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Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $4,160,000 (260,000 hours at $16/hour) and that factory overhead would be $1,560,000 for the current period. At the end of the period, the records show that there had been 240,000 hours of direct labor and $1,260,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?
jonathan macintosh is a highly successful pennsylvania orchardman who has formed his own company to produce and package
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.
bird plans to sell 5000 units each quarter next year. during the first two quarters each unit will sell for 12 during
An accounting firm, provides consulting and tax planning services. A recent analysis found that 55% of the firm's billable hours to clients resulted from tax planning and for many years, the firm's total administrative cost (currently $270,000) ha..
Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. Include only the first four years. Make sure all columns and rows are properly labeled.
jasmine company produces hand tools. a production budget for the next four months is as follows march 10300 units april
Supposing that a linear functional relationship exists, determine the equation that relates total costs to total sales. Describe why the nature of the relationship may change if sales exceed $5,000.
The partnership agreement does not specify the division of profits and losses. How will net income and net loss be divided?
ever after bakery makes wedding cakes to order. the company has an activity-based costing system with three activity
the balance in beginning work in process at bing rubber company for direct labor was 147200. during the month of march
cypress company is a subsidiary of peppermint corp. the controller of cypress believes that the yearly allowance for
The shareholders equity section of Rowen Company shows: Common stock $1,500,000; paid-in capital in excess of par value of $1,000,000;
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