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The following information is available for completed job: Direct materials,$60000; direct labor $ 90000,manufacturing overhead applied $ 45000, units produced 5000 units, units sold 4000 units. the cost of the finished goods on hand from this job is:
a. $ 30000
b. $ 195000
c. $ 39000
d. $ 156000
Jose purchased a house for $300,000 in 2008. He used the house as his personal residence. In March 2011, when the fair market value of the house was $250,000, he converted the house to rental property. What is Jose's cost recovery for 2011?
Carleton Service Center just purchased an automobile hoist for $15,000.The hoist has a 5-year life and an estimated salvage value of $1,080. Installation costs were $2,900, and freight charges were $820. Carleton uses straight-line depreciation.
Oates Company's payroll for the week ending January 15 amounted to $50,000 for Office Salaries and $100,000 for Store Wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following..
The Richmond Company uses the weighted-average method in its process costing system. The company has only a single processing department.
Based on the previous information, prepare a schedule to determine the amount of loss that Wells Corporation should recognize for the current year.
$10 million of 9% bonds were issued for $10 million on May 31, 1988. The bonds mature on May 31, 2022, but bondholders have the option of calling (demanding payment on) the bonds on May 31, 2012. However, the option to call is not expected to be e..
Which of the following is a true statement about governmental units that issue tax- supported debt to finance capital projects?
What are the two methods for accounting for purchase discounts?
Calculate the total indirect manufacturing costs for December from the information given above.
If a stockholder receives a dividend that reduces retained earnings by the fair market value of the stock, the stockholder has received a
Based on the information given above, what should be the net cash provided by operating activities in the statement of cash flows for the year ended December 31, 2011?
evaluate the "Off the Balance Sheet Arrangements" reflected in the 10-Qs of Freddie Mae and Freddie Mac. Explain how these red flags were ignored by the SEC and its public accounting firm.
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