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Problem - Recording standards in accounts - The Assembly Department produced 2,000 units of product during June. Each unit required 1.75 standard direct labor hours. There were 3,800 actual hours used in the Assembly Department during June at an actual rate of $14.60 per hour. The standard direct labor rate is $15 per hour. Assuming direct labor for a month is paid on the fifth day of the following month, journalize the direct labor in the Assembly Department on June 30.
What advantages does the consolidated statement have? What advantages does the unconsolidated statement that accounts for GECS on an equity basis have?
Company XYZ produces three products; p1, p2, and p3. The sales department has projected that we can sell 15,000 of p1 and p2 and 22,500 of p3. The company wants an ending inventory of each equal to 10% of sales. Current inventories are at 1300..
the following cost data pertain to the operations of swestka department stores inc. for the month of
Explain the difference between variable and full costing - explain why income calculated under full absorption costing will be greater than income calculated under variable costing when production exceeds sales.
What if found out that the Research and Development account included current year costs of $190,000 and R& D Equipment with a cost of $100,000
nemani corporation is projecting a cash balance of 41785 in its december 31 2013 balance sheet. nemani schedule of
If the company uses the last-in, first-out inventory costing method, calculate the amount of ending inventory on December 31
All shares within each class of stock were sold at the same price. Journalize the two entries to record the transactions summarized in the trial balance
Potter Company had a beginning inventory of 200 units, Determine ending inventory and cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO
downsizing right-sizing or becoming lean has advantages and disadvantages for organizations. what are some of the
Assuming no differences between accounting and taxable income other than those described above, prepare the appropriate journal entry to record Case's 2009 income taxes.
Find the amount of interest earned by each of the following deposits: $27,630.35 at 4.4% compounded quarterly for 3.7 years.
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