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Question: Ohio river company uses a pre determined rate for applying overhead to production using normal costing. The rates for Year 1 follow: variable, 200 percent of direct labor dollars; fixed, 300 percent of direct labor dollars. Actual overhead costs incurred follow: variable, $20,000; fixed, $26,000. Actual direct materials costs were $5,000, and actual direct labor costs were $9,000. Ohio River produced one job in Year 1.
a. Calculate actual costs of the job.
b. Calculate normal costs of the job using predetermined overhead rates.
Calculate the margin Romero Company needed to earn in the most recent year in order to achieve a return on investment of 15%
on january 1 2011 club company issued 10 bonds dated january 1 2011 with face amount of 20 million. the bonds matue in
On January 1, 2009, the Sato Company adopted the dollar value LIFO method of inventory costing. The company's ending inventory records appear as follows:
Write a 1000-1500 word (4-6 APA pages) essay that explains your 4 biggest conceptual takeaways from the course material from chapters 2-8 in the textbook that were not the focus of our Discussion Forum posts.
a company purchased equipment for 100000 in 2012. the machine will be used for 10000 hours and will have a redidual
Record the sale by Balus Company of $ 125,000 in accounts receivable
What accounts normally have debit balances? What accounts normally have credit balances?
John Meeks Company is a medium-size manufacturing company with plants in three small mid-Atlantic towns. The company makes plastic parts for automobiles and trucks, primarily door panels, exterior trim, and related items.
Prepare a comparative income statement for fiscal years 2003 and 2004 in vertical form, starting each item as a percent of revenues. Round to one decimal place.
vignor incorporation sent out 30million face amount of 9 bondswhile interest rates in market were 9.30 for similar
Select Apparel purchased 90 new shirts and recorded a total cost of $2,258 determined as follows: Prepare the journal entry to record this purchase
april corporation in its first 3 years of operation paid out the following dividends year 1 0 year 2 27000 year 3
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