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In October, Keane Company reports 21,450 actual direct labor hours, and it incurs $114,400 of manufacturing overhead costs. Standard hours allowed for the work done is 20,400 hours. The predetermined overhead rate is $7 per direct labor hour. Compute the total overhead variance.
Provide an overall financial analysis for every company
Preparation of journal for various transactions in corporate accounting - Purpose the journal entries for the following 2008 transactions. Place your answers below the rest of these questions.
Computation of trend analysis for analysis financial statement - Using 2005 as the base year, prepare a trend analysis on the above data and tell whether the results suggest a favorable or unfavorable trend and why.
Net income for the year ended December 31, 2001, was $3,000,000. Assuming an income tax rate of 30%, illustrate what should be diluted earnings per share for the year ended December 31, 2001?
From an accountant’s perspective, separation of duties is self-explanatory. Explain how do small companies that have minimal accounting staff deal with this issue? Explain how might you, as owner of a small business, ensure the integrity of your f..
Net income for the current year was $300,000. If the company paid a dividend of $2 per share on its common stock, illustrate what is the balance in Retained Earnings at the end of the year?
Supplies costing $800 were used to repair a police car, and the Motor Vehicle Repair Fund billed to the General Fund at a markup of 20 percent on cost.
If a business had sales of $4,000,000, fixed costs of $1,300,000, a margin of safety of 25%, and a contribution margin ratio of 40%, what was the break-even point?
The Company is considering an investment that will return a lump sum of $700,000, 10 years from now. Evaluate amount should they pay for this investment in order to earn an 6% return
For investments in TRADING SECURITIES, which of the following market value changes are recognized in earnings and what effect did this have on York's 20X5 financial statements
The standard direct labor wage are is $8.00 and the standard quantity of hours allowed for the actual level of output was 5,000 direct labor hours. Illustrate what is the direct labor efficiency variance?
There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated?
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