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Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 28,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $560,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $4.00 per direct labor-hour. Harris's actual manufacturing overhead for the year was $729,600 and its actual total direct labor was 28,500 hours.Required:
Compute the company's predetermined overhead rate for the year. (Round your answer to 2 decimal places.)
prepare the journal entry (if any) to record the sale on January 2, 2012 shaw prepares an income statement for the first quarter of 2012, ending on March 31, 2012. How much revenue should Shaw recognize related to its sale to ricard?
the ceo of star coffee is interested in reviewing the may 2014 performance report for cost center 7-11. prepare a brief
The department actually completed 750 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.
suppose you are comparing two firms within an industry. one is large and the other is small. will relative or absolute
Discuss any benefits you can think of for a company to (a) cross-list its equity shares on more than one national exchange, and (b) to source new equity capital from foreign investors as well as domestic investors.
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Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair value. Suppose that Got Em Co. had operating income of $64,300 and net assets with a fair market value of $184,000. Ta..
farr company purchased a new van for floral deliveries on january 1 2012. the van cost 48000 with an estimated life of
Assuming linear relationships, how would the graphs for straight-line and sum-of-the-years'-digits depreciation, respectively, be drawn?
Prepare the stockholders' equity section of the Barnes Communications, Inc., balance sheet at December 31.
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