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The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 2,900 direct labor-hours will be required in September. The variable overhead rate is $5.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,620 per month, which includes depreciation of $16,170. All other fixed manufacturing overhead costs represent current cash flows. The September cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
The S corporation has $400000 of investment income and $400000 of investment expense in 2011. The company makes cash distributions to enable its sole shareholder to pay her taxes. Illustrate what are tax aspects to consider?
Adjusting Entries: Accumulated depreciation-equipment at 1/1/1X was $230,000. At 12/31/1X the balance of the account was $480,000. During 201X, one piece of equipment was sold. The equipment had an original cost of $40,000 and was 3/4 depreciated whe..
Determine the project's net present value (NPV)? What does it imply? Find the IRR of the project? What does it mean?
financial statements. here are the 2008 and 2009 incomplete balance sheets for nobel oli corp.nobel oil corp.balance
Prepare dated journal entries to record the transactions and assume that Econ did not enter into a forward contract. Prepare dated journal entries to record the transactions above.
Evaluate the amount of income from the partnership that Potter should report for his tax year ended 31st December, 2012.
Cambridge Company's president receives a $150,000 base salary and a bonus of 0.5% of sales for the year. How much will the president earn at a sales level of $3,000,000 for the year?
Prepare your retirement plan for Client Expected rate of return on retirement savings
John, the sole owner of a small accounting services company, has the following transactions during the month of January, its first month of operation. He named the company Premier Accounting Services Inc. John prepares financial statements on a mo..
Entire Ceramics division was discontinued at the beginning of the year and was sold in march at a loss of 60,000
McNeil uses the high-low method of estimating costs. McNeil had total costs of $58,000 at its lowest level of activity, when 8,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $76,000. What wou..
in an exchange transaction jesse transferred land worth 50000 to his 80 percent-controlled corporation in exchange for
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