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Julio Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to be P4,200,000 for the year, and machine usage is estimated at 150,000 hours. In the month of January, P160,000 of overhead costs are incurred and 20,000 machine hours are used. For the remainder of the year, P2,870,000 of overhead costs are incurred and 85,000 machine are hours are worked. The amount of overhead applied to production is:
Refer to No. 9. The over or under applied overhead at December 31 is?
Prepare summary journal entries for April (without disposing of under- or overallocated conversion costs). Assume no direct materials variances.
the city of walford is considering the purchase of new road repair equipment costing 40000 to achieve cash savings of
If marketing requires that at least 20 units of each be developed, what is the optimal development plan and cost
Assume that Polaris snowmobile division is charged with preparing a master budget.
Torid Company processes 17,500 gallons of direct materials, How much will Product Y report in the balance sheet at the production method?
At the beginning of each period for 10 years, Merl Agnes invests $560 semiannually at 6%. What is the cash value of this annuity due at the end of year 10
Calculate the total bid if you base your calculations on the standard cost sheet assuming a cost plus 15% government contract and calculate the total bid if you base your calculations on the September 15, 2005, invoice assuming a cost plus 15% gover..
A commercial building that has a value of $600,000 is insured on Broad, There is a claim for wind damage in the amount of $2,000. How much will the company pay?
In addition, the income statement showed a gain of $12,000 from the sale of investments. Reconcile a net income of $112,000 to net cash flow from operating activities.
Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year.
Compute the budgeted conversion cost per unit. Ethel Company manufactures electric motors for electric fans. The company uses the JIT/Backflush Costing
Martha, owner of Mum's Pie Shop deposited $20,000 of cash to start the business. Create the general journal entries to record transactions
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