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Production costs chargeable to the Finishing Department in June in Castilla Company are materials $19,100, labor $30,400, overhead $18,850. Equivalent units of production are materials 21,900 and conversion costs 19,100. Compute the unit costs for
The applicable rate of interest is 8%. The present value of an ordinary annuity factor for three years at 8% is 2.58, and the present value for the future amount of a single sum of one dollar for three years at 8% is .735. Shipping charges for the
Allowance for Doubtful Accounts has a debit balance of $1,200 at the end of the year (before adjustment). The company prepares an analysis of customers' accounts and estimates the amount of uncollectible accounts to be $13,900. Which of the follow
Compute the weighted average number of shares to be used in computing earnings per share for 2010.
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The company has 200 employees. All these employees are expected to receive benefits under the plan. The average remaining service life per employee is 12 years in 2012 and in 2013.
Troy Company sells $2,400,000 of 6% bonds on June 1, 2010. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2014. The bonds yield 5% On October 1, 2011, Tampa Company buys back $720,000 worth of the bonds for
Nicholas wanted to take an important customer to a hockey game. Although the face value of a ticket was only $50, the only way he could get tickets was by paying a scalper $160 for each ticket. Assuming that all other deductibility requirements ar
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