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Labor costs of an auto repair mechanic are seldom based on actual hours worked. Instead, the amount paid a mechanic is based on an industry average of time estimated to complete a repair job. The repair shop bills the customer for the industry average amount of time at the repair center's billable cost per hour. This means a customer can pay, for example, $120 for two hours of work on a car when the actual time worked was only one hour. Many experienced mechanics can complete repair jobs faster than the industry average. The average data are compiled by engineering studies and surveys conducted in the auto repair business. Assume that you are asked to complete such a survey for a repair center. The survey calls for objective input, and many questions require detailed cost data and analysis. The mechanics and owners know you have the survey and encourage you to complete it in a way that increases the average billable hours for repair work.
calculate apples weighted average cost of capital. show the components of cost of debt capital and cost of equity
you are a manager in a fictitious company of your choice. your director has asked you to explain to the department
you are the accountant for a division of a company that is constructing a building for its own use. it is january 2011
Northwest paid freight charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. What is ending inventory assuming Northwest uses the gross method to record purchases?
on december 1 showcase interiors purchased a shipment of furniture from colonial house by paying 10500 cash and issuing
Utilities are typically a ‘mixed cost,' containing both a fixed and variable element. Given the following history of electric bills and machine hours, use the "High/Low Method" to determine the variable cost component per machine hour:
questionnbspon january 1 a company issues bonds with a par value of 300000. the bonds mature in 5 years and pay 8
Rick knew that this deal was too good to be true and so he took advantage of the offer before the station owner realized what a giveaway this was. How much should Mr. Z. include in his gross income? Explain your reasoning.
If beginning and ending goods in process inventories are $6,000 and $16,000, respectively, and cost of goods manufactured is $180,000, what is the total manufacturing cost for the period?
what is effect on the Karl's individual income tax with the following conditions?( tax year 2011)
Prepare a report for the firm's CEO indicating which projects should be accepted and why
What should be hathaway's net operating income in April based on a flexible budget?
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