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Prepare the necessary journal entries from the following information for Caudill Company.
a. Purchased materials on account, $56,700.b. Requisitioned materials for production as follows: direct materials - 80 percent of purchases, indirect materials - 15 percent of purchasesc. Direct labor for production is $33,100, indirect labor is $12,500.d. Overhead incurred (not including materials or overhead): $52,900.e. Overhead is applied to production based on direct labor cost at the rate of 220 percent.f. Goods costing $97,600 were completed during the period.g. Goods costing $51,320 were sold on account for $77,600.h. Close the overhead control account to Cost of Goods Sold.
How much will a firm need in cash flow before tax and interest to satisfy debtholders and equityholders if: the tax rate is 35%, there is $13 million in common stock requiring a 10% return, and $6 million in bonds requiring an 6% return?
on 714 the corporation sold 25000 shares of 5 par value common stock for 30 per share. please give the journal entry to
A bond with a five-year term to maturing, a 12 percent coupon (annual payments), and a market yield of 10 percent.
Assume that the company uses variable costing, compute the unit cost for one knife set? Assuming that the company uses absorption costing, compute the unit cost for one knife set.
zeta corporation and its subsidiary reported consolidated net income of 320000 for the year ended december 31 20x8.
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croyden is a calendar year accrual basis corporation. mr. and mrs. croyden cash basis taxpayers are the sole corporate
They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann‘s share of the income be if the income for ..
find a journal article online about absorption andor variable costing. in the subject line of your post include the
Which of the following would an auditor most likely use in determining the auditor's preliminary judgment about materiality?
armstrong company manufactures three models of paper shredders including the waste container which serves as the base.
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