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ABC Company's overhead amounts to $300,000 per period based on an output of 200 units of A, 300 units of B, and 500 units of C. Direct labor costs of A, B, and C per unit amount to $75, $50, and $40 respectively. Each unit also requires 7, 12, and 20 machine hours per unit of production respectively. Using direct labor as the cost driver, a) total overhead chargeable to job/product A is what amount? b) overhead chargeable per unit of C is what amount? c) assuming that 40% of overhead relates to labor and 60% relates to machine hours, the overhead chargeable per unit of A is what amount?
Harry Dorffman owns and operates Harry's Abstracting Service. Harry's two revenue generating operations (Abstracting Services and Closing Services) are supported by two service departments: Clerical and Custodial. Costs in the service departments ..
In the company's first year of operation, no dividends were paid. During the second year, Ten Sports paid cash dividends of $50,000. This dividend should be distributed as follows:
For capital budgeting and cost of capital purposes, the firm should assume that each dollar of capital is obtained in accordance with its target capital structure, which for many firms means partly as debt, partly as preferred stock, and partly co..
There were no other transactions which affected the companies' land accounts during 2006. What is the consolidated balance for land on the 2006 balance sheet?
Prepare an amortization schedule for the following loan, for the first three months of the loan: $20,000 car loan, payments are $444.89 for 5 years, payable monthly at 12%. What are the total principal and interest payments for the 5 year loan?
Brown earned net operating income of $80,000 and had a long-term capital loss of $3,000. Also, Jay withdrew $40,000 from the corporation. Jay must report $80,000 of Brown Corporation income and may deduct the $3,000 loss on his individual Federal ..
Windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.
If the bonds are converted into common, what is the amount of paid-in capital in excess of par to be recorded on the conversion of the bonds?
The income from an equity investee is reported on one line of the investor company's income statement except when:
By automating the process, the company would save $108,000 per year in cash operating costs. The simple rate of return on the investment is closest to:
Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the 18,000 units completed during the period?
BBAC501-Project Management Accounting: Review the performance of ValleyviewPlaygyms in 2012 and make a recommendation as to whether Johnson's overdraft facility should be cancelled. Prepare a report for Johnson explaining the errors s he made in..
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