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Mitchell's Softball Gloves Company estimated the following at the beginning of the year: Assembly Department Testing Department Total Overhead $570,000 $130,000 $700,000 Direct Labor Hours 142,500 32,500 175,000 Machine Hours 32,000 65,000 97,000 Mitchell uses departmental overhead rates. In the assembly department, direct labor hours are used to apply overhead. Machine hours are used to apply overhead in the testing department. Actual data for August is as follows: Assembly Department Testing Department Total Overhead $42,000 $12,000 $54,000 Direct Labor Hours 13,500 2,430 15,930 Machine Hours 4,020 11,000 15,020 If Mitchell uses a plantwide overhead rate based on direct labor hours, instead of departmental rates, what is the predetermined overhead rate rounded to the nearest cent? Answer $5 per direct labor hour $7.22 per machine hour $4 per direct labor hour $2.57 per direct labor hour .52 per direct labor hour
Finco is a wholly owned Finnish manufacturing subsidiary of Winco, a domestic corporation that manufactures and markets residential window products throughout the world.
Prepare journal entries to record these selected transactions for Eduardo Company
ethical code in cost amp management accountingcima has provided the following as elements of code of conduct to be
Calculate the employer's payroll taxes, using the following rates: state unemployment and journalize the entry to record the accrual of payroll taxes.
Prepare a written assignment or ethical issue analysis involving using IMA standards to determine an employer's responsibility when cost savings come at the expense of employees' jobs.
Prepaid rent at 1/1/10 was $20,000. During 2010 rent payments of $123,000 were made and charged to "rent expense." The 2010 income statement shows as a general expense the item "rent expense" in the amount of $122,000.
one of the many changes in the business environment in current years that has had significant impact on cost management
1. Relevance versus Faithful Representation. The fair value of the build- ing may provide more relevant information to decision makers, but fair value estimates are not as free from error as historical cost information.
Explain how a parent-subsidiary controlled group differs from an affiliated controlled group. Develop examples of each to illustrate the differences.
the total of the individual customer account balances should equal the balance in accounts receivable which is
Review the transactions and financial position of Outfitters Supply Co. in the Excel Template.
wacky bird company a producer of fine quality clocks produced 5000 clocks at a cost of 1150000 in july. in august the
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