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Question - The following information is available from the accounting records of Anderson Toy Company from the most recent year.
Predetermined Overhead application rate $4.00 per direct labor hour
Over applied manufacturing overhead for the year $7,600
Actual manufacturing overhead cost incurred during the year $200,000 budgeted direct labor wage $12.50
Budgeted direct labor cost for the year $625,000
Required - Determine the actual labor hours worked for the last year. Please show work.
Does a short imply that the price of the item is above or below the equilibrium price? What happens to demand or supply that led to the shortage? Please explain
A company bought a machine for $120,000. The machine has a useful life of 5 years and a salvage value of $20,000. What is depreciation for 2016
What The dollar sales volume necessary to produce operating income of $245,000 is closest to (round your intermediate percentages)
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What are the expected annual savings form a lock-box system that collects 300 checks per day averaging $800 each, and reduces mailing and processing times by 3.0 and 1.5 days respectively, if the annual interest rate is 7 %?
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