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Level 1 : Production volume 8100 units, direct materials $494,000, direct labor $110,000, manufacturing overhead $1,000,000. Level 2 : Prouction volume 9000 units, direct materials $550,000, direct
At an activity level of 8500 machine hrs. a month. Doe corp's total variable production engineering cost is $700,000 and its total fixed production engineering cost is $150,000. What would be the to
Compute the number and total cost of the units available for sale in year 2011.
Borrow the $18,000 from the bank at 6% interest, compounded quarterly for 5 years. Increase the mortgage amount to include the $18,000, bringing the total amount financed to $187,100 Compute the total
Calculate depreciation expense for 2012 and 2013 by each of the following methods, showing the figures used. (a) Double-declining balance (b) Sum-of-the-years'-digits
Describe the apparent differences in the order of presentation of the components of liabilities and shareholders' equity between IFRS as applied by British Airways and a typical balance sheet prepar
Fanell Corporation purchased a depreciable asset for $630,000 on January 1, 2010. The estimated salvage value is $63,000, and the estimated total useful life is 9 years. The straight-line method is
Ashley sells real property for $280,000. The buyer pays $4,000 in property taxes that had accrued during the year while the property was still legally owned by Ashley. In addition, Ashley pays $14,0
At the beginning of the year Lambert Motors issued a 1 year, $116,000 note. The stated interest rate on the note is 8%. By issuing the note Lambert acquired some office equipment with a fair value o
What is the effect on the General Funds' unreserved fund balance when capital assets are purchased during a year from General Fund revenues?
Why would Waterways choose machine hours as the cost driver for the overhead rather than direct labor cost? What would Waterways be likely to choose as the cost driver for the overhead for the job o
Pretax accounting income is $200,000 in 2010, $300,000 in 2011, and $250,000 in 2012. Pretax accounting income includes interest revenue from municipal bonds (not taxable). This interest revenue is
Actual manufacturing overhead for the year amounted to $ 86,500 and actual direct labor hours were 2600. The predetermined overhead rate for the year was?
During March, Doe corp. incurred $65,000 of direct labor costs and $9,000 of indirect labor costs. The journal entry to record accrual of these wages would include either a debit or credit to work i
Doe Corp. used $195,000 of direct materials during April. At the end of April, Does direct materials inventory was $27,000 more than it was at the beginning of the month. Direct materials purchases
Next, work the problem again using the following variables: project yield annual net cash inflows are $10,500 for the next five years; interest rate of 16.5%, and the initial investment of $33,000.
Prepare comparative income statements for the three inventory costing methods of FIFO, LIFO, and weighted average which includes detailed cost of goods sold section as part of each statement. The co
1. Determine the total compensation cost pertaining to the stock option plan. 2. Prepare the appropriate journal entries to record compensation expense and its tax effect on December 31, 2011.
The relationship between the amount funded and the amount reported for pension expense is as follows:
A manufacturing company received a substantial sales return in the last month of the year, but the credit memorandum for the return was not prepared until after the auditors had completed the field
Distributions to owners of $90,000 at the end of year 3, Distribution to Melinda of $50,000 that redeems 25% of her ownership interest at the end of year 4. No other owners redeem any of their owner
At the beginning of the machine's sixth year it was recognized the machine had three years of remaining life instead of five and that at the end of the remaining three years its salvage value would
How has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations? Does the Public Company Accounting Oversight Board have authority to establish auditin
Data concerning Shanor Enterprises Corporation's single product appear below:The unit sales to attain the company's monthly target profit of $13,000 is closest to:
a. Prepare a budgeted income statement for June 20X5. b. Prepare a budgeted balance sheet as of June 30, 20X5 c. How do we use computer-based budgeting in sensitivity analysis?