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Job 827 was recently completed. The following data have been recorded on its job cost sheet:
Direct material...................................61,050Direct Labor hrs................................1,332 labor hrsDirect labor wage rate.....................$ 14 per labor rateMachine hrs ................................. 1,480 machine hrsNumbers of units completed,............. 3,700 unitsThe company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour.Compute the unit product cost that would appear on the job cost sheet for this job?
1. the prepaid insurance account shows a debit of 6624 representing the cost of a 2-year fire insurance policy dated
Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).
Prepare the trial balance as of May 31 listing the accounts in the proper order.
If the cost of an item is $75, the currrent replacement cost is $64, and the selling price is $95, the amoount included in inventory according to the lower of cost or market concept is ??
explain the difference between the amount of net income and amount of net cash flow from operating activities.
during february 2010 its first month of operations the owner of schwenn enterprises invested cash of 25000. schwenn had
On January 1, 2011 Piper Co. issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Calculate the issue price of the bonds.
Globe uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of B2 would be assigned overhead of:
During 2010, 4,000,000 packages of light bulbs are sold, and 140,000 $1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2010 financial statements dated December 31?
good internal controls are essential for effective and efficient operations of an enterprise. the downside is excessive
USAco, a domestic corporation, is a wholly-owned subsidiary of FORco, a foreign corporation. USAco's only assets are cash of $200,000, accounts receivable of $200,000 and its U.S. manufacturing plant worth $500,000. USAco has no liabilities. FORco se..
Calculate Alexandra's maximum depreciation deduction for 2011 for the computer, assuming she doesn't make the election to expense or take bonus depreciation.
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