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The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct labor 7,500 hours @ $12.00 Actual Costs Direct labor 7,400 hours @ $11.40 The amount of the direct labor rate variance is: Answer A.$4,440 unfavorable B.$4,500 favorable C.$4,440 favorable D.$4,500 unfavorable
Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of allowance for doubtful accounts at December 31,2011?
How much inventory can Baker purchase without violating its debt agreement if their total current assets equal $15 million.
The sensitivity and importance of payroll and payroll information cannot be overstated. The managing and protecting of this information deserves and has the attention of any number of managers within an organization.
Calculating Cost of Debt Shanken Corp. issued a 30-year, 9 percent semiannual bond 4 years ago. The bond currently sells for 112 percent of its face value. The company's tax rate is 35 percent.
An aging of accounts receivable indicated that $192,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
Prepare the journal entry to record the issuance of the bonds. Prepare the adjusting entry to record the accrual of interest on December 31, 2008. Show the balance sheet presentation on December 31, 2008.
How much will the preferred and common stockholders receive under each of the following assumptions:
Where on the balance sheet should a 20 year, 12% bond, due 1/1/2013 for $500,000 be listed. Is it a current liability or a long term liability?
Total 2008 gift of life insurance policy is 72,000. annual exclusions are 24,000 (two donees at 12,00). Current taxable gifts equal 48,000.
How much should the town report as property tax revenue in its General Fund statements for the year 2009?
Discuss and identify how the four basic financial statements are important, and how they are interrelated with each other, and why they are useful to managers, investors, creditors, and employees.It has to be 700-1050 words.
What is the difference between a legislative regulation and an interpretative regulation?
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