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Madtack Company uses a job-order costing system and started the month of March with threejobs in process. The cost of beginning work in process plus the costs added during Marchare shown below: Job #359 Job #360 Job #361beginning work in process ..... $4,800 $6,300 $3,500COSTS ADDED DURING MARCHdirect materials .............. $3,300 $4,100 $6,400direct labor .................. 5,000 3,000 4,000Madtack applies overhead to jobs at a rate of 70% of direct materials used. During March,Madtack completed and sold Job #360. Job #361 was also completed but was not sold by theend of March. Job #359 was not completed by the end of March. Madtack's actual overheadcost for the month of March totaled $8,500.
Calculate Madtack's cost of goods sold after the overhead variance is closed for March. Do not use decimals in your answer.
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An alumnus donates securities to St. Aloysius College, a private college, and stipulates that the principal be held in perpetuity and income from the securities be used for faculty travel. Dividends received from the securities should be recognize..
Prepare all necessary journal entries for Adams for this lease through January 1, 2012.
Warner Company issued $800,00 of 6%, 10-year bonds on one of its interest dates for $690,960 to uield an effective annual rate of 8%. The effective-interest method of amortization is to be used. What amount of discount (to the nearest dollar) shou..
No clear link between strategy and the operating budget. Lack of individual accountability for results. Lack of meaningful performance measures. Inadequate pay for performance.
Which of the following statements is true regarding Fixed and Variable Costs?:
the company had cash and marketable securities worth 1235455 accounts payables worth 4159357 inventory of 7121599
Adam has $1000 par value bond that is currently selling for $1300.It has annual coupon rate at 7% paid semiannually and has nine years remaining until maturity. What is the annual yield to maturity bond?
the reported net incomes for the first 2 years of sandra gustafson products inc. were as follows 2014 147000 2015
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