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Question - The following data relate to labor cost for production of 12,000 computers:
Actual: variable factory overhead $650,000
Fixed factory overhead 78,000
Standard: 32,000 hours at $21 672,000
If productive capacity of 100% was 50,000 hours and the factory overhead cost budgeted at the level of 32,000 standard hours was $700,080, determine the variable factory overhead controllable variance, fixed factory overhead volume, and total factory overhead cost variance. The fixed factory overhead rate was $1.56 per hour.
Calculate the annual difference between the cash flow and the deductibility for tax purposes of the purchase of $10,000 of office furniture.
What is The crab shack's internal rate of return if the required rate of return is 14%. The company is considering the purchase of a new machine that
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Complete the table indicating whether each item (1) affects operating (O) activities, investing (I) activities, financing (F) activities, or is a noncash (NC) transaction reported in a separate schedule; and (2) represents a cash inflow or cash outfl..
1) Olga is the proprietor of a small business. In 2014, the business's income, before consideration of any cost recovery or § 179 deduction, is $104,000.
This year, Sooner Company reports current E&P of negative $322,000. What is Boomer's tax basis in his Sooner stock after the distribution
Janice is the sole owner of Catbird Company. In the current year, Catbird had
Gaudi uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 7,650.
Find the future value at the end of year 6, FVA6, for both annuities.
Assuming the under- or overapplied overhead for the year is not allocated to inventory accounts, prepare the adjusting entry to assign the amount to cost of goods sold
Stoolco's management has asked you to advise them on the types of marketing activities they can conduct within these countries without creating a taxable nexus. For purposes of this analysis, assume that the United States has entered into an income t..
Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2011, recording any necessary amortization and reflecting all balances accurately as of that date.
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