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Opeth Co. uses job order costing and uses two MOH accounts: MOH control and MOH allocated. For 2016, Opeth decided to use machine hours as its base for allocating MOH and estimated that it would use 50,000 machine hours that year. Before the year began, Opeth set a MOH rate of $25 per machine hour. During 2016 Opeth actually used 52,000 machine hours and actually spent 1,220,000 on MOH costs.
At the end of 2016, before doing any closing entries, what was the balance in Opeth's MOH control account?
new orleans inc. is a multidivisional company. the present roi for new orleans inc. as a whole is 12. new orleans inc.
Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.
Calculate the cost per activity for each activitycost pool. Calculate the product cost per unit for FREDs and MARTHAs using Activity Based Costing.
If the change in sales is the only consequence of this decision, what are its costs and benefits? Is it a good idea?
Managing your loan costs important. What are some examples that you have seen of positive and negative loans? What are the best ways to avoid fees?
What is cost center?
Emily purchased a building to store inventory for her business. The purchase price was $760,000. What is Emily's cost basis in the new building?
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Prepare a projected single-step income statement for the year ending July 31, 2013, based on the proposal. Assume all sales are collected within the discount period.
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For the various flavors of products, would the company be more likely to use job or process costing? Rationalize your response. For the basis of overhead allocation, would the company be more likely to use a machine- or labor-based driver? Rationali..
Calculate the total manufacturing cost and the cost per unit for the month of August.
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