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Sturdy Packaging makes cardboard shipping cartons in a single operation. This period, Sturdy purchased $125,000 in raw materials. Its production department requisitioned $90,000 of those materials for use in producing cartons. Sturdy Packaging incurred $165,000 in factory payroll costs, of which $110,000 was direct labor.
1)Prepare journal entries to record its total factory payroll incurred.
(2)Prepare journal entries to record its direct labor used in production
Carlos Arruza Company exchanged equipment used in its manufacturing operations plus $10,164 in cash for similar equipment used in the operations of Tony LoBianco Company. The following information pertains to the exchange.
dilts corporation sells three different models of mosquito zapper. model a12 sells for 52 and has variable costs of 44.
flights inc. is considering buying some specialized machinerythat would enable the company to obtain a six-year
1. the cash flow on total assets ratio is defined as cash flows from operations divided by average total assets.select
In addition, the partnership purchased all of the assets of Granny Newcombs, Inc. Of the total purchase price for these assets, $60,000 was allocated to the trade name and logo.
Assume that investors have recently become more risk averse, so the market risk premium has increased. Also, assume that the risk-free rate and expected inflation have not changed. Which of the following is most likely to occur?
pink martini corporation is projecting a cash balance of 31000 in its december 31 2007 balance sheet. pink martinis
raider co. recently acquired all of lost arc inc.s net assets in a business acquisition. the cash purchase price was
on july 1 2013 dipco bonds issued 750 10-year 1000 par value bonds paying 6 meanwhile other bonds in the market of
byp6-2 for nearly 20 years custom coatings has provided painting and galvanizing services for manufacturers in its
robertson inc. sells its one product for 150 per unit. the variable cost per unit is 50. the fixed cost per year are
gray has a current capital structure consisting of 400000 of 12 annual interest debt and 50000 shares of common stock.
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