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Logan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 40,000 direct labor-hours would be required for the period%u2019s estimated level of production. The company also estimated $466,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan%u2019s actual manufacturing overhead for the year was $713,400 and its actual total direct labor was 41,000 hours.Compute the company%u2019s predetermined overhead rate for the year.
Phyllis believes that the firm should use straight-line depreciation for a capital project because it results in higher net income during the early years of the project's life.
a company purchased office equipment for 20000 and estimated a salvage value of 4000 at the end of its 5-year useful
selected t-accounts for rolm company are given below for the just completed yearraw materialsmanufacturing
direct materials requisitioned from the storeroom should be charged to the work in process inventory account and the
sachs brands defined benefit pension plan specifies annual retirement benefits equal to 1.5 times service years times
x company has the following estimated costs for the year direct materials64700direct labor25200factory
On January 1, 2011, Denozzo Builders evaluated its long-term construction contracts and decided to change them from the completed contract method of accounting to the percentage-of-completion method. Denozzo Builders will then use the completed contr..
Identify three major accounting issues on which IFRS and US GAAP currently differ. For each, outline briefly the nature of the divergence, and discuss the potential impact if the IFRS position is adopted in the US.
ignoring your answer to part a assume that fixed manufacturing overhead was 100400 and the fixed selling and
Conduct an analysis of recent article and provide their evaluation and outcome expectations in written paper of 1500-2500 words that discusses:
A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are present..
for supply item abc andrews company has been ordering 125 units based on the recommendation of the salesperson who
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