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Bentley estimates manufacturing overhead of $1,800,000 for 2013 and will apply overhead to units produced based on 720,000 machine hours. During 2013, Bentley used $1,450,000 of raw materials, paid $2,282,500 of direct labor, generated 715,000 machine hours, and produced 2,000,000 units.Required:
Calculate Bentley's predetermined overhead rate and cost per unit of production for 2013.
Assume that Aaron’s other itemized deductions in 2011 were $6,300 and that he filed as a head of household. Explain how much of the $1,300 reimbursement must he include in gross income in 2012?
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Which of the following is included in the costs transferred out of the second process of a three-step production process? The Molding Department started the month with a beginning Work in Process inventory of $15,000. During the month, it was assigne..
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Payroll taxes become a liability to the employer- when
Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were o..
Write a report to Susan Sharma identifying the reasons why the company has been losing bids to its competitors and develop an alternative costing system to use for bids to overcome this problem.
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Nick Foley $30,000 and Tom Wenger $25,000. During the year, drawings were Foley $15,000 and Wenger $8,000. Net income was $50,000, and the partners share income equally. Give the partners capital statement for the year.
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