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Question - Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 73,000 direct labor-hours, total fixed manufacturing overhead cost of $109,500, and a variable manufacturing overhead rate of $4.50 per direct labor-hour. Recently Job X387 was completed and required 240 direct labor-hours.
Required: Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.)
(Issuance of Bonds with Detachable Warrants) On September 1, 2010, Jacob Company sold at 104 (plus accrued interest) 3,000 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants.
Prepare the journal entry to account for the impairment loss at 30 June 2017 according to the requirements of AASB 136 Impairment of Assets
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What is the breakeven point is UNITS AND SALES DOLLARS?
Bad Debts-Aging Puckett, Inc. includes the following account among its trade receivables. Age the balance and specify any items that apparently require particular attention at year-end.
Question - At December 31, 2017, the following balances existed: 30% of the bonds are retired at 101 on Jan 1, 2018. What is the gain on redemption
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