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The manufacturing overhead budget of Paparella Corporation is based on budgeted direct labor-hours. The November direct labor budget indicates that 6,000 direct labor-hours will be required in that month. The variable overhead rate is $2.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $79,200 per month, which includes depreciation of $21,000. All other fixed manufacturing overhead costs represent current cash flows. Required: A. Determine the cash disbursements for manufacturing overhead for November. B. Determine the predetermined overhead rate for November.
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Suppose the company paid out $34,000 in cash dividends. What is the addition to retained earnings?
The first assignment asks you to classify a set of accounts into one of the A L W I R E categories. Only after you have made that determination can you go on to the second assignment and answer the question as to whether to use a Debit or a Credit to..
Compute the amount of fixed manufacturing overhead that would be included in ending inventory under full absorption costing.
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