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The direct labor budget of Krispin Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours.1st QTR 2nd QTR 3rd QTR 4th QTRBudgeted direct labor-hours: 5,000 4,800 5,200 5.400
The company's variable manufacturing overhead rate of $1,75 per direct labor-hour and the company's fixed manufacturing overhead of $35,000 per quarter. The only noncash item included in the fixed manufacturing overhead is depreciation, which is $15,000 this quarter.
Construct the company's manufacturing overhead budget for the upcoming fiscal year.
Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Round off to the nearest whole cent.
How much overhead is allocated? What is the over/under absorbed overhead?
Progressive income taxes (the more you earn, the more you pay) are designed in part to reallocate earnings. Does the approach seem fair? Explain your answer.
The shareholders equity section of Rowen Company shows: Common stock $1,500,000; paid-in capital in excess of par value of $1,000,000;
What is the overall completion percentage for the WIP as to direct materials at the end of period?
Prepare the journal entry to record each of the following independent transaction. (Use the number of the transaction in lieu of a date for identification purposes.)
From an employer's point of view, what is preferred a defined contribution plan or a defined benefit plan. What are the cash ramifications as well as reporting requirements?
Examine Target for the years 2004-2006 and compare to Walmart. Comment on the relative liquidity and efficiency these firms. How does Target compare to Walmart? Would you invest in this company?
Identify some additional control procedures that the company might implement to reduce the monthly loss from theft of office supplies by employees.
What is its new target variable cost per skier / snowboarder? Compare this to the current variable cost per skier / snowboarder. Comment on your results.
Suppose the two firms act as perfect competitors and try to out compete each other and do not collude, what would be the optimal industry price and output?
The Florida Investment Fund buys 90 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest.
Assuming sales volume is expected to be the same in the upcoming year as it was in the past year, give three separate options the company could implement in order to achieve their target profit in the upcoming year.
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