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A company ran a regression analysis using direct labor hours as the independent variable and manufacturing overhead costs as the dependent variable. The results are summarized below: Intercept $14,600 Slope $12.55 Correlation coefficient .931 r-squared .867 The company is planning on operating at a level that would require 12,000 direct labor hours per month in the upcoming year. Required: (a) Use the information from the regression analysis to write the cost estimation equation for the manufacturing overhead costs. (b) Compute the estimated manufacturing overhead costs per month for the upcoming year.
A company has cash, $85,000; temporary investments, $30,000; net receivables, $60,000; and inventory, $350,000. Current liabilities are $300,000.
As part of a major renovation at the beginning of the year, Hauser Pharmaceuticals, Inc., sold shelving units (store fixtures) that were 10 years old for $1,000 cash.
ott purchased 11 shares of happy new year amp co. stock on january 3 20x1 at 20 a share to celebrate the new year and
Inventory transactions.
Prepare the general journal entries necessary to record these transactions.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
the general ledger account for accounts receivable shows a debit balance of 40000. the allowance for uncollectible
rand medical manufactures lithotripters. lithotripsy uses shock waves instead of surgery to eliminate kidney stones.
On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On June 30, 2013, how much are the total interest p..
Assume an activity-based costing system is used and that the number of setups and the number of components are identified as the activity-cost drivers for overhead.
The salvage for the existing assets after three years of service is anticipated to be zero. The used machines have no salvage value today in the market place due to their current condition. The desired minimum acceptable rate of return on invested ca..
1. journalize the entries to record the following selected bond investment transactions for southwest bank 1. purchased
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