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Fantastic Futons goes through two departments in the production process. Each futon requires two direct labor hours in Department A and one hour in Department B. Labor cost is $8 per hour in Department A and $10 per hour in Department B.Assuming the amount budgeted to be produced in January is 30,000 units, what is the budgeted direct labor cost for January?
Prepare the bank reconciliation as of May 31, 2007. Prepare the necessary adjusting entries at May 31, 2007.
venus crates manufactures custom crates for a variety of uses. the following data have been recorded for job 551 which
The managing partner of the firm decides to accept the engagement. A major factor in the decision is that the firm does not have any clients in the construction industry and this will provide valuable experience. He promptly calls the president an..
For the Cook County Company, the average age of accounts receivable is 60 days, the average age of accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 365-day year, what is the length of the firm's cash conversion ..
the fashion shoe company operates a chain of womens shoe shops around the country. the shops carry many styles of shoes
spirit company a merchandiser recently completed its 2010 calendar year. for the year 1 all sales are credit sales 2
Prepare the journal entries to record the November 17, 2011 (ignore cost of goods) and collection on November 26, 2011, assuming that the gross method of accounting for cash discounts is used.
On december 15, 2010 pascal declared a cash dividend of $2.00 per share to stockholders of recordon december31. The dividend is payyable on january 15 2011 pascal has issued 1,000,000 shares of common stock, of which 50,000 shares are held in trea..
in your research you found significant conflicting issues between global reporting standards. these affect every audit
1. a and b are married are both age 50 and have two dependent children c aged 18 and d aged 20 and live in
on july 1 pine region dairy leased equipment from farm america for a period of three years. the lease calls for monthly
the dunder mifflin company has total assets of 247848000 current liabilities of 68208200 and long-term liabilities
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