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Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $13,100, and direct labor, $4,000. The company also incurred $1,330 of administrative costs and $5,300 of selling costs to complete this job. Job ICU2 required 750 machine hours. Factory overhead was applied to the job at a rate of $25 per machine hour.
If Job ICU2 resulted in 6,700 good shirts, what was the cost of goods sold per shirt? (Round answer to 2 decimal places, e.g. 3.54)
Lexington Corporation's weekly payroll of $24,000 included F.I.C.A. taxes withheld of $1,836, federal taxes withheld of $2,990, state taxes withheld of $920, and insurance premiums withheld of $250.
Based on the following financial information, what should the calculation of the current ratio (current assets/current liabilities) be using US GAAP and IFRS?
Which one of the following is not a tool in financial statement analysis and Return on assets ratio is most closely related
BTW Corporation has taxable income in the current year that can be offset with an NOL from a previous year. Illustrate what is the nature of the book-tax difference created by the net operating loss deduction in the current year?
The following is the unadjusted trial balance for James Trading Pty Ltd as at the close of the financial year ended 30 June 2011. In addition the following entries had not been applied to the general ledger.
To make the money last, you have decided to invest it at 12% and withdraw it in 20 equal amounts over the next 20 years. Your first withdrawal will be one year from today. How much will you be able to withdraw each year?
bad debt expenses debited in the income statement based on the details.bad debts analysis allowance account nbspon
Jim Haught, D.D.S., opened an incorporated dental practice on January 1, 2014. During the first month of operations, the following transactions occurred. Performed services for patients who had dental plan insurance. At January 31, $930 of such servi..
Prepare a correct detailed multiple-step income statement and review the statement and determine the facts
In 1996, crime was seen as the most important social issue, followed by health, education, unemployment, the environment.
The other sheet shows known shrinkages identified during the period. This sheet shows $3,250.00. Neither of these sheets has been journalized. Identify the unknown, and previously unidentified shrinkage value.
corning howell reported taxable income in 2009 of 120 million. at december 31 2009 the reported amount of some assets
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