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Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1,500,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?
in an effort to expand the usefulness of its activity based costing system wayne kaegis verde vineyards decides to
amounts owed by that are represented by formal contdition for which the outcomes is not known with certainty and
Bond is issued at face and interest is paid annually, what is the amount of the interest payment at the end of the first period?
getchman marketing inc. a merchandising company reported sales of 592500 and cost of goods sold of 305000 for april.
The accounts payable account has a beginning balance of $12,000 and we purchased $50,000 of inventory on credit during the month. The ending balance was $10,000. How much did we pay our creditors during the month.
Loyola International, Inc. is considering adding a portable CD player to its product line. Management believes that in order to be competitive, the CD player cannot be priced above $79. Compute the target cost of a CD player.
Jones was engaged to examine the financial statements of Gamma Corporation for the year ended June 30. Having completed an examination of the investment securities, which of the following is the best method of verifying the accuracy of recorded di..
Discuss briefly the accounting irregularities found in ENRON and HIH's corporate collapse. Also discuss, the role auditors played and how they could have helped to avoid these collapses.
wayne amp compnay inc. a construction equipment manufacturer leased equipment that it manufactured to indiana
Management uses the allowance method to account for bad debts and believe that ultimately that 5% of the year-end balance in Accounts Receivable will not be collected.
julius company developed the following standard costs for its product for 2012standard cost
at the operating breakeven point equals zero. a. variable operating costs b. sales revenue c. earnings before interest
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