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Smelly Perfume Company manufactures and distributes several different products. They currently use a plant-wide allocation method for allocating overhead at a rate of $7 per direct labor hour. Cindy is the department manager of Department C which produces Products J and P. Diane is the department manager of Department D which manufactures Product X. The product costs (per case of 24 bottles) and other information are as follows:
J P X Direct materials $100.00 $ 72.00 $48.00 Direct labor 42.00 31.50 12.00 Overhead 28.00 21.00 14.00 $170.00 $124.50 $74.00 Machine hours 4 2 3 Number of cases (per year) 300 500 600 If Smelly changes its allocation basis to machine hours, what is the total product cost per case for Product P? a. $163.50 b. $144.00 c. $138.15 d. $117.15
Which combination is the correct statement regarding disclosure requirements for earnings per share?
A company with working capital of $500,000 and a current ratio of 2.5pays a $85,000 short-term liability. The amount of working capital immediatelyafter payment is:
With a good understanding of the requirements document, an understanding of the necessary decisions, and a sketch of the worksheet, the next step is to ____.
Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee.
cincinnati flow technology cft has purchased 10000 pumps annually from kobec inc. because the price keeps increasing
During 2009, CCP earns an income of $90,000, and Christie withdraws $30,000 in cash from the partnership. In 2010, CCP suffers a loss of $30,000, and Christie withdraws $10,000. What are the tax consequences for Christie of this investment in 2009..
The manufacturing manager of New Technology Company is concerned about the company's newest plant. When the plant began operations three years ago, it had the best of everything. What is the nature of the plant's problems?
Discuss what you consider to be the relevant aspects of describing data. Explain and tell why.
What is the amount of under- or overapplied overhead at December 31? Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.
Calculate the present value for this annuity if interest is compounded semi-annually.
Sam, a single individual with a salary of $40,000, paid the following expenses during the year: Analyze the above expenses and determine which ones are deductible for AGI. Please support your position
The bonds mature on January 1, 2015. Novotna Company uses the effective-interest method to amortize discount or premium. On January 1, 2012, Novotna Company sold the bonds for $370,726 after receiving interest to meet its liquidity needs.
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