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The assembly department produced 2000 units of product during June. Each unit required 1.75 standard direct labor hours. There were 3800 actual hours used in the assembly department during June at an actual rate of $14.60 per hour. The standard direct labor hour rate is $15 per hour. Assuming direct labor for a month is paid on the fifth day of the following month, journalize the direct labor in the assembly department on June 30.
contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash
shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term
taurus tools has developed a new kitchenutensil. the firm has conducted significant market research and estimated the
Calculate annual returns for each of the last five (5) years for a company of your choice listed on the Australian Stock Exchange and compare these returns to the Australian market during the same period.
Permanent current assets are not a factor in a manager's decision making process when all current assets will be:
On August 1, Stuart Co. issued $1,300,000 of 20-year, 9% bonds, dated August 1, for $1,225,000. Interest is payable semiannually on February 1 and August 1. Present the entries to record the following transactions for the current year:
Young Co. acquired a 60% interest in Tomlin Corp. on December 31, 2006 for $945,000. During 2007, Tomlin had net income of $600,000 and paid cash dividends of $150,000. At December 31, 2007, the balance in the investment account should be
a company that manufactures ultrasonic wind sensors invested 1.5 million 2 years ago to acquire part ownership in an
Twyla Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.
matuseski corporation is preparing its cash budget for october. the budgeted beginning cash balance is 17000. budgeted
foulds company makes 13000 units per year of a part it uses in the products it manufactures. the unit product cost of
corrected trial balance nbspthe trial balance of geronimo company does not balance. your review of the ledger reveals
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