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Question - FreeWater Company provided the following information from its accounting records for 2014:
Expected production 50,000 labor hours
Actual production 45,000 labor hours
Budgeted overhead $1,257,500
Actual overhead $1,449,900
How much is the overhead application rate if Freewater Company bases it on direct labor hours?
a. $29.00 per hour
b. $32.22 per hour
c. $27.94 per hour
d. $25.15 per hour
USD1.6780/Pound, euro0.6560/Pound, and USD0.8650/euro. Calculate how a market trader with $1 million can make an intermarket arbitrage profit.
Assuming Goodfellow's is using straight line depreciation, how much depreciation expense should be charged each year
choose an item that you would like to manufacture. you do not actually need to manufacture something but will proceed
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Martin received $120,000 in salary from Red Steel Corporation, where he is a construction engineer. Withholding for Federal income tax was $10,750. Martin and Michele received $800 in qualified dividends on Green, Inc. stock and $400 interest on Mont..
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Calculate the Gross profit as percentage of sales, Net profit as percentage of sales, Current ratio, Acid test ratio, Stock turnover
For 2011, show how the details related to this construction contract would be disclosed on the balance sheet and on the income statement.
During 2013, John was the chief executive officer and a shareholder of Maze, Inc. He owned 60% of the outstanding stock of Maze. In 2010, John and Maze, as co-borrowers, obtained a $100,000 loan from United National Bank. Discuss whether John is ent..
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