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Problem 1: Thomlin Company forecasts that total overhead for the current year will be $11,966,000 with 179,000 total machine hours. Year to date, the actual overhead is $7,916,000 and the actual machine hours are 87,000 hours. The predetermined overhead rate based on machine hours is. Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.
a. $67 per machine hourb. $44 per machine hourc. $138 per machine hourd. $91 per machine hour
Assume that the initial cost is paid now and revenues are received at the end of each year. If the company requires an 11% return for such an investment, should it undertake the revision?
O add $120 to the bank statement balance in the bank reconciliation and notify the bank. When preparing the bank reconciliation she found that the bank
What are instances when having a PROPERTY, PLANT & EQUIPMENT (PPE) can pose more risks than returns? Explain in detail with an example.
Calculate the 2013 debt-to-assets and times-interest-earned ratios. Calculate the 2013 price/earnings ratio, and market/book ratio.
Net working capital = $816; fixed assets = $5,577; total assets = $8,286; and long-term debt = $4,359. What are the company's total liabilities
There are different types of auditor opinions, one of which they must express in audit report, List and briefly discuss the different types of auditor opinions
Schaefer Organic Farms purchased a new tractor at a cost of $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the teachers useful life, the salvage value of the tractor is expected to be $5000. ..
Using an annual effective interest rate of 1%, calculate the present value at the beginning of the ninth year of all remaining payments.
Operating activity of $348,461,25. Assuming there are no cash revenues recorded on the income statement, what is the firms net income after taxes?
Record depreciation on the building using straight-line depreciation the building was contributed on December 1 for $35,000 and bought some believes
Many companies sell products allowing their customers the right to return merchandise if they are not satisfied. Because the return of merchandise can retroactively negate the benefits of having made a sale, the seller must meet certain criteria befo..
How to record journal entries for the June 17 purchase of inventory and when 55 units from this lot were sold for $45 each. Assume both purchase of inventory
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