During the month of March, Pharoah Company’s employees earned wages of $66,000. Withholdings rel

During the month of March, Pharoah Company's employees earned wages of $66,000. Withholdings related to these wages were $5,049 for Social Security (ICAL $7,734 for federal income tax, 53,197 for state income tax, and $413 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $722 for state unemployment tax. Pre the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March c countries are automatically indented when amount is entered. Do not indent manually.) A D i es and Explanation Debit Credit

 

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(Pension Expense, Journal Entries) The following information is available for the pension plan of…

(Pension Expense, Journal Entries) The following information is available for the pension plan of Brady Company for the year 2010.

 

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XACC 280 Week 7 Checkpoint and Exercise

XACC 280 Week 7 Checkpoint-Ratio Vertical and Horizontal Analyses

XACC 280 week 7 Exercise Career Opportunities for Accountants

 

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Which of the following is likely to be information rather than data? 1 answer below »

Which of the following is likely to be information rather than data?

a. Sales price

b. Customer number

c. Net profit

d. Employee name

 

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Should refer to the AICPA Audit and Accounting Guide for governmental colleges and universities

Multiple choice

A university that is considered a special-purpose government:

a Is generally required to follow GASB standards

b Is generally required to follow FASB standards

c Should refer to the AICPA Audit and Accounting Guide for governmental colleges and universities

d May choose whether to follow FASB, GASB, or AICPA guidelines

 

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Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capaci

Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capacity to manufacture and sell 17,500 cases of sauce each year but is currently only manufacturing and selling 16,000. The following costs relate to annual operations at 16.000 cases: Total Cost $288,000 $60.000 Variable manufacturing cost Fixed manufacturing cost Variable selling and administrative cost Fixed selling and administrative cost $48.000 $42.000 Gwinnett normally sells its sauce for $40 per case. A local school district is interested in purchasing Gwinnett's excess capacity of 1.500 cases of sauce but only if they can get the sauce for $20 per case. This special order would not affect regular sales or total fixed costs or variable costs per unit. If this special order is accepted, Gwinnett's profits for the year will O increase by $1,200 O decrease by $1,500 O decrease by $16,000 O decrease by $11.500

 

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PARTI SHORT PROBLEMS 170 POINTS) 1. The following balances are contained in Swann and Company books:

PARTI SHORT PROBLEMS 170 POINTS) 1. The following balances are contained in Swann and Company books: DSwan, Capital $30,000 Drawings, Mr. D. Swan $ 2,000 Service Revenue $ 55,000 Salaries Expense $15,000 Supplies Expense 3,000 Insurance Expense 1,000 Required: a. Prepare in good form, a single-step income statement for Swann and Company, 2018. b. Prepare Closing Entries for Swann and Company, sing a dummy account know as Income & Expense Summary

 

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natives, X and Y, are under consideration at Guyer Corporation. Costs associated with the alternativ

natives, X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives ves are listed below. Materials costs Labor costs Alternative X $ 41,000 $ 45,000 Alternative Y $59.000 $ 45,000 Are the materials costs and processing costs relevant in the choice between alternatives X and Y? A) Only materials costs are relevant B) Both materials costs and labor costs are relevant C) Only labor costs are relevant D) Neither materials costs nor labor costs are relevant

 

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what is the overhead cost per unit and how you calculate it. thanks hapters 1 – 5 0 Submitted 77.8/1

what is the overhead cost per unit and how you calculate it. thanks hapters 1 – 5 0 Submitted 77.8/100 Total points awarded Help Exit Daba Company manufactures two products, Product F and Product G. The company expects to produce and sell 2,000 units of Product F and 2,400 units of Product G during the current year. The company uses activity-based costing to compute unit product costs for external reports. Data relating to the company's three activity cost pools are given below for the current year: Expected Activity warded Activity Cost Pool Machine setups Purchase orders Order size Estimated Overhead Cost $15,840 $76,800 $42,160 Product F 132 setups 672 orders 1,290 hours Product G 88 setups 1,248 orders 1,190 hours Total 220 setups 1,920 orders 2,480 hours pok Required: Using the activity-based costing approach, determine the overhead cost per unit for each product. (Round your answers places.) ences Product F Product G

 

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Guy McKinley started the McKinley Charter Service at the beginning of August 2019. On August 31, 201

Guy McKinley started the McKinley Charter Service at the beginning of August 2019. On August 31, 2019, the accounting records of the business showed the following information.
Equipment $ 18,900 Rent Expense $ 6,500 Accounts Receivable 2,000 Cash 7,600 Fees Income 36,500 Salaries Expense 12,400 Boats 100,000 Utilities Expense 1,600 Gasoline Expense 9,200 Supplies 5,200 Loans Payable 79,500 Initial Investment 48,000 Owners’ Withdrawal 5,150 Accounts Payable 4,550

Complete this question by entering your answers in the tabs below. Income Statement Stmt of Owners Eqty Balance Sheet

Prepare an income statement and a statement of owner's equity for the month and a balance sheet as of August 31, 2019.

 

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