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A company's predetermined overhead rate is $19.00 per direct labor hour and its direct labor wage rate is $16.00 per hour. Job A100 direct maerials cost is $280 and Direct Labor $240. 1. What is the total manufacturing cost assigned to Job A100? 2. If Job A100 consists of 70 units, what is the average cost assigned to each unit included in the job?
Prepare the required journal entries that MMM Store must make to record these transactions.
Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
ABC Company reported net income of $24,000 on gross sales of $110,000. The company has total assets of $215,000, of which $120,000 is property, plant, and equipment. What is the company's return on investment?
The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. If management decides to buy part 114 from the outside supplier rather than to c..
What is the minimum that partner Morse's creditors would receive if they have filed a claim for $50,000?
Formulate your own opinion on the proper treatment for the $5,000,000 commercial paper based on your reading in the text. Explain how you think the item should be reported and give text pages to support your conclusions.
Finally, Giovanni estimates that he needs to withdraw $55,000 from the business (as dividends) to cover his own personal living expenses this year. Will Giovanni have enough cash to get through the year? What is his budgeted cash balance on Decemb..
Common stockholders are most concerned with the spread between the return generated onnew investments and the investors required rate of return
When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members.
Prepare a statement of cash flows for the year 2012 for Aero.
Let's say that you work in the budgeting office at a university and you have in front of you the expected student enrollment for the upcoming academic year. Discuss a few financial and operational plans that would be dictated by the enrolment bud..
The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:
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