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Explain how using a predetermined overhead rate can affect profits and losses? That is, why might the predetermined overhead be inaccurate when compared to the actual results of the activities by the predetermined overhead rate? Your answer should begin by explaining how a predetermined overhead rate is calculated and conclude with why there would be variances from the original estimated values in the calculation (do not disucss any variables except those directly related to the predetermined overhead rate calculation).
Explain how professional skepticism is described in international auditing standards. Are there fundamental differences between U.S. and international auditing standards in terms of professional skepticism?
bond p is a premium bond with an 9.7 percent coupon. bond d is a 5.7 percent coupon bond currently selling at a
A partnership began its first year of operations with the following capital balances: Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year. What was Eaton's total share of net loss for th..
The journal entry to record a 8 percent stock dividend to common stockholders when the market price of the stock is $40 per share and there are 100,000 shares of $1 par value stock outstanding is
Short summary of a foreign derivative. Accounting treatment via the cash flow and fair value methods
Astro Co. sold 20,900 units of its only product and incurred a $71,860 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2014’s activities, the production manager notes that variable costs can be reduced 40%..
A journal entry to record depreciation expense on equipment requires
determine the unit costnbsp from the given data.javadi company makes a composting bin that is subject to wide seasonal
Prepare a segmented income statement for Sparky Electrical Services that highlights - profitability/performance of the three divisions and the divisional managers.
Seles Corporation’s charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is indepen..
the bennington company uses the perpetual inventory system and the fifo inventory cost method. the bennington company
Suzuki is fully insured for fire losses but must prepare a report for the insurance company.Compute the gross profit rate for November.
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