Company uses predetermined overhead
Company uses predetermined overhead (oh) rate. Beg of yr: est mfg oh $248,800. End of yr: actual direct labor hours for the yr 16,800 hrs, mfg oh for the year was underapplied by $17000. Actual mfg oh was $243,800. Predetermined oh rate was?
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Describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium amortized?
How is the portion of consolidated earnings to be assigned to non-controlling interest in consolidated financial statements determined?
What is the difference between downstream and upstream sales? How does this difference impact application of the equity method?
On March 15, 2011, XYZ Corp obtained a nine-month working capital loan from Bank Three. The face amount of the note signed by the treasurer was $300,000.
Company uses predetermined overhead (OH) rate in applying OH to production orders. Dept A on labor cost basis and Dept B on machine hrs basis. Beg of yr.
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Buchanan Co. recently was sued by a competitor for patent infringement. Attorneys have determined that it is probable that Buchanan will lose the case and that a reasonable estimate of damages to be paid by Buchanan.
At the beginning of the yar, Logan Company's assets are $200,000 and its equity is $150,000. During the yar, assets increase $70,000 and liability increase $30,000. What is the equity at the end of the year?
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