Entries by Grace Wahito

(TCO 10) John exchanged an old asset with an $18,000 adjusted basis plus $2,000 for a new asset with a $32,000

February 12, 2020 in /by

(TCO 10) John exchanged an old asset with an $18,000 adjusted basis plus $2,000 for a new asset with a $32,000 fair market value. Compute the amount of John’s recognized gain if the new and old assets are like-kind properties. $0 $2,000 $14,000 $12,000   Looking for a Similar Assignment? Order now and Get 10% […]

 

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TCO 2) Which of the following companies would not use a job-order costing system?

February 12, 2020 in /by

TCO 2) Which of the following companies would not use a job-order costing system?Custom aircraft builder Law firm Paper manufacturer Microbrewery that makes specialty beers   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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(TCO 1) Which of the following is a fixed inventoriable product cost? Commissions paid to sales

February 12, 2020 in /by

(TCO 1) Which of the following is a fixed inventoriable product cost? Commissions paid to sales representatives Direct labor Advertising costs Factory rent   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Mayflower Corp manufactures and sells medals for winners of athletic events.

February 12, 2020 in /by

Mayflower Corp manufactures and sells medals for winners of athletic events. The company normally charges $33 per medal. The average costs for a medal is shown below. Direct materials:                         $12 Direct labor:                                   8 Variable manufacturing overhead:   6 Variable marketing expenses:          2 Fixed manufacturing overhead:    10 ($500,000 fixed manufacturing overhead/50,000 medals) Total costs:                 $38 Mayflower Corp has enough idle capacity to accept […]

 

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