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A budgeted indirect-cost rate of $22 per direct-labor hour. The subsequent data are obtained from the accounting records for August 2013: Direct materials $350,000 Direct labor (8,000 hours @ $15/hour) $120,000 Indirect labor $ 20,000 Plant lease $ 85,000 Depreciation on plant and equipment $ 40,000 Marketing expense $ 20,000 Plant utilities $ 10,000
Required:
a. Find what actual amount of manufacturing overhead cost was incurred during August 2013?
b. Find what amount of manufacturing overhead was allocated to all jobs during August 2013?
c. For August 2013, was manufacturing overhead under allocated or over allocated? Describe.
Discuss how Prime's net income could decline between Year 6 and Year 8 while its cash flow from operations increased and discuss how Prime's net income could increase between Year 8 and Year 10 while its cash flow from operations decreased.
Prepare all of Delta's journal entries for the above transactions. Delta uses a periodic inventory system and calculate Delta's net purchases
finding the sample size of 95 level confidence.a consumer group would like to estimate the average amount of pgampe
on 30th june 2001 cole inc. exchanged 3000 shares of stone corp. 30 par value common stock for a patent owned by gore
What is the net present value of purchasing the land and growing the willow after 12 years? If the price for the willow drops to $25 per ton in year 11, should the farmer harvest the willow in year 12? (and calculate that NPV) Assume a 6% discou..
Included in the checking account balance is $50,000 of restricted cash that Bank of the East requires as a compensating balance for the $300,000 note. What amount will Logistics comprise in its year-end balance sheet as cash and cash equivalents?
calculation of lease amount for the given data.payment that wrenn will require from contech? assume a marginal tax rate
Misty's effective tax rate is 40% and there were 1,000 shares of common stock outstanding. What would be Misty's net income for the current year?
What concept is illustrated if the additional easement area is acquired and What is the indicated value of the residential density (expressed on a Price per Far basis) in this market?
CVP Analysis- variation in sales - Calculate the amount of operating incomes (or loss) that you would expect each firm to report in 2009 if sales were to Increase by 20%
Write the journal entry to show the effects of (a) signing the note and the receipt of the cash proceeds on Aug 1, 2009. (b) Recording the interest expense for the month of September. (c) Repaying the note on December 31, 2009.
journalizing the transactions involving stock issues and purchases.garner corporation is authorized to issue 1000000
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