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Odyssey Inc. has a total of $2,362,500 in production overhead costs. The company's products and related statistics follow. Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours 30,000 37,500 Machine hours 52,500 22,500 Number of setups 430 860 Number of units produced 15,000 7,500 Additional data: The 330,000 pounds of material were purchased for $544,500. One direct labor hour costs $12. a. Assume that Odyssey Inc. uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit. b. Assume that Odyssey Inc. uses machine hours to apply overhead to products. Deter- mine the total cost for each product and the cost per unit. c. Assume that Odyssey Inc. uses the following activity centers, cost drivers, and costs to apply overhead to products: Cost Pool Cost Driver Cost Utilities # of machine hours $ 750,000 Setup # of setups 193,500 Material handling # of pounds of material 1,419,000 Determine the total cost for each product and the cost per unit.
suppose a company simultaneously issues 50 million of convertible bonds with a coupon rate of 10 and 50 million of
(Term Modification without Gain-Creditor's Entries) Using the same information as in E14-22, answer the following questions related to American Bank (creditor).
In 2011, Western Transport Company entered into the treasury stock transactions described below. In 2009, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share.
Compare the primary care cost per member per month of the group of SMI members without a chronic disease to the group with a chronic disease.
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esteban appleby certified public accountant is an assistant to the controller of summerfield consulting co. in his
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for ..
what are some of the challenges facing the accounting profession today and how do you see them affecting you in the
Mimi Bobeck is a senior loan officer with Citybank in Cleveland, Ohio. Bobeck has both corporate and personal lending customers. On average, the profit contribution margin or interest rate spread is 1.5% on corporate loans and 2% on personal loans..
Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $4,600. What will the price per share of the merged firm
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Calculating the gross margin for the current year under audit as a percent of sales and comparing it with previous years is what type of evidence?
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