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The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period: Machine-Hours Manufacturing Overhead Jan. 6,000 $ 310,000 Feb. 3,200 224,000 Mar. 4,900 263,800 Apr. 2,600 190,000 a-1 Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. Manufacturing overhead cost $ per machine hour a-2 Use the high-low method to determine the fixed element of monthly overhead cost. Fixed element of manufacturing overhead $ b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round your intermediate calculations to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Estimated manufacturing overhead $ c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Negative amounts should be indicated by a minus sign. Amount over estimated February $ March $.
1) List and explain three advantages to leasing for a lessee. 2) List and explain two disadvantages to leasing for a lessee.
This equipment will last only a total of three years. The salvage value remains unchanged. Compute the revised depreciation for the second year.
at the beginning of the year manufacturing overhead for the year was estimated to be 250860. at the end of the year
While rummaging through your grandfather's attic, you came across a rare civil war document: An official letter by Lincoln to one of his generals. You engaged Sotheby's Auction House and sold the document for $100,000. What is your tax liability?
Compute the net present value and internal rate of return to determine the financial feasibility of this project.
Jag Co. purchased goods with a list price of $150,000, subject to trade discounts of 20% and 10% with no cash discounts allowable. How much should Jag Co. record as the cost of these goods?
Prepare a table that illustrates how Unearned Revenue links Cash with Sales Revenue.
acme co. is considering two options for acquiring a new company car. details on the two options areoption 1. lease the
oniel company began the year with 870000 of raw material inventory 1390000 of work-in-process inventory and 620000 of
The following annual account balances are taken from ArmourSports at December 31. What is the number of days' sales uncollected between years 2007and 2008?
What is the difference between two types of line-item budgeting approaches: incremental budgeting and zero-based budgeting? Which of the two approaches is more widely used by governments? Which do you think is more beneficial in developing realist..
On November 19, 2007, Albatross Corporation purchased 30,000 shares of ABC Corporation stock for $480,000, and 10,000 shares of Milken Corporation stock for $250,000. In Microsoft Excel format, please prepare a journal with Albatross's entries for ..
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