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Question - Just for the Halibut, Inc. designs and manufactures custom made fishing rods. On June 1, it had one job started with a beginning Work in Process balance of $504. During June the job was finished and sold. Direct labor for the job in June was $75 and direct materials used were $60. Direct laborers are paid a wage rate of $15 per hour and manufacturing overhead is applied to production at a rate of $10 per direct labor hour. The company marks up costs 35% to determine the selling price. What was the selling price of the job?
you examine the financial statements of a firm and find that for every unit of product x sold the firm sells 4 units of
The required rate of return on projects of this risk class is 8 percent, What is the firm's breakeven point in units? Draw a breakeven chart for this firm
On June 30, 2009, the balance sheets of the partnership of AAA, BBB and CCC, What is the balance of BBB capital account
Identify the type of merger activity in your industry or one with which you are familiar-horizontal, vertical, or conglomerate-and explain why you made that choice.
Peter purchased a one third interest of Mary for 110,000. Journal entries in respect of Peter admission in the business under the above cases
St. Joseph's Hospital follows FASB standards of accounting and reporting. On January 1, 2011, St. Joseph's received $1,400,000, restricted to the purchase.
Compute the accounts receivable turnover for Year 2 and Year 1. Round interim calculations and final answers to one decimal place
In the ASC's handbook, Accounting for the Effect of Changing Prices, accountants are faced with a choice of systems of accounting when dealing with the effects of inflation.
what are the possible benefits to the company of having a share election scheme? the solvency test must be satisfied by
Use this information to find the number of weighted-average shares of common stock outstanding for the 2017 fiscal year
1.On January 1, 2013, Nath Langstrom Services, Inc., a computer software training firm, leased several computers from ComputerWorld Corporation under a two year operating lease agreement.
company produces two products. the following information is available product x selling price per unit- 46 variable
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