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( Bubba's Crawfish Processing Company uses a traditional overhead allocation based on direct labor hours. For the current year overhead is estimated at $2,250,000 and direct labor hours are budgeted at 415,000 hours. Actual overhead was $2,200,000 and actual direct labor hours worked were 422,000. (a) Calculate the predetermined overhead rate. (b) Calculate the overhead applied. (c) Determine the amount of overhead that is over/underapplied.
what are the two types of audit tests? what are some examples of each of these two types of tests? how will the auditor
hurst mats manufactures custom replacement floor mats for automobiles. the floor mats are made of spun nylon on highly
Present the necessary year end adjusting entry related to uncollecting accounts for each of the following independant assumptions
a partial trial balance of julie hartsack corporation is as follows on december 312008.dr. cr.supplies on hand
the sports equipment division of jorgensen company is operated as a profit center. sales for the division were budgeted
Carbon Company has two classes of customers designated as C Classand D Class. Determine the profitability of each customer class using the activity information.
during the year royal repaid existing debt of 223785 and raised additional debt capital of 642062. it also repurchased
For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:
for a 100000 face value bond issued april 1 2014 for ritzy diner with 14 stated annual interest rate paying interest
Under the expenses warranty treatment give the entries to reflect the above transactions (accrual method) for 2008 and 2009.
on may 31 the inventory balances of princess designs a manufacturer of high-quality childrens clothing were as follows
Journalize the entries required for Gate City Cycles, assuming Gate City uses the direct write-off method.
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