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Green Corporation manufactures products on a job order basis. The job cost sheet for Job #656 shows the following for March: direct material $5,000, direct labor (100 hours @ $7.25, machine hours incurred 40, predetermined overhead rate per machine hour $26. At the end of March, what total cost appears on the job cost sheet for Job #656?
At an activity level of 2400 units, kloster corporation's total variable cost is $118,008 and its total fixed cost is $9000.
ABC Corp. purchased an asset on January 1, 2008, for $10,400. The asset was expected to have a ten-year life and a $1,000 salvage value. ABC Corp. uses the straight-line method of depreciation. On January 1, 2010, ABC Corp. determines that the ass..
Discuss the precedential value of the foregoing decisions for your client, who is a California resident
One of your clients was to form a new business. He spoke to his lawyer and was advised to check with CPA to determine the business form of organization.
Mr. Rosen is the manager of a division of Jokkmok Industries. He is one of several managers being considered for the position of CEO, as the current CEO is retiring in a year.
MixRecording Studios purchased 7,800 in electronics components from TechCom. MixRecording Studio signed a 60-day, 10% promissory note for 7,800. If the note is dishonored, what is the amount due on the note?
Journalize the transactions. Determine the amount to be reported as an investment in Connorsstock at December 31.
The acquisition of treasury stock by a subsidiary above book value
Parker Company has provided the following data for the most recent year: net operating income, $29,000; fixed expense, $125,000; sales, $220,000; and CM ratio, 70%.What is the company's degree of operating leverage? (Round your answer to 2 dec..
Find out the minimum space requirements for a factory shed, where such lathes are to be installed. The production is done on single shift basis, @ 8 hrs per day for a week of 6 working days and for 50 weeks/year.
The JOhn Company purchased a machine on Nov 1, 2002, for 148,000. At the time of acquistion, the machine was estimated to have a useful life of ten years and an estimated salvage value of $4,000. JOhn has recorded monthly depreciation usiing the s..
An accountant has debited an account for $3,500 and credited a liability account for $2,000. Which of the following would be an incorrect way to complete the recording of this transaction:
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