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Problem 1: Marco Furniture Making Company uses the direct labor hours method for applying manufacturing overhead. The overhead application rate for 2008 is P8.60 per hour, based on anticipated fixed costs of P348,000 and anticipated variable costs of P684,000, with an expected volume of 120,000 labor hours. During the year, the company actually operated for 115,800 hours, incurring fixed overhead of P348,000 and variable overhead of P637,880. What is the under or overapplied manufacturing overhead for the year?
How much direct labor should be debited to Work in Process and Determine the direct labor rate and time variances
It wrote off as uncollectible accounts receivable of $7,300. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
Jude Falls Corp. has three producing departments, A, B, and C, The amount of Payroll Department costs chargeable to Department C is P
zubick corporation produces and supplies 2 types of component parts to industrial equipment manufacturers. these parts
Discuss the ethical dilemma Larry faces: What is the issue? Who are the parties infected? What factors should Larry consider in making his decision?
The Cute Corporation produces small plastic dolls in its Florida. How many defective units were produced? Compute manufacturing cycle efficiency (MCE).
Summarize the method of cost management that will be leveraged with each object and describe how this management effort will assist in the overall management of the business.
Stock at 30 June 2012 was valued at cost $5200 and the net realization value $5300. With selling costs $200. What general journal entry?
greiner company makes and sells high-quality glare filters for microcomputer monitors. john graven controller is liable
Prepare the income tax expense section of the income statement for 2014, beginning with the line "Income before income taxes."
Calculate the operating income for both divisions for the 250,000 units of component X transferred if the company adopted the transfer pricing
If Galaxy's is currently producing 20,000 components (at full capacity), the minimum price/unit if Galaxy accept the special order is
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