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Watson Industries uses flexible budgets. At normal capacity of 18,000 units, budgeted manufacturing overhead is $128,000 variable and $360,000 fixed. If Watson had actual overhead costs of $500,000 for 18,000 units produced, what is the difference between actual and budgeted costs?
A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. Calculate the net cash provided or used by operating activities
1.on december 31 daniel mcgrath completed the first year of operations for his new business. the following data are
the following merchandise transactions occurred during december for two different companies rippen and burnen. both
why might companies have an incentive to finance their foreign operations with as much debt as possible?a. interest
Activity based costing is a unique tool used by management to better determine where a firms costs are.
Based on 2008 tax laws, if Salem's taxable income before charitable contributions is $11,500,000 in 2009, calculate the charitable contribution allowance for 2009. Provide a recommendation to Salem management regarding tax implications of this con..
the table below contains data on fincorp inc. the balance sheet items correspond to values at year-end of 2010 and 2011
One hundred shares having a par value of $100 and a market value of $80 are donated back to the corporation. Prepare the journal entry under the cost method.
cristin is an new controller at solequin corp. she was asked to develop the predetermined overhead rate for the
Determine the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements.
Suzy has been the sole shareholder of a calendar year S-Corporation since 1979. The S-Corporation has the following balances.
In which of the following situations is the taxpayer not allowed a deduction for moving expenses?
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