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David Greene's Muffler Shop uses a normal costing system. Overhead and labor hours were estimated at $42,000 and 6,000 hours respectively, for 2010. During July 2010, only forty jobs were finished. Materials used on these jobs totaled $3,700 and labor costs were $2,700 (at $20 per hour). During 2010, 5,000 labor hours were worked and $38,000 in overhead costs were incurred. What is the total cost of the jobs finished during July?
coltrane cpa is auditing jang wholesaling companys financial statements and is about to perform substantive audit
Discuss the basic accounting problem that arises in handling each of the situations - Assets purchased by issuance of capital stock.
Gabor Family Enterprises, a closely-held family corporation, would like to offer a stock option plan as an incentive to its employees but it does not want its stock owned by anyone who is not a member of the Gabor family. What type of plan should ..
as sales manager joe batista was given the following static budget report for selling expenses in the clothing
at a volume of 20000 units dries reported sales revenues of 1000000 variable costs of 300000 and fixed costs of 260000.
motor company manufactures 10000 units of part m-l each year for use in its production. the following total costs were
Written, Inc. has outstanding xxx,000 shares of $x par common stock and xx,000 shares of no-par x% preferred stock with a stated value of $x. The preferred stock is cumulative and nonparticipating.
use the accounting standards codification asc database to determine the precise reference that represents the
a company purchased a new truck at a cost of 42000 on july 1 2009. the truck is estimated to have a useful life of 6
Bailey Company sells 25,000 units at $15 per unit. Variable costs are $8 per unit, and fixed costs are $35,000. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:
An option-pricing model estimates the fair value for the options to be $5 on the date of grant. What amount should M recognize as compensation expense for 2009?
given the following scenario on what date would you recognize revenue if preparing financials under u.s. gaap? would
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