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Munich Ltd. uses a combined overhead rate of $ 2.90 per machine hour to apply overhead to products. The rate was developed at an expected capacity of 264,000 machine hours; each unit of product requires two machine hours to produce. At 264,000 machine hours, expected fixed overhead for Munich Ltd. is $ 250,800. During November, the company produced 11,960 units and used 24,300 machine hours. Actual variable overhead for the month was $ 47,100 and fixed overhead was $ 20,000. Calculate the overhead spending, efficiency, and volume variances for November.
anita vasquez received 180000 from her mothers estate. she placed the funds into the hands of a broker who purchased
the financial statements for wesley corp. included the following selected financial information from the stockholders
transaction analysis-various accounts prepare an answer sheet with the following column headings. for each of the
what is an example of a significant accounting estimate? what is the importance of these estimates? how do ethics play
at the end of the year 5000 of supplies remained on hand. record the adjustment necessary at december 31 2005. how
William Stevenson sold his warehouse to a public utility for $24,000 under a threat of condemnation. He paid $25000 for the property and spent an addition $1000 for a new roof. He had claimed $3600 depreciation in conjunction with the condemnation..
Banks have receivables that are the result of investing activities rather than sale or trade. We call these signed documents notes receivable.
At the beginning of 2007, Emily Corporation issued 10,000 shares of $100 par, 5%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred shareholders. What amount of dividends will a shareholder owning 100 shares ..
3. Determine the appropriate journal entries to account for the two hedging relationships for the year ended December 31, 2009. Use the details below to aid in entry determination, and assume that both hedging relationships are perfectly effective..
1. for the purpose of government-wide financial statements the cost of cleaning up a government-owned landfill and
In the same year Nectar sold land costing $50,000 to Lorikeet for $30,000. On July 1, 2005, Lorikeet sold the land to an unrelated party for $110,000. What will be the gain reported on the consolidated income statement for 2005?
The following information concerns two different partnerships.
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