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Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 40,000 direct labor-hours would be required for the period%u2019s estimated level of production. The company also estimated $466,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan%u2019s actual manufacturing overhead for the year was $713,400 and its actual total direct labor was 41,000 hours.Compute the company%u2019s predetermined overhead rate for the year.
list at least three common miscellaneous itemized deductions and explain why these expenses can not be deducted
Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows.
1. You have $26,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 11.0 percent. If your goal is to create a portfolio with an expected return of 13.68 percent, ho..
to expand operations aragon consulting issued 1000 shares of previously unissued common stock with a par value of 1.
Review the financials and the notes to the statements. Briefly report to the class what you found interesting.
a corporation was formed on january 1 and was authorized to issue 400000 shares of common stock at 2 par value. during
the computers could be sold "as is" for $8,500. What is the net advantage or disadvantage of reworking the computers?
small company reported 20x7 net income of 40000 and paid dividends of 15000 during the year. mock corporation acquired
Prepare the bank reconciliation for Janus Jutes, Inc. dated May 31, 2009. Janus made a deposit on May 31, but this deposit did not appear on the bank statement, $1,451.
Prepare the stockholders' equity section of the company's balance sheet at the end of the current year.
Innova also incurs 5% sales commission ($0.35) on each disc sold. Mudd Corporation offers Innova $4.75 per disc for 5,000 discs. Mudd would sell the discs under its own brand name in foreign markets not yet served by Innova.
Discuss the environmental factors that are contributing to the explosion of demand for forensic accounting and predict what is likely to happen to demand in the future.
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