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The Johnson Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during March of the current year. This table summarizes information provided on each sheet: Number Total Cost Incurred Status of Job 444 $15,050 Finished and delivered 445 $22,400 Finished and delivered 446 $ 7,500 Finished and delivered 447 $ 4,300 Finished and delivered 448 $33,000 Finished and delivered 449 $62,000 Finished and delivered 450 $14,600 Unfinished 451 $22,200 Finished and delivered 252 $ 3,600 Unfinished 453 $1,000 Unfinished (a) What is the cost of goods sold for the month of March?
(b) What is the cost of the goods in process inventory on March 31?
(c) What is the cost of the finished goods inventory on March 31?
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Leo Lion Corporation incurred manufacturing wages of $17,000, 55% of which were direct labor charges and 45% indirect labor charges. In a single journal entry give the journal entry to record the direct and indirect labor incurred.
Determine the predetermined overhead rate under the current method, and determine the unit product cost of each product for the current year.
Consumers may also reduce the quantity of the beverage that they usually buy." Illustrate what is the relationship between the income and demand with respect to normal goods? Answer the same question with respect to inferior goods
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In 2013, Fanestill changed its estimates to a useful life of 5 years with a salvage value of $105,000. Illustrate what is 2013 depreciation expense?
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During 2010, Bike reported net income of $500,000. For 2011, Bike reported net income of $800,000. Dividends of $300,000 were paid in each of these two years. Explain how much income did Harley report from Bike for 2011?
Explain how much will net income change if sales increase by 5,000 units.
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