular product. The standard cost per unit of product is shown below.
During October, Dorinirl Corporation inurred $60,000 of direct labor costs and $5,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:
Musical Instruments Company manufactures two products (trumpets and trombones). Overhead costs ($175,000) have been divided into three cost pools that use the following activity drivers.
The equipment's utility to the company has declined because they expect it to generate a net cash flow over the remaining years of $200,000 from its operation. If the asset has been impaired, record the journal entry to recognize the loss.
Which of the following statements about journal entries to record variances is true?
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