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The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period: Machine-Hours Manufacturing Overhead Jan. 6,000 $ 310,000 Feb. 3,200 224,000 Mar. 4,900 263,800 Apr. 2,600 190,000 a-1 Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. Manufacturing overhead cost $ per machine hour a-2 Use the high-low method to determine the fixed element of monthly overhead cost. Fixed element of manufacturing overhead $ b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs. (Round your intermediate calculations to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Estimated manufacturing overhead $ c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? (Negative amounts should be indicated by a minus sign. Amount over estimated February $ March $.
discuss how you believe XBRL will impact the financial reporting of public and private U.S. corporations.
Flint Company purchased $4,000 of merchandise on account. Flint sold the merchandise to a customer for $7,000 cash. What is the increase in gross margin and the net change in cash flow from operating activities as a result of these transactions?
microsoft corporation reports its investments available-for-sale at the fair value of the investment securities. the
Should Innova purchase the component from the outside vendor if it can use its facilities to manufacture another product? What information will Innova need to make an accurate decision? Show your calculations.
with the internal rate of return how can a company use the roi methodology as a realistic measurement? please discuss
Vincent Corporation has 100,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 5% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $132 a share on June..
storm occurrence services sos offers services to secure houses and properties when major storms are forecast for an
Prepare a 700-1,050-word summary of this article. Be sure to cite your article, and be prepared to discuss your article in the threaded discussions.
A magazine offers a one-year subscription at a cost of 15 with renewal the following year 16.50. Also offered is a two-year subscription at a cost of 28.
in the current year stephanie formed an equal partnership with jane. stephanie contributed land with an adjusted basis
What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?
sherman construction company has entered into a contract beginning january 1 2013 to build a parking complex for the
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