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Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. If Bard incurred total overhead costs of $167,800 during the month, compute the amount of under- or overapplied overhead:
The journal entry to record the flow of costs into Department 2 during the period for direct materials is:
Salvage value is estimated at $50,000. Actual activity was 180,000 units in 2004, and 200,000 units in 2006. Compute the annual depreciation expense for 2006.
The return on MBS is independent of the default rate on the underlying mortgages. True or false and why?
1. in a period of rising prices which inventory cost flow method will produce the lowest amount of cost of goods
In this discussion post you are to discuss either the pro or con of full financial disclosure. You must take a position advocating full disclosure and why this is beneficial for the marketplace and the economy or a position arguing that the associ..
in a year that leonard had agi of 100000 he donated 250000 worth of stock to indiana university where he earned his
Research and Developments Costs
illustrate out the term cvp analysis? why is this an important analysis for a company to
on january 15 2013 talbot corporation purchased a parcel of land as a factory site for 425000. an old building on the
potential investments to accelerate profit abc company has the option to purchase additional equipment that will cost
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What is interest expense for 2008, using straight-line amortization?
Barry owns a 30% interest in a partnership that earned $300,000 this year. He also owns 30% of the stock in a C corporation that earned $300,000 during the year.
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