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ABC Company makes staplers. Each stapler has direct materials of $3.50 and .5 direct labor hours. the Supervisor is paid $800.00 per week. The workers make $12.00 per hour. If 100 staplers are made per day, compute the the fixed cost per stapler per day.
(Learning Objective 2: Apply the average, FIFO, and LIFO methods) Jonah’s Copy Center uses laser printers. Assume Jonah started the year with 100 containers of ink (average cost of $9.50 each, FIFO cost of $8.40 each, LIFO cost of $8.10 each). During..
The General Fund transferred $100,000 to the Motor Pool Internal Service Fund to be used for general operating purposes
Davison Inc. reported a deferred tax liability of $24 million for the year ended December 31, 2012, related to a temporary difference of $60 million. The tax rate was 40%. The temporary difference is expected to reverse in 2014 at which time the defe..
Prepare a statement of cash flows, using the direct method of presenting cash flows from operating activities - statement of cash flows-direct method
Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's sole product. According the production specifications, each completed unit requires five pounds of direct material at a sta..
Collection fees associated with the $150,000 were remitted to Kirby County’s general fund prior to year end. Create the journal entries to record tax collections and remittances for the Kirby County Tax Agency Fund.
Multiple choice questions on partnership and fundamentals of accounts - extraordinary item on the income statement?
imagine you are about to start up a small business. there are a range of decisions you will need to make for legal
presented below are a number of business transactions that occurred during the current year for gonzales inc.
Hansen Construction, Inc., has consistently used the percentage-of-completion method of recognizing income. During 1997 Hansen started work on a $3,000,000 fixed-price construction contract. Explain how much loss should Hansen have recognized in ..
Compute Heart of Texas Telecoms current ratio and debt ratio and how much in current assets does Heart of Texas Telecom have for every dollar of current liabilities that it owes?
Equity increased by $800,000 during the year including net income of $600,000 and other comprehensive loss of ($150,000). The company had no stock transactions during the years (issues or repurchases). How much was comprehensive income for the year?
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