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Direct materials $ 13,000 $ 8,000 Direct labor cost $ 21,000 $ 7,500 Actual direct labor-hours worked 1,400 500 Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare the journal entries to record raw materials purchases and the issuance of direct materials for use in production.
weaver companys predetermined overhead rate is 18.00 per direct labor-hour and its direct labor wage rate is 12.00 per
tucker company manufactures dog beds. the follwoing selected data relates to budgeted sales and inventory levels of the
Revson Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows:
Explain the Constructive Receipt Doctrine. What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.
company manufactures a product that sells for 1.75 perunit. management recently finished analyzing the results of the
as of january 1st retained earnings has a credit balance of21800. during the year dividends totaled 1500 and
the simply french restaurant has identified the following activities performed by its staffsettables
a few years ago the acme manufacturing company installed automated robots worth millions of dollars in its furniture
smith construction inc. just paid a 2.78 dividend. the dividend is expected to grow by 4 each year for the next three
shannon inc has been manufacturing its own shades for itstable lamps. the company is currently operating at 100
the kelsh company has two divisions--north and south. the divisions have the following revenues and expenses north
At December 31, 2007 and 2008, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2007, dividends in arrears on the preferred stock were $8,000...
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