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Fixed overhead $72 000, Variable overhead $3 per direct labour hour, Budgeted direct labour hours: 15 000,The actual fixed overhead incurred was $76 000 and the variable overhead amounted to $42 600. The actual direct labour hours for the years were 16 000.a) calculate the total recovered fixed overhead and any under/over recovery.
b) analyse the variance into capacity and expenditure variances for variable overhead, and into efficiency and expenditure variances for variable overhead.
Bob owns a rental property that he bought several years ago for $260,000. He has taken depreciation on the house of $37,000 since buying it. e sells it in 2011 for $290,000. His selling expenses were $12,000 for the year. What was Bob's realized g..
under the sarbanes-oxley act of 2002 sox all publicly traded u.s. corporations are required to maintain an adequate
Assume the conditions from part (a) are met. Prepare the Journal entry on August 15,20X0, for Gringo to record the sale of receivable, assuming the recourse obligation has a fair value of $2,000.
Classify the following costs as product costs (PC) or period expenses (PE).
afton co. purchased 24000 of 4 10-year davis county bonds on july 12 2012 directly from the county at par value. the
jonathon age 50 and in gfood health withdrew 6000 from his pension plan during the current year. the withdrawal was not
How is tax basis calculated and what effect does tax depreciation have on the computation of the gain or loss on the disposition of a capital asset?
Which of the following best describes an opportunity cost?
The department actually completed 5000 hours of production. Determine the budget for the department assuming that it uses flexible budgetting.
If a check correctly written and paid by the bank for $626 is incorrectly recorded on the company's books for $662, the appropriate treatment on the bank reconciliation would be to do which of the following?
The company credits the lockbox fees of customers who pay in advance to the Unearned Lockbox Fees account. Of the amount credited to this account during the year, $5,630 had been earned by August 31.
If the recorded value of a note differs from the face value: a. Explain how the company should account for the difference. b. Explain how the company should present this difference in the financial statements.
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