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Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow:
The company's manufacturing overhead costs for the year are expected to be $814,335. Using the company's conventional costing system, compute the unit product costs for the two products.
Management is considering an activity-based costing system in which half of the overhead would continue to be allocated on the basis of direct labor-hours and half would be allocated on the basis of engineering design time. This time is expected to be distributed as follows during the upcoming year:
Compute the unit product costs for the two products using the proposed ABC system.
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On April 1, 20X0, your company finances partial payment of the sale of machinery to a customer for a $20,000, 3-year, 8% note receivable.
Woods sold all of the Holmes stock for $17 per share on December 3, 2011, incurring $14,000 in brokerage commissions. Woods Company should report a realized gain on the sale of stock in 2011 of ??
The cahs equivalent price of the machine was $9,500. Smith Corp incurred and paid installation costs of $300. Prepare the journal entries to record tje acquisition of the machine
paymore products places orders for goods equal to 75 of its sales forecast in the next quarter. the sales forecasts for
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