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The Alphonse Company allocates fixed overhead costs by machine hours and variable overhead costs by direct labor hours. At the beginning of the year the company expects fixed overhead costs to be $600,000 and variable costs to be $800,000. The expected machine hours are 6,000 and the expected direct labor hours are 80,000. The actual fixed overhead costs are $700,000 and the actual variable overhead costs are $750,000. The actual machine hours during the year are 5,500 and the actual direct labor hours are 90,000.a. How much overhead is allocated?b. What is the over/underabsorbed overhead?
What is meant by the forensic-type fieldwork phase of an audit?
Create a chart of accounts for a small business. If you are currently working in the accounting field, you may use the chart of accounts from your business as the basis of your work. Include your explanation of the structure.
Prepare a letter to Renee explaining the purpose of the cash flow statement and why the banker is interested in this financial statement.
Calculate the proceeds (issue price) of Learned Inc.'s, bonds on January 1, 2010, assuming that the bonds were sold to provide a market rate of return to the investor.
an auditor vouched data for a sample of employees in a payroll register to approved clock card data to provide
Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire.
Its investment banker plans to sell an issue of common stock to the public for $40 per share, less a spread of 5%. How much must Newdex's after-tax income increase to prevent dilution of EPS?
The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?
Yount Company reports the following for the month of June Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.
William's basis in the WAM partnership interest was $100,000 just before he received a proportionate liquidating distribution consisting of investment land (basis of $30,000. fair market value $40,000), and inventory (basis $30,000, fair market va..
which of the following represents the largest number of common shares?a. treasury sharesb. issued sharesc.
over the past 2 decades business schools have added required courses on organizational design to many of their
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