Reference no: EM132523733
Questions -
Q1. Alaska Corporation purchased, on account, 6,600 pounds of raw materials at $7.50 per pound on January 2, 2019. The production manager requisitioned and received 2,350 pounds of raw material into production on January 15. Use this information to prepare the General Journal entries (without explanation) for January 2 and January 15. If no entry is required then write "No Entry Required."
Q2. Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $280,000 and direct labor hours of 25,000. During the month of February 2019, Job 2-1 incurred direct labor of 450 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job 2-1 for the month. If no entry is required then write "No Entry Required."
Q3. ?During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead. Virginia Bay's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $255,000 would be incurred, and 5,000 direct labor hours would be worked. During March, 11,000 hours were actually worked. Use this information to determine the standard overhead rate.
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What the labor price variance is
: What The labor price variance is? Firm K produced 45,000 radios using 9,000 hours of labor in 2003; total labor costs were $54,000
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Environmental health issues
: Discuss the environmental standards related to your chosen agent? How will these standards decrease the hazards in your local community?
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What is the total profit for order based on the current cost
: What is the total profit for this order based on the current cost structure? Show your calculations. what would the target cost be for this product?
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What is the justified trailing po-eo of the firm
: If the cost of equity capital is 12% and ROE is 20.00%, what is the justified trailing Po/Eo of the firm?
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Determine the standard overhead rate
: ?During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead. Determine the standard overhead rate
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Effects-politics and regulatory control of tobacco use
: What is the public health impact of tobacco use and secondhand smoke exposure? How do tobacco control regulations impact individual health care
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How much total capital do they need to ensure
: If they can earn 9% on their invested capital, how much total capital do they need to ensure that they can operate in perpetuity?
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Prepare a statement of changes in equity
: Prepare the following financial statements: an income statement; a statement of changes in equity for the month ended 31 August 2019
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What is the value of the property
: A property has NOI of 1,000,000 and would trade at a cap rate of 5%. You can borrow at a 60% LTV, 5% interest rate and 25-year amortization schedule.
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