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Freeman Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $150,000 and direct labor-hours would be 10,000. The actual figures for the year were $186,000 for manufacturing overhead and 12,000 direct labor-hours. The cost records for the year will show?
suppose the comparative balance sheets of nike inc. are presented here.nike inc. condensed balance sheet may 31 in
explain which of the two options below results in a lower balance after 6 months on a debt of 2500.bullannual simple
At the market close on February 19, 2010, McDonald's Corporation had a closing stock price of $64.74. In addition, McDonald's Corporation had a dividend per share of $2.05 over the previous year.
1. an operating cyclea. is twelve months or less in lengthb. is the average time required for a company to collect its
a company sells personal computers for 2300 each. the price includes a two-year warranty. during the current year the
On December 15, 2011 Risby Sales Co. sold a track of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sale method of accounting for this transaction.
1. what is a periodic inventory system? what is a perpetual inventory system? why might an organization choose
farmer inc. began business on january 1 2012. its pretax financial income for the first 2 years was as
On January 3, 2011, Willis Company purchased 3,000 of the 10,000 outstanding shares of Demi Corp for $300,000. On October 31, 2011, Demi Corp declared dividends of $40,000 and on December 31, Demi Corp had net income of $800,000. What entry would ..
chudrick inc. makes unfinished bookcases that it sells for 58.58. production costs are 37.81 variable and 9.56 fixed.
Prepare entries for the appropriations - the company bought the machine for $130,000 cash.
A) Determine the cash disbursement for manufacturing overhead for November. B) Detetermine the predetermined overhead rate for November.
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