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Brown Company purchased equipment in 2008 for $150,000 and estimated a $10,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2014, there was $98,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2015, the equipment was sold for $40,000.
Problem 1: Indicate the accounts that are increased and/or decreased to remove the equipment from the books of Brown Company on March 31, 2015.
Determine the materials usage variance for tuna and whether it is favorable or unfavorable.Determine the total materials price variance
Explain what is meant by horizontal and vertical analyses of the balance sheet and the income statement.
Discuss the steps that you would advise the government to take in order to prevent massive failures of financial institutions in Kenya today.
1.Refer to Polaris financial statements in Appendix A. Compute its profit margin for the years ended December 31, 2011, and December 31, 2010.
How much did the company actually spend on direct labor per hour? Each unit produced should take 1 direct labor hour; actual total usage was 990
$202,000, and direct fixed costs totaling $88,000. The company's operating assets total $230,000, and its required return is 10.40%. How much is residual income
Transaction costs for selling the 1,100 shares of Twitter in December were $59.95. What was the bid/ask spread for Twitter at the time your trade was executed?
Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year?
Compute the relevant cost of Material B? 5,000 kg of material B was purchased last week at $5 per kg. There only 2,000 kg of this material in store at present
JLR Enterprises, Determine the total cost of the Martin Manufacturing project. How much would Martin be billed for services performed?
In accounting for inventory, it made an error at the end of year 2012 that caused its year end 2012 inventory to appear on its statements as $ 230,000 rather than the correct $ 250,000.
Prepare a flexible budget for Pulam based on actual sales. Be sure to show total flexible budgeted costs for direct materials, direct labor, variable overhead
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