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Job 728 was recently completed. The following data have been recorded on its job cost sheet:
Direct materials
$81,000
Direct labor hours
1,220 labor hours
Direct labor wage rate
$15 per labor-hour
Machine Hours
1,520 machine hours
Number of units completed
4,400 units
The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour.
Compute the unit product cost that would appear on the job cost sheet for this job.
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Each Student is to individually complete and submit a research Paper as part of their Final Grade. The subject of this Paper is to be on a legal subject related to forensic accounting, such as money laundering, terrorist financing, tax fraud, inte..
(a) Journalize the transactions. (b) Indicate the income statement effects of the transacton.
Calculate net sales, cost of goods sold, gross profit and net income.
Assume that on October 1, 2013, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 200,000 kites in three months at a forward exchange rate of $0.76/1 kite. Prepare the..
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