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Nelson Co. manufactures a product that requires 3.5 machine hours per unit. The variable and fixed overhead rates were computed using expected capacity of 144,000 units (produced evenly throughout the year) and expected variable and fixed overhead costs, respectively, of $2,016,000 and $3,528,000. In October, Nelson manufactured 11,900 units using 41,800 machine hours. October variable overhead costs were $165,000; fixed overhead costs were $294,500.
What are the standard variable and fixed overhead rates?
Brass Works, Inc. produces brass lamps and gift products. Engineers at Brass Works have established the following direct labor standards to produce a brass candelabra:
On January 1, 2008, Boston Enterprises issues bonds that have a$3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par.
The company's cost formula for variable overhead is $9.50 per MH. During the month, the actual total variable overhead was $51,300 and the actual level of activity for the period was 5,700 MHs. What was the variable overhead rate variance for the ..
What are the accounting and reporting guidelines for a change in accounting principle related to depreciation methods?
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given the following information compute the current and quick ratioscash 100000accounts receivable 357000inventory
The Mendez Company expects sales in 2010 of 200,000 units of serving trays. Mendez's beginning inventory for 2010 is 15,000 trays; target ending inventory, 25,000 trays. Compute the number of trays budgeted for production in 2010.
suppose a preferred stock pays a quarterly dividend of 2 per share. the next dividend comes in exactly one-fourth of a
a company paid its rent for two years in advance on september 1 debiting prepaid rent for the full amount. if no
Brammer Corp.'s projected capital budget is $1,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $550,000. If the company follows a residual dividend policy, what total dividends, if any, will it pa..
Applied overhead at month-end to the Goods in Process (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.
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