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What price would have been charged to the customer if the job required $3,3000 in materials and $4,5000 in direct labor cost, and the company priced its jobs at 20% above the job’s cost according to the accounting system?
Prepare needed journal entries for 2014 and 2015. Be sure to indicate whether each entry should be made to an unrestricted or temporarily restricted fund. You need not, thus, record the indirect costs themselves.
What will be the real effect on profit if the order is accepted? Elucidate why managers who focus on reported cost per unit may be inclined to turn down the order.
How much money will be paid to the creditor associated with each debt. Salary during last month owed to Mr. Key Salary during last month owed to Ms. Rankin Unsecured accounts payable Government claims to unpaid taxes Administrative expenses
Provide an analysis of the accounting for each fixed asset item using US GAAP and IFRS. Assume the Company uses straight-line depreciation for all its fixed assets and takes a full year of depreciation in the year of the addition.
Calculation of Labor rate and efficiency variances - Using this information and the applicable information in E6, determine Diekow production's direct labor rate and efficiency variances for the year?
Prepare interest payment entry for Barkley Company on 31st December, 2012 and what entry should Barkley make on 1st January, 2014?
Sinking fund payments for issue of debentures - Which of the two methods should Carter use to meet the current sinking-fund payment due shortly and find the market price of the bonds be?
Prepare an Income Statement of Actual Results using variable costing and Determine the breakeven point in dollars.
What type of center is the Charlotte facility? Would you characterize it as an investment center, profit center, revenue center or cost center? Give specific reasons why you chose your answer.
Prepare the journal entries necessary at December 31, 2008, assuming that the books have been closed and Present a schedule showing the corrected net income after reviewing the above transactions
Prepare the appropriate journal entries for the deposits received and returned during 2011. Find out the liability for refundable deposits to be reported on the December 31, 2011, balance sheet.
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