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1. Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 26,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $504,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan's actual manufacturing overhead for the year was $638,242 and its actual total direct labor was 26,500 hours.
1. identify some common miscellaneous itemized deductions and identify any limitations that are imposed on the
a customer returned merchandise that had been paid for within a discount period for credit.the entry was recorded with
1. when merchandise that was sold on account is returned which accounts are affected?a.cash accounts receivable cost
The firm estimates it can sell new shares of stock for $32.50 a share. it also estimates it will cost an additional $340,000 for filing and legal fees related to the stock issue. The underwriters have agreed to a 7.5 percent spread.
sales mix problem chapter cost volume analysis.compute the sales dollars needed to achieve a total contribution margin
Loyola International, Inc. is considering adding a portable CD player to its product line. Management believes that in order to be competitive, the CD player cannot be priced above $79. Compute the target cost of a CD player.
roland company uses special strapping equipment in its packaging business. the equipment was purchased in january 2011
Explain the appropriate method for determining the amount of periodic amortization for any capitalized software development costs.
dl variances calista amp lane cpas set the following standard for its inventory audit of triumph co. 350 hours at an
a recent income statement of walmart reports sales of 405046 million and cost of goods sold of 304657 million for the
Rand Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools.
griffith delivery services purchased a delivery truck for 33600. the truck has an estimated useful life oif six years
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