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During 2007, Kent Company applies overhead using a normal costing system at a rate of $12 per direct labor hours. Estimated direct labor hours for the year were 150,000, estimated overhead for the year was $1,800,000. Actual direct labor hours for 2007 were 140,000 and actual overhead was $1,700,000. What is the amount of under or over applied overhead for the year?
the cost of merchandise sold during the year was 58706. merchandise inventories were 12831 and 8381 at the beginning
Compare the use of accrual accounting in federal government financial reporting with the use of accrual accounting in state and local government financial reporting.
a. Determine the mean, the median, and the standard deviation of the math scores in the sample. b. Generate and interpret the box-and-whisker plot for the math scores in the sample.
What is the ending finished-goods inventory cost under absorption costing?
At December 31, 2011, the equipment's fair value increased to $300,000. Prepare the journal entry (if any) to record this increase in fair value.
Dr pays $3700 in weekly salaries on Fridays for a five day week ending on that day. What is the adjustment at the end of the accounting period ends on Wednesday
Presented below are selected transactions on the books of Simonson Corporation. Prepare the journal entries for the transactions
The company established one of its subsidiary company in India to sell the clothes and accessories of the non-resident parent company
On March 1, 2011, a U.S. company made a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., in 20,000 Malaysian ringgits.
EOQ for a retailer. The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth.
what is the purpose of cafr? what are the components of cafr? why is the federal government not subject to gasb 34? how
Describe the various types of enterprise wide accounting systems used in organizations. Discuss the steps involved in the development process
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