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Crenshaw uses a job order costing system to account for projects. It applies manufacturing overhead to jobs on the basis of direct labor hours and pays its direct labor workers $25 per hour. The following relates to activity for the month of December:
Record the purchase of direct materials in December. Assume all purchases are made on account. (Omit the "$" sign in your response.)
Record the actual cost of manufacturing overhead incurred in December. Assume all overhead costs were paid in cash. (Omit the "$" sign in your response.)
Record the cost of manufacturing overhead applied to jobs in December. (Omit the "$" sign in your response.)
Record revenue and the related cost of jobs sold in December. Assume all sales are made on account. (Omit the "$" sign in your response.)
Record December selling and administrative costs. Assume all selling and administrative costs were paid in cash.(Omit the "$" sign in your response.)
Close the Manufacturing Overhead account directly to Cost of Goods Sold on December 31. (Omit the "$" sign in your response.)
Create a research report that identifies and analyzes a company that has been indicted for fraud. The report also will evaluate the auditor's role in relation to the fraud.
The CEO of your company has requested that you prepare a written presentation to be given at the next board of directors meeting regarding the continuing impact that the information age has on financial accounting.
Determine the financial impact, both positive and negative, of excluding such sales completely or of merely excluding the profit or gain embedded within the income of the sales.
In 2010, Wild Corporation reported a net loss of $70,000. Wild's only net income adjustments were depreciation expense $81,000, and increase in accounts receivable $8,100. Compute Wild's net cash provided (used) by operating activities.
complete the following 5 exercises below in either Excel or a word document (but must be single document).
The beginning inventory (Jan. 1, 2010) was $170,000; in the past Felt's gross profit has averaged 40% of selling price.
1dues to auto club e.g. aaa for taxpayer who uses the automatic mileage method.2nursing refresher course for taxpayer
consider the role of simulation analysis and decision trees in capital budgeting risk analysis. describe the
konerko inc. expects to earn cash flows of 15023 16833 16101 and 16680 over the next four years. if the company uses an
Jhoslen traded in office equipment with an adjusted basis of $20,000 (and value of $40,000) for other (like - kind) office equipment then valued at $35,000. Jhoslen also received $5,000 in cash as part of the deal. What was Jhoslen's recognized..
Transactions occur during the month of July.
a company had the following purchases during the current year march 9 units at 130 april 11 units at 100 july 13 units
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