Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Linus Inc. has budgeted overhead for August of $260,000 for variable costs and $435,000 for fixed costs. Actual costs for the month totaled $275,000 for variable (all Accounts Payable) and $445,000 for fixed (all Accumulated Depreciation). Allocated fixed overhead totaled $440,000. The company tracks each item in an overhead control account before allocations are made to individual jobs. Spending variances for August were $10,000 unfavorable for variable and $10,000 unfavorable for fixed. The production-volume overhead variance was $5,000 favorable.
Required:
a. Make two journal entries for the actual costs incurred one for variable overhead and one for fixed overhead. b. Make two journal entries to record the variances for August one for variable overhead and one for fixed overhead.
a religious grade school in an inner city area with a large minority population restricts its students to baptized
Assume that in 1996 accounting income is $2,000. There is one new temporary difference: installment sale income of $350 is recognized in 1996 but will not be taxed until 1997 when the cash is collected.
Assume that at the end of 2009, the accumulated temporary tax liability difference related to future years is $80,000. Prepare the journal entry to record any adjustment to deferred tax liabilities at the end of 2009.
the hotel workers demanded equal treatment and therefore were also allowed to eat in restaurant at no charge while they are at work. Which is correct?
Calculate the capital gain-capital loss in relation to each of the above scenarios assuming that no election is made.
Caroline is a 55-year-old Australian resident. She is the chief marketing officer based in Sydney for XYZ Limited (XYZ), a public company listed on the Australian Securities Exchange (ASX).
it has been evaluated by the irs that 200000 of the ceos salary is a constructive dividend. suppose the corporation has
1. show the risks faced by the firm. determine the risk management measures available to the firm. go to a website on
problemsubsequent are typical questions that might appear on an internal control questionnaire for investments in
Prepare the note disclosure necessary to reconcile the beginning balance in the PBO and the ending balance in the PBO.
Emerald Corporation, a calendar year C corporation, was formed and began operations on July 1, 2011. The following expenses were incurred during the first tax year (July 1 through December 31, 2011) of operations.
1.During 2013, its first year of operations, Baginski Steel Corporation reported an operating loss of $375,000 for financial reporting and tax purposes. The enacted tax rate is 40%.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd