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Question - The following information relates to the Finishing department of Tom company for the fourth quarter: Total actual overhead, P178,500; Budget allowance formula, P110,000 plus P0.50 per direct labor hour; Predetermined factory overhead rate, P1.50 per direct labor hour; Spending variance, P8,000 unfavorable; Efficiency variance, P9,000 unfavorable. The total factory overhead is divided into three variances spending, idle capacity and efficiency. Compute the actual direct labor hours worked in the finishing department during the fourth quarter.
Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended December 31, 2015
What are the guidelines for determining when a material amount of land is involved in a lease?
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Craete journal entries to record the purchase of the assets and to record depreciation expense on 30 June 2018 and 2019, the end of the company
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What are the patterns and characteristics you would look for during the screening of family members of a potential abused or neglected child? How do the characteristics of the abuser differ from the abused?
Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. Determine the income to be recognized
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Calculate the dollar amount reported in the company's general ledger equipment account at the end of its first year ended May 31
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