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Question - The predetermined overhead rate for Marigold Corp. is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $14800 variable and $9000 fixed, and 2500 units were produced. The direct labor standard is 2 hours per unit produced. Compute the total overhead variance?
Disclosure usually is not required for: A) contingent gains that are probable and can be reasonably estimated. B) contingent losses that are reasonable possible and cannot be reasonably estimated.
(Journal entries for an Agency Fund) Prepare the following journal entries in the Bid Deposits Fund, an Agency Fund. This fund is used to record all deposits.
In the United States, accounting for pensions has received a great deal of attention. In other countries, pension accounting is given much less attention. In one page, examine the reasons that would explain why pension accounting is given much les..
For each of the categories/financial measures that show a difference between the two years, determine what factors could have caused the differences.
Kauai store's inventory is destroyed by a fire on September 5, 2013. Estimate the cost of the inventory destroyed
What will be the book value of the equipment at the end of the first year, after the adjusting entries have been prepared and posted?
How can employees benefit from alternative work arrangements? How can employers benefit from alternative work arrangements? What are some of the possible negative outcomes for employers and/or employees regarding alternative work arrangements?
Describe an unethical business act that should become illegal. Why should this act become illegal? What would be the penalties for someone who violates
What are the differences between an income statement, cash flow statement and a balance sheet ? What are the benefits of each?
Illustrate the effects of each of the preceding transactions on the accounts and financial statements of (1) Snipes Company and (2) Beejoy Company. Identify each transaction by date.
For Blossom Co., journalize the entry on July 1 and the adjusting entry on December 31
Calculate the difference between current assets and current liabilities for Gary's TV at December 31, 2016
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