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1) Manufacturing using job costing. In may material requisitions were $50834 and raw material purchases were $35634. The end of month balance on raw material inventory was $5277.What was the Beginning raw material inventory balance?
2) Allocated base on machine hours. Data for the recent year follows overhead rate per hour $12.6
Estimated machine hours $20996
Actual machine hours $20541
The amount of manufacturing overhead allocated for the year based on machine hours would have been?
A company has a zero-coupon bond outstanding, with face value 1,000 and a 3 year maturity. The bond is risky with a beta of 0.7. The risk free rate is 2% and the market risk premium is 6%. There are two equally likely scenarios at maturity:
All evidence indicates that this trademark product will generate cash flows for an indefinite period of time. How should this trademark be amortized?
Martin & Associates borrowed $5,000 on April 1, 2010 at 8% interest with both principal and interest due on March 31, 2011 How much should be in the firm's interest payable account at December 31, 2010?
Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2006, 2007, and 2008.
Linda, who has AGI of 120,000 in 2013, contributes stock in Mauve Corporation (a publicly traded corporation) to the Salvation Army, a qualified charitable organization. The stock is worth $65,000, and Linda acquired it as an investment four years ag..
statement of cash flows1. choose the combination that best reflects the appropriate classification of cash received
On January 1, a customer paid X company $40,000 in advance for 4 times cleaning services from January to April. Once in each month. At the time of the cash receipt, the $40,000 was recorded as Deferred Revenue. What will be the result of the adjustin..
How (and why) individual remuneration packages of executives can be structured to motivate managers to maximize equity value?
One of an accounting firm's basic objectives is to provide professional services that conform to professional standards. To determine whether the entitiy has changed any accounting princioles. Ordinarily what source of evidence should least affect au..
Federal Unemployment Compensation Tax. Federal Income Tax. State Unemployment Compensation Tax
Definition of Risk and Security and identification their role in finance.
A review of the balance sheet of a retailer, such as Wal-Mart, will disclose that in current assets the majority investment is in inventory. With manufacturers, such as Ford, the inventory is spread between three different categories.
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