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A local government was awarded a federal grant in the amount of $600,000 to provide for a summer employment program for young people. The grant was a reimbursement grant and was awarded on April 30, 2009. The local government expended the resources as follows: June, 2009, $220,000; July 2009, $200,000; August, 2009, $180,000. The federal government provided the funds the following months. The local government would recognize revenues for the fiscal year ended June 30, 2009 in which amount?
Evaluate the direct materials price and efficiency variances for the year and evaluate the direct labor price and efficiency variances for the year and determine the efficiency variances and variable overhead spending for the year
Prepare a journal entry for USA Dog Coats to reflect the given accounting events. Prepare a journal entry for the adjusting journal entries required for 31 st December, 20x8.
Computation of Adjusted Cash Balance - which the company had erroneously recorded in the accounting records as $40. The "adjusted cash balance" at June 30 should be?
Assume that the company continues to use direct labor-hours as the bas for applying overhead cost to products - Evaluate the unit product cost of each product
The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data: Illustrate w hat would be the best equation using the high-low method?
Allocate the joint costs to Betalite and Alphalite under the subsequent methods: a. Sales value at splitoff b. Physical measure (pounds) c. Net realizable value
Preparation of Journal entries to record stock dividend and stock split - Prepare the journal entries on the appropriate dates to record the stock dividend and the stock split
Determine Bad debt from uncollected rent
What is the purpose of the Statement of Cost of Goods Manufactured, example of direct labor cost for an airplane manufacturer
Determine the IRR for Blue Snow's snowboard project and determine the NPV for Blue Snow's snowboard project
What type of inventory control system would you suggest to Jim Reed and Type of inventory control system
The company prepared the following per unit cost projections of making the part, assuming that overhead is allocated to the part at the normal predetermined overhead rate of 75% of direct labor cost.
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