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At the beginning of the year, manufacturing overhead for the year was estimated to be $363,200. At the end of the year, actual direct labor-hours for the year were 22,800 hours, the actual manufacturing overhead for the year was $351,000, and manufacturing overhead for the year was overapplied by $13,800. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been?
suzy owns a 25 capital and profits interst in the calendar-year sjdv partnership. her adjusted basis for her
cost of assets subsequent book values and balance sheet presentation the following events took place at petes painting
during 2009 a thompson corporation spent 170000 in research and development costs. as a result a new product called the
eric and denise are partners in ed partnership. eric owns a 60 capital profits and loss interest. denise owns the
(c) Prepare the journal entry on Mann's books to record the settlement of his debt. (d) Prepare the journal entry on Doran's books to record the settlement of the receivable.
gianna tuck is an accountant for post pharmaceuticals. her duties include tracking research and development spending in
bubbas crawfish processing company uses a traditional overhead allocation based on direct labor hours. for the current
She incurs expenses of $18,000 (accounting fees, marketing survey, etc.) in exploring its business potential. Her parents have agreed to loan her the money required to start the business. What amount of these investigation costs can Juliet deduct ..
Overhead cost is applied to units based on direct labor hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity level of 20,000 direct labor hours for the month.
spendlove corporation has provided the following data from its activity-based costing system activity cost pool total
Speedy Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company's cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents pe..
on july 1 year 1 cody co. paid 1198000 for 10 20-year bonds with a face amount of 1 million. interest is paid on
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