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Y Company estimates that machines will be operated for 61,000 hours during the year, and 1,500 direct labor hours will be worked during the year. If overhead is allocated on the basis of direct labor cost, what will the overhead rate be?
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software. 1) Explain to him the rules of debits and c..
What interest rates should be used in determining the amount of interest to be capitalized? How should the amount of interest to be capitalized be determined?
spoiled baby corp spc sells baby buggies. you are the company accountant and have been faced with several decisions
in year 1 joe josephs cpa reviewed lander companys financial statements. however in year 2 the lander company hired
Prepare any necessary adjusting entries relative to depreciation(use straight line) and amortization (use effective interest method) on December 31,2011.
runheavy corporation rhc is a corporation that manages a local rock band. rhc was formed with an investment of 10000
issue price of a bond lunar inc. plans to issue 500000 of 10 bonds that will pay interest semiannually and mature in 5
for each of the situations that follow determine whether a liability should be reported on the balance sheet. if a
Kate Greenway Corporation, having recently issued a $20 million, 15-year bond issue, is committed to make annual sinking fund deposits of $620,000. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the ..
Retained earnings at 1/1/10 was $150,000 and at 12/31/10 it was $200,000. During 2010 cash dividends of $60,000 were paid and a stock dividend of $40,000 was issued.
Tylon's Hardware uses a flexible budget to develop planning information for its warehouse operations. Determine the 20X9 static budget variances. Determine the 20X9 flexible budget variances.
On January 1, 2011, Miller changed to the straight-line method of depreciation. The estimated useful life has not changed. Miller can justify the change. What should be the depreciation expense on this machine for the year ended December 31, 2011?
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