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Question - Lancaster Company recorded the following transactions for the just-completed month:
a. $46,600 in raw materials was purchased on account.
b. $133,000 in raw materials was requisitioned for use in production. Of this amount, $76,400 was for direct materials and the remainder was for indirect materials.
c. Total labour wages of $221,600 were incurred. Of this amount, $190,200 was for direct labour and the remainder was for indirect labour.
d. Additional manufacturing overhead costs of $201,000 were incurred.
Required - Record the above transactions in journal entries.
Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.3%; federal unemployment, 0.8%
norma who uses the cash method of accounting lives in a state that imposes an income tax. in april 2013 she files her
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Assume that Crane increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income
What is his medical expense deduction
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