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A predetermined overhead rate is based on direct labor-hours to apply manufacturing overhead to jobs. For a particular month, manufacturing overhead cost was estimated to be $30,000; direct labor-hours were estimated to be based 10,000. Actual overhead was $32,500; actual direct labor-hours were 11,000. By how much was overhead overapplied or underapplied?
If sales double in October, what is the projected operating income?
In a segmented contribution format income statement, what is the best measure of the long-run profitability of a segment?
How much of Kens expenses for the four-day conference and the week exploring Gettysburg can he deduct as unreimbursed travel expenses for business purposes?
Gannon uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund and (2) the September 30 entry to both reimburse the fund and reduce it to $300.
The following information was available for Bowyer Company at December 31, 2010: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $660,000; and sales $900,000. Bowyer's inventory turnover ratio in 2010 was:
the management of kirchner inc. asks your help in determining the comparative effects of the fifo and lifo inventory
alicia wants to have 20000 in her granddaughteru2019s savings account at the end of 20 years. how much must she deposit
the annual interest rate on the mortgage payable 90900 was 9.25. interest expense for one-half month should be computed
Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold?
jastak company uses the weighted-average method in its process costing system. operating data for the painting
LaSalle Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1 and July 1 with the following results.
How would you determine that the car manufacturer has a good record of servicing sales and paying its suppliers? What are the signs you would look out for in the financial statements for the possibility of bad debts? Give reasons for your answers.
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