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ABC Co, a full-service advertising company, is putting together a proposal to provide advertising for one of its clients. ABC Co estimates that the job will require the following direct labor:
Manager 50 hours at rate of $50 per hour and
Staff 200 hours at rate of $20 per hour.
ABC is estimating that this job will require $5,000 of direct materials.
ABC applies overhead to jobs at a rate of 125% of total direct labor cost.
What is ABC’s estimated cost of this advertising job? Summarize the cost as direct materials, direct labor and factory overhead. You must break this down between direct materials, direct labor, overhead and total estimated cost of the job to receive credit. You must show your work for credit.
The primary purpose of the auditors' study of internal control for a nonpublic entity is
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Ester transfers land (basis of $200,000 and fair market value of $355,000) to a controlled corporation in return for stock in the corporation. However, shortly before the transfer, Ester mortgages the land and uses the $25,000 proceeds to meet person..
1. Prepare the journal entry to record Fuzzy Monkey's investment on January 1, 2013
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On January 1, 2014, Fishbone Corporation (an equipment manufacturer) sold equipment to Lost Company that cost $150,000. Fishbone received as consideration a non-interest-bearing note requiring payments of $80,000 annually for 3 years.
Find what actual amount of manufacturing overhead cost was incurred during August 2013 and find what amount of manufacturing overhead was allocated to all jobs during August 2013?
The Assembly Department of? Intuitive, Inc., manufacturer of? computers, had? 4,500 units of beginning inventory in? September, and? 3,000 units were transferred to it by the Production Department. The Assembly Department completed? 1,500 units durin..
The Apollo Delivery Service has the following information about its truck fleet miles and operating costs: Year Miles Operating Costs 2011 250,000 $160,000 2012 300,000 $175,000 2013 350,000 $210,000 What is the best estimate of fixed costs for fleet..
How would you record the purchase of merchandise inventory with cash?
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