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Question - Hayes Inc. provided the following information for the current year:
Beginning inventory 300 units
Units produced 950 units
Units sold 994 units
Selling price $350/unit
Direct materials $55/unit
Direct labor $36/unit
Variable manufacturing overhead $35/unit
Fixed manufacturing overhead $49,400/year
Variable selling/administrative costs $28/unit
Fixed selling/administrative costs $35,500/year
Required - What is the unit product cost for the year using absorption costing?
What is the difference between the trial balance and the adjusted trial balance? Define depreciation and explain the purpose of the journal entries
The topic is Internal Auditing
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Hobbes gave his son ABC stock valued at $100,000 that he purchased for $60,000 and his daughter EFG stock valued at $100,000 that he purchased for $250,000. Hobbes paid $30,000 in gift taxes on each of these gifts. What are the son's and daughter'..
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