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A budgeted indirect-cost rate of $22 per direct-labor hour. The subsequent data are obtained from the accounting records for August 2013: Direct materials $350,000 Direct labor (8,000 hours @ $15/hour) $120,000 Indirect labor $ 20,000 Plant lease $ 85,000 Depreciation on plant and equipment $ 40,000 Marketing expense $ 20,000 Plant utilities $ 10,000
Required:
a. Find what actual amount of manufacturing overhead cost was incurred during August 2013?
b. Find what amount of manufacturing overhead was allocated to all jobs during August 2013?
c. For August 2013, was manufacturing overhead under allocated or over allocated? Describe.
a company acquires a rather large investment in another corporation. What criteria determine whether the investor should apply the equity method of accounting to this investment? Who has a current acquistion example to share?
suppose you could pay a finder fee to a personal shopper 1 mechanic who will find you a plum at a price of 4,500. The maximum you are willing to pay as a finder fee is.
The company's current and total liabilities were $267,000 and $600,000, respectively. Compute the amount of working capital and the current ratio using this information.
Assume that there are 2,000 hours available on the cutting machine and that the demand for each product is 15,000 units. If one more hour of machine time could be obtained, how much would profits increase?
The SOE employs three quarters of the work force (Ns=3/4) (i) What is the efficient allocation of labor in this economy? (ii) What is the TFP level for the economy relative to the level associated with the efficient allocation?
Is the University discharged from its obligation of performancce? Is professor Glass discharged from his obligation of performance? Explain, citing the legal principles involved.
Each company has to plan for a certain amount of spoilage because companies will not always make their product perfectly without any errors or spoilage. Does this mean a company shouldn't even waste time trying to reduce/eliminate it?
Determine and journalize the foreign exchange adjustments for 2005, 2006 and 2007 for the Canadian subsidiary.
questionthe abc co. has 1000 face value stock unsettled with a market price of 937.6. the stock pays interest annually
A foreign corporation can structure its U.S. operations as either a branch or a subsidiary. Illustrate what are the tax advantages of operating in the United States through a separately incorporated subsidiary?
Yogi Bear corporation sold equipment to Magilla Company for $20,000.The equipment is on Yogi's books at a net amount of $14,000.Yogi collected $10,000 in 2007, $5000 in 2008, $5000 in 2009.If Yogi uses the cst recovery method, what amount of gros..
sapling inc. is a 95 percent-owned subsidiary of fir enterprises. fir enterprises sells sapling an industrial wood
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