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Sanchez Co. has three activities in its manufacturing process: Machine setups, maching, and inspections. Estimated annual overhead cost for each activity is $80,00, $162,500, and $28,000, repectiviely. The expected annual use in each department is 1,000 sewtups, 12,500 machine hours, and 875 inspections. Compute the overhead rate for each activity.
Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.
Omicron Co. made a justifiable change in its method of accounting for long-term contracts. The cumulative effect of this change in accounting principle should be reported in comparative financial statements:
digital relay has both preferred and common stock outstanding. the comshypany reported the following information for
what is advertising?how many types of advertising?advertising is the most important?advertising is the most
on september 1 2012 jacob company sold at 104 plus accrued interest 4440 of its 9 10-year 1000 face value
def company will issue 2000000 in 10 10-year bonds when the market rate of interest is 12. interest is paid
enter the following column headings across the top of a sheet of papertransaction cash other assets liabilities paid-in
Use of auditor judgment or of a risk matrix is necessary in revising planned detection risk whenever
requirement 3prepare a quantitative comparison of the traditional and activity-based cost assignments. do not round
Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The co..
biando corporation began operations on may 1 2010 and completed the following transactions during its first month of
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date.
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