Amount of manufacturing overhead
Manufacturing overhead was estimated to be $489,600 for the year along with 20,400 direct labor hours. Actual manufacturing overhead was $470,220, actual labor hours were 21,800. The amount of manufacturing overhead applied to production would be?
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Georgia Products Inc. completed and transferred 187,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department.
Gainer Corporation makes a mechanical stuffed alligator that sings the Mexican national anthem. The following information is available for Gainer Corporation's anticipated annual volume of 500,000 units.
In our 1a and 1b financial accounting courses, we learned how retailers, such as Wal-Mart, account for the cost of equipment that lasts more than one year. Recall that the equipment was recorded as an asset when purchased, and then it was deprecia
Depreciation by Two Methods; Sale of Fixed Asset:New lithographic equipment, acquired at a cost of $787,500 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $67,500.
What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $15,500, and unexpired amounts per analysis of policies of $6000?
Half of the bags had been damaged in shipment and delivery was refused. If Pet Foods Plus pays the remaining amount of the invoice within the discount period, the amount paid should be?
Bradster Co. acquired 20% of the outstanding common stock of Curly Co. on January 1, 2011, by paying $800,000 for the 40,000 shares. Curly declared and paid $.80 per share cash dividends on June 15, and December 15, 2011. Curly reported net income
In the manufacture of 9,799 units of a product, direct materials cost incurred was $148,076, direct labor cost incurred was $89,102, and applied factory overhead was $56,966. What is the total conversion cost?
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