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For 2010, Omaha Mechanical has a monthly overhead cost formula of $42,900 + $6 per direct labor hour. Th e firm's 2010 expected annual capacity is 78,000 direct labor hours, to be incurred evenly each month. Making one unit of the company's product requires 1.5 direct labor hours.a. Determine the total overhead to be applied per unit of product in 2010.b. Prepare journal entries to record the application of overhead to Work in Process Inventory and the incurrence of $128,550 of actual overhead in January 2010, when6,390 direct labor hours were worked.c. Given the actual direct labor hours in part (b), how many units would you have expected to be produced in January?
reporting current and noncurrent portions of long- term debt assume that on december 1 2010 your company borrowed
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If Ginger's total assets doubled to $1,260,000 and its owners' equity remained the same during the year, what was the amount of its total liabilities at the end of the year?
Describes several ways to increase the value of an organization. Which of these might be applicable to an organization and why? Please provide a reference.
abc corp produces alphabet flash cards for grammar schools. they forecast that they will need to produce 90000 sets of
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On June 1, 2013, Madison notified bondholders of its intent to call the bonds at face value plus a 1% call premium on July 1, 2013. By June 30 all bondholders had chosen to convert their bonds into shares as of the interest payment date. On June 3..
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fill in journal entries to summarize the following transactions as they affect the accounting equation.then prepare the
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