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A company's predetermined overhead rate is $19.00 per direct labor hour and its direct labor wage rate is $16.00 per hour. Job A100 direct maerials cost is $280 and Direct Labor $240. 1. What is the total manufacturing cost assigned to Job A100? 2. If Job A100 consists of 70 units, what is the average cost assigned to each unit included in the job?
Issued 5,000 ordinary shares at P45 per share, less cost related to the issuance of the share totalling P7,000.00
The chief audit executive is concerned that a recently disclosed fraud was not uncovered during the last engagement to evaluate cash operations.
Of the several uses of standard costing, one of the most controversial is using these standards for performance evaluation of an individual, team, or unit. Consider the labor efficiency variance and assume it is one of the measures for a company's..
Becker Corporation paid cash dividends totaling 75,000 during its most recent fiscal year. How should this information be reported on Becker's statement of cash flow?
During this past year Pat's collected $42,000 in tailoring fees, and paid $14,000 in expenses. Depreciation expense totaled $2,000. Accounts receivable increased $1,500, supplies increased $4,000, and accrued liabilities increased $2,500. Pat's ac..
5-year Treasury bonds yield 5.5%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on 5-year bonds is 0.4%. What is the real risk-free rate, r*?
Net assets of the acquired company are revalued to their fair value and any excess of consideration transferred over fair value of net assets is allocated to goodwill.
What is the projected ending retained earning balance of march 31, 2012, assuming that 2010 was their worst year of business?
John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?
What are Pace's taxable income and income tax liability, assuming qualified production activities income is $55,000?
Alonzo Co. acquired 60% of Beazley Corp. by paying $240,000 cash. There is no active trading market for Beazley Corp. At the time of the acquisition, the book value of Beazley's net assets was $300,000.
1. List the relationships, ratios and trends that will provide useful information about the overall reasonableness of accounts payable. Consider income statement accounts that affect accounts payable in selecting the analytical procedures.
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