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Question: Below are departmental income statements for a guitar manufacturer. The manufacturer is considering dropping its electric guitar department since it has a net loss. The company classifies advertising, rent, and utilities expenses as indirect.
(1) Prepare a departmental contribution report that shows each department's contribution to overhead.
(2) Based on contribution to overhead, should the electric guitar department be eliminated?
palmer corporation issued and has outstanding 20000 shares of 10 par-value common stock and 1000 shares of 60 par-value
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Compute the company's total required production in units of finished product for the entire three month period ending September 30.
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On January 31, it is determined that $2,500 of the services fees have been earned and that there are $800 of supplies on hand.
Actual direct hours were 7,200 and actual overhead spending was $83,000. What was the under applied or over applied overhead for the month of May? Over applied is shown as a negative number
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From the e-activity, prepare a report to management in which you compare and contrast at least three methods to determine the fair value of investments.
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