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On July 1, 2009, XYZ Company purchased a truck for $80,000. The truck had an estimated life of 7 years,
an estimated salvage value of $5,000, and was expected to be driven for a total of 125,000 miles over
its life. During 2009, the truck was driven 9,400 miles.
a. Assume the company employs the units of production method of depreciation.
b. Calculate the amount of depreciation expense related to the truck shown in the company's 2009 income statement. Do not use decimals in your answer.
Compute (a) the total overhead spending variance, (b) the overhead efficiency variance, and (c) the total overhead flexible-budget variance for 2010.
Purpose the entry to record the exercise of the conversion option, using the book value method.
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Prepare the correcting entry necessary when these errors are discovered. Assume that the books for 2011 are closed. (Ignore income tax considerations.) (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
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Part 1: Complete the table. Part 2: Write a detail document about the various business rules and define how the described scenario works with respect to entities and their relationships.
In response to the same external forces, the return on one investment may increase while the return on another investment may decrease. Investments with lower standard deviations can be expected to produce higher rate or return. Adding stocks with hi..
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