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?
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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.
You are considering two options for producing a product that will sell for $100.Option #1 will have variable cost $50, and a fixed cost of $60,000.
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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