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Primm Company produces a product that requires four standard gallons per unit. The standard price is $24.50 per gallon. The 2,500 units required 10,600 gallons, which were purchased at $23.75 per gallon. The product requires three standard hours per unit at a standard hourly rate of $20 per hour. 2,500 units required 7,900 hours at an hourly rate of $21.50 per hour. The standard variable overhead cost per unit is $2.50 per hour. The actual variable factory overhead was $19,050. The standard fixed overhead cost per unit is $1.30 per hour at 7,000 hours, which is 100% of normal capacity.
What journal entry would Iron Mountain Ski Corporation make at December 31, 2010, if it uses the straight-line method of depreciation?
Immediately after the sale, the seller paid off the loan to TrustOne Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
newell rubbermaid inc. manufactures and markets a broad array of office products tools and hardware and home products
blackrock company received a 6-month 12 note for 100000 from its president on november1 2010. the note is due on april
lockard company purchased machinery on january 1 2012 for 138560. the machinery is estimated to have a salvage value of
inman manufacturing company makes a product that it sells for 61 per unit. the company incurs variable manufacturing
lakeside tours operates a large number of tours throughout the united states. a study has indicated that some of the
find the ration of net sales to assets - 2012 2011 net sales 4445700 4096050 total assets 9861285 7342255 long term
The following transactions relate to bondinvestments of Livermore Laboratories. Prepare the appropriate journal entries for these long-term bond investments.
zippy inc. manufactures large crates of microwaveable popcorn that are typically sold to distributors. its main factory
Can you provide me with some ideas for a project which entails choosing four companies that are in the same industry and similar in size (total revenues or total assets) from companies included on the Standard and Poor's (S&P 500)?
What are retained earnings? What items increase the balance in retained earnings? What items decrease the balance in retained earnings?
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