Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Job Order cost accounting entries for a service business,The law firm of Yoo and Sachs accumulates costs associated with individual cases, using a job order cost system. The following transaction occurred during July:July 3. Charged 500 hours of professional (lawyer) time to the Liddy Co. breech of contract suit to prepare for the trial, at a rate of $150 per hour.9. Reimbursed travel costs to employees for depositions related to the Liddy case, $18,500.10. Charged 250 hours of professional time for the Liddy trial at a rate of $225 per hour.15. Received invoice from consultants Mack and Corzine for $55,000 for expert testimony related to the Liddy trial.22. Applied office overhead at a rate of $60 per professional hour charged to the Liddy case.31. Paid secretarial and administrative salaries of $32,000 for the month.31. Used office supplies for the month, $10,000.31. Paid professional salaries of $126,000 for the month.31. Billed Liddy #365,000 for successful defense of the case.
a. Provide the journal entries for each of the above transactions.b. How much office overhead is over- or underapplied?c. Determine the gross profit on the Liddy case, assuming that over-or underapplied office overhead is closed monthly to cost of services.
briar tek has fixed costs of 700000. selling price per unit is 180 and variable cost per unit is 110.a how many units
clark paints the production department has been investigating possible ways to trim total production costs. one
grafton sells a product for 700. unit sales for may were 400 and a 3 growth in unit sales is forecasted for each month.
pension plan assets were 80 million at the beginning of the year and 83 million at the end of the year. the return on
Which type of business organization will meet Desean's needs best and why? Discuss possible issues and/or limitations Desean may encounter as a result of choosing this business organization compared with others.
unrecaptured sec. 1250 gain and 1231. mr. briggs purchased an apartment complex on january 10 2011 for 2 million with
charter corporation which began business in 2016 appropriately uses the installment sales method of accounting for its
castner corporation is considering implementation of a jit inventory system.. the companys industrial engineer
The following are selected transactions of Darby Corporation. Prepare journal entries for the selected transactions above. Prepare adjusting entries at December 31.
Seventy percent of Diamond Beauty Supply shop sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. Prepare a monthly schedule of cash rece..
A machine cost $500,000 on April 1, 2010. Its estimated salvage value is $50,000 and its expected life is eight years. Calculate the depreciation expense (to the nearest dollar) by each of the following methods, showing the figures used.
Prepare Journal Entries for the government based on the production of fund-based financial statements. Than prepare JE entries in anticipation of preparing governement-wide financial statements. Before each JE for fund-based reporting, indicated i..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd