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Bob the Baker's Company has a monthly overhead cost formula of $42,900 + $6 per direct labor hour. The firms expected annual capacity is 78,000 direct labor hours, to be incurred evenly over 12 months. Making one unit of the product requires 1.5 direct labor hours.Prepare journal entries to record the application of overhead to WIP Inventory and the incurrence of $128,550 of actual overhead in June , when 6390 direct labor hours were worked.
a machine originally had an estimated useful life of 7 years but after 4 complete years it was decided that the
Determine the maturity value of the note one year from now amount is deposited in your checking account today.
xyz co had the following payroll transactions for the first pay period in 2012.wages 13000federal income tax withheld
ace chemical company manufatures a liquid used to was boats. ace began 2011 with 10000 units in process with cost of
homestyle soup co. uses a process cost system to record the costs of processing soup which requires the cooking and
one company purchases all of the outstanding shares of another company. the acquiring company incurs the following
lyons company deducts depreciation expense of 150000 for tax purposes in 2010 but the expense is not yet recognized for
vidovich corp. produces and sells renewable energy equipment. to finance its operations vidovich corp. issued 1249000
during september stutzman corporation incurred 90000 of actual manufacturing overhead costs. during the same period the
a corporation received its charter and began business this year. the company is authorized to issue 50000 shares of 100
FTC company has been growing at a rate of 20% per year in recent years. The same growth is expected to last for another 2 years. The current dividend (ie: just paid is 1.60 the required rate of return is 10% and the growth after 2 years is expecte..
john fleming chief administrator for valley view hospital is concerned about the costs for tests in the hospitals lab.
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