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The actual labor-hours for the year turned out to be 52,600 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
To the nearest whole dollar, what should be the total sales commissions at a sales volume of 33,200 units? (Assume that this sales volume is within the relevant range.)
Gabruk Inc. is a merchandising company. Last month the company's merchandise purchases totaled $88,000. The company's beginning merchandise inventory was $15,000 and its ending merchandise inventory
Which of the following is correct when land costing $20,000 is sold for $29000. The land was a component of plant and equipment on balance sheet.
Any additional excess cost was attributable to a trademark with a 10-year life for the first purchase and a 9-year life for the second. The initial 10 percent investment had been maintained at cost
Sold $7,000,000 of its 8%, 10-year bonds for $6,730,000 including accrued interest. The bonds were dated January 1. 2009. Interest is paid semiannually on January 1 and July 1. On April 1, 2013. Han
1. What problems are associated with using the average cost per unit as a performance measure? 2. What problems are associated with using the variable cost per unit as a performance measure?
Compute the combined (federal+state) income tax rate for XYZ company. Usethis rate for computing after tax cash flows.
If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31?
Prepare a schedule to reconcile Quantacc's 2013 net income and December 31,2013, stock holders' equity under IFRS to U.S. GAAP.
If there were 70,000 pounds of raw materials on hand january 1, 140,000 pounds are desired for inventory at january 31, and 420,000 pounds are required for january production, how many pounds of raw
In an exchange transaction, Jesse transferred land worth $50,000 to his 80%-controlled corporation in exchange for additional stock of the corporation worth $20,000 and cash of $20,000. The basis of
Compute a schedule of deductible expenses related to the following hobby:
Defensive merger tactics are designed to thwart unwanted takeovers and mergers. Do such activities work to the advantage of stockholders all of the time? Are these types of activities ethical? Who d
Record the interest and the Amortization of the discount on the note at December 31, 20X5
If the cost of capital is 10 percent and the annual earnings approximate cash flows excluding finance charges, which project(s) should be chosen?
Salters inc's unit selling price is $50, the unit variable cost are $35, the fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increased by
At the current selling price of $90 per unit, what dollar volume of sales per month is required for Accents to earn a monthly operating income of $10,000?
Because of the size of the operation, hiring a separate employee to keep the books is not practical. How could a scheme like this be prevented in the future?
Why does collusion among employees in the purchasing process make it very difficult to detect billing schemes? Please provide several examples in which collusion would make detection difficult? Also
a. Glendive Company, with a break-even point at $792,000 of sales, has actual sales of $1,200,000.
Use the following information to prepare a cash budget for Knightsbridge Corporation for the month of June 2012. The template of the cash budget is provided below.
Rank the projects using the profitability index. Considering the limit on funds available, which projects should be accepted?
Received the following data on the monthly payroll from the payroll clerk: Direct Labor (already recorded) $23,016.50 New payroll data (to be recorded): Factory: Indirect labor $11,220.00 Superinten
The double entry system of accounting has been in existence for over 500 years. We still use it because it provides a way to check our work for accuracy. Even the simplest accounting software progra