Entries by Munene david

How do I enter this journal entry required to record the events

May 6, 2020 in /by

How do I enter this journal entry required to record the events for December 31, 2019.? On January 1, 2017, Frostburg Company purchased for $68,500, equipment having a service life of six years and an estimated residual value of $4,000. Frostburg has recorded depreciation of the equipment using the straight-line method. On December 31, 2019, before […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Annapolis Company completes job #601 which has a standard of 500 labor

May 6, 2020 in /by

Annapolis Company completes job #601 which has a standard of 500 labor hours at a standard rate of $18.90 per hour. The job was completed in 510 hours and the average actual labor rate was $19.40 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Ocean City Kite Company manufactures & sells kites for $8.50 each

May 6, 2020 in /by

Ocean City Kite Company manufactures & sells kites for $8.50 each. The variable cost per kite is $3.00 with the current annual sales volume of 50,000 kites. This volume is currently Ocean City Kite’s breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company’s fixed costs. (Round dollar value […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

The following totals are used to for CVP Income Statement for Frederick Company for FY2018:

May 6, 2020 in /by

The following totals are used to for CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units)   $10,000 Variable Costs:          Direct Labor $1,400        Direct Materials 1,550        Factory Overhead (variable) 2,000        Selling Expenses (variable) 600        Administrative Expenses (variable) […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"