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Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is?
viella company purchased the following securities with cashsecuritytypeclassificationcost including brokers
What would the effect have been on the audit procedures and sample sizes for requirement b?
Barrett's Fashions forecast sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for the four..
Compute the following using the FIFO, LIFO and weighted average method.
Many public universities are quite similar to their private counterparts. Indeed, some large state universities receive less than 25 percent of their resources from the state. How, then, can you account for the substantial differences in their rep..
On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend?
the following information is available for grey goose inc.beginning retained earnings 600000 cash dividends declared
James, Inc., sells inventory to Matthews Company, a related party, at James's standard markup. At the current fiscal year-end, Matthews still holds some portion of this inventory -why are worksheet entries required in two different fiscal periods?
the trial balances of charles company and its subsidiary letho inc. are as follows on december 31
You are a controller in a midsized manufacturing company that has acquired 100% of another company. The acquired company includes two segments and two different pension plans. Both of these reporting issues are new to your CEO, and your CEO wa..
Make an adjusting enrty for the following. This is unadjusted TB. The book keeper incorrectly credited sales for a recipt onaccount for 4000.This error had not been corrected on Dec 31
If the dividends on preferred stock are one year in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock?
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