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Problem - Escuchar Products, a producer of DVD players, has established a labor standard for its product-direct labor: 2 hrs at $9.65 per hour. During January, Escuchar produced 12,800 DVD players. The actual direct labor used was 25,040 hours at a total cost of $245,392.
Required -
1. Compute the labor rate and efficiency variances.
2. Prepare journal entries for all activities relating to labor.
The company uses the weighted average method of process costing system to produce the Board. Determine the costs per equivalent units of Material
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Calculate the consolidated taxable income and consolidated tax liability of Greenacre Corp and Blueacre for 20x6. Then calculate the basis of Greenacre Corp's.
Seles made two errors: (1) ending inventory for 2012 was overstated by $2,460, Calculate the correct ending inventory and cost of goods sold
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a machine shop that uses job order costing. overhead isapplied to individual jobs ata predetermined rate based on
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The retail selling price for these same goods was $150,000. What is the estimated cost of ending inventory using the retail method
An aging analysis of the accounts receivable produces an estimate of $2000 of probable losses from uncollectible accounts. the adjusting entry needed to record the estimated losses from uncollectible accounts is made for?
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