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Calculation of overheads for the month.
The following are the account balances for the Dilone Company for the month of November:
November 1
November 30
Molding
Assembly
Manufacturing overhead cost
$1,200,000
$800,000
Machine hours
10,000
4,000
Direct labor hours
12,000
16,000
Raw materials inventory
$400
$500
Work in process
1,900
7,500
Finished goods inventory
15,000
5,000
Materials used
$44,000
Direct labor
25,000
Overhead under applied variance
300
The overhead rate is 25 percent of raw materials used plus 50 percent of direct labor costs.How much overhead was incurred for the month?
a. $23,500 b. $23,800 c. $25,000 d. $12,200
Hollern Combines, Inc. has $10,000 of ending finished goods inventory as of December 31, 2010. If beginning finished goods inventory was $5,000 and cost of goods sold was $20,000, how much would Hollern report for cost of goods manufactured?
Total partnership net assets will logically be revalued to $1,080,000 on the basis of the price paid by Mary Ann. Total capital of the new partnership will be $840,000 considering no revaluation.
Evaluate Charger Company's monthly break-even point and Evaluate the unit sales required to earn a monthly after-tax income.
Why does the GAAP not allow a company to use the percentage of sales and the percentage of receivables methods at the same time?
journal entries for collected the correct balance due.1.2232009 collected the correct balance due from the transaction
On December 20, 2008, an employee filed a legal action against Baylor for $100,000 for wrongful dismissal. Management believes the action to be frivolous and without merit. The likelihood of payment to the employee is remote.
During August, the company incurs 2,370 hours of direct labor at an hourly cost of $13.65 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances
Foyert Corp requires a minimum $30,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $3..
The text argues that individual behavior was not at the core of Enron’s problems. What were the problems with this corporation from an organizational architecture point of view?
The bonds mature in ten years. At the time of issuance, the market interest rate for similar types of bonds was 8%. What is the expected selling price of the bonds?
question 1big sports company has been using the fifo technique for the past three years. this period the company has
Management proposed changing the estimated useful life of the computers to two years. Prepare the journal entry necessary at the end of 2013 to record depreciation on the computers.
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