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Borck's entrerprises has the following production planned for the first quarter of next year:
Jan 50,000
Feb 45,000
March 55,000
Each unit requires 3 hours of direct labor time at $12 per hour. Unit-related overhead is $10 per machine hour and each unit requires 1/2 machine hour. Batch-related overhead is $3,000 per batch with a batch-size of 1,000 units. Facility overhead, including depreciation of $17,000, is $59,000 per month. Prepare the direct labor and manufacturing overhead budget for January.
Prepare a schedule showing the income statement effects for the year ended 31st December, 2012 as a result of the above facts.
Record journal entries for all of the above adjustments and show that the suspense account is cleared and prepare an income statement and a balance sheet
Cicero Oil Company acquired the rights to explore for oil on a 2,000-acre plot of land in the Oklahoma Panhandle. The rights cost $80,000, and the exploration costs associated with the discovery of a major oil deposit amounted to $125,000. The compan..
question on december 31 2012 dow steel corporation had 650000 shares of common stock and 35000 shares of 9
Tano issues bonds with a par value of $180,000 on January 1, 2013. The bonds’ annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is..
Journalizing issuance of stock and treasury stock transactions. Journalize the transactions.
danya company has created a new software application for pcs. its costs during development and research were 250000.
CM Corporation (CMC) was founded in 2000 by Eric Conner and Phil Martin. The company designs, installs, and services security systems for high-tech companies. The founders, who describe themselves as "entrepreneurial geeks," met in a computer lab whe..
Dozier's weighted average cost of capital is WACC=13% Suppose Dozier has $10 million in marketable securities, $100 million in debt and 10millioin shares of stock. What is inintrinsic price per share?
1. juicy energy industries develops and produces biomass an alternative energy source. the company has an outstanding
the value of the random variable for each of the experimental outcomes.to perform a certain type of blood analysis lab
determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. Illustrate what amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2..
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