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    How to calculate accrued payroll and accrued payroll taxes

    The following summary data for the payroll period ended December 27, 2008, are available for Cayman Coating Co.: Gross pay...............................................$53,000 FICA tax withholdings............................. ? Income tax withholdings.........................$7,680 Group hospitalization insurance........

    Analysis of Job-Cost Data

    The Cabrillo Construction Company constructs houses on speculation. That is, the houses are begun before any buyer is known. Even if the buyer agrees to purchase a house under construction, no sales are recorded until the house is completed and accepted for delivery. The job-cost records contained the following (in thousands):

    Underapplied and Overapplied Overhead

    Wosepka Welding Company applies factory overhead at a rate of $8.50 per direct-labor hour. Selected data for 20X7 operations are (in thousands): Case 1 Case 2 Direct-labor hours 30 36 Direct-labo

    Contemporary Accounting Issues

    Scenario: You have recently obtained a new position as a manager of an international accounting firm, Smith, Lindsey, and Lueders, CPA (SLL). SLL is primarily an auditing firm. Part of your duties will be to analyze the current state of accounting with an emphasis on the international environment. An additional responsibility

    Variance analysis, multiple products

    14-25 Variance analysis, multiple products. Soda-king manufactures and sells three soft drinks: Kola, Limor, and Orlem. Budgeted and actual results for 2009 are as follows: Budget for 2009 Actual for 2009 Product Selling Price Variable Cost per carton Cartons Sold Selling Price Variable Cost per carton Cart

    Millard Airport: High Low method for variable cost, fixed costs

    Problem 3 Show work in Excel Millard Airport handles many private flights. The budget officer has compiled the following data regarding airport costs over the past year. Month Airport costs Flights originating at the airport January $22,000 1,200 February 19,00

    Make or Buy Distribution Manufacturers

    Please see attached file. Outdoors Inc, is a wholesale distributor that manufactures sporting equipment for retails chains, with about 60% of their products purchased from other companies. Outdoors Inc, produces 8,000 camping boxes every year utilizing direct labor capacity at available workstations. Here is the costs & selli

    Analyzing delivery goals

    A gift store has a goal of processing 95 percent of its orders on the same day they are received. If 485 out of the next 500 orders are processed on the same day, would this prove that they are exceeding their goal, using ? = .025?

    Paper explaining Political positions on Tax Credits for Low-Income Housing

    Political Parties Paper Issue:Tax Credits for Low-Income Housing Find Web sites that explain positions of major political parties, such as www.rnc.org, www.democrats.org, or http://www.lib.umich.edu/govdocs/psusp.html#party Select a major national issue. Write a paper, explaining differences in position on the i

    Excessive executive pay?

    In the current economic environment, there has been a lot of discussion related to the excessiveness of executive pay. Agree or disagree as to whether you believe it is excessive and explain your position. What other alternatives may be there be to executive pay?

    State of the Pepsi in relation to ISO 14001 Certification

    Can you please assist me with the following study question. I have been hired as a consultant by the Pepsi Corporation and I have to meet with the executive board and respond to the following: - The current state of the Pepsi Corporation in relation to ISO 14001 certification. Can you please put this in a PowerPoint with

    Installment Sales

    Foghorn Leghorn Corporation began selling goods on the installment basis on January 1, 2008. During 2008, the company had installment sales of $170,000, cash collections of $66,000, and cost of installment sales of $119,000. Prepare the company's entries to record installment sales, cash collected, cost of install

    Not for Profit Organization: Restricted Resources and Gifts

    Help prepare written answers to the following: 1. Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources. 2. A not-for-profit organization receives a restricted gift. When, and in which t

    Understanding Elements of CAFR Reporting

    Help prepare written answers to the following problems: a. Continuing Problems 1 through 6. For this assignment, use the CAFR from http://www.ofm.wa.gov/accounting/financial.asp Continuing Problem Review the comprehensive annual financial report (CAFR) you obtained. 1. Indicate the activities accounted for in both in

    Shynee Minerals: Should three joint products be sold as is, or processed further

    Shynee Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Sarco, Barco, and Larco. Each of these products can be sold as is,r it can be processed further and sold for a higher price. The company incurrs joint costs of n$180,000 to process one bat

    Kadowaki Corp. Installment Sales Method

    Kadowaki Corp., a capital goods manufacturing business that started on January 4, 2007, and operates on a calendar-year basis, uses the installment-sales method of profit recognition in accounting for all its sales. The following data were taken from the 2007 and 2008 records. 2007 2008 Instal

    Accounting standards and theories

    1. Accounting standards could be established using descriptive theory, which explains practice, or normative theory, which leads practice. Which theory is currently being used in setting standards? Which do you think should be used? Justify your response. 2. Accounting standards are very complex and require expertise in the

    Angela Company: How Should Angela Report the Safety Hazard?

    Please help with the following: Angela Company is a manufacturer of toys. During the year, the following situations arose: -- A safety hazard related to one of its toy products was discovered. It is considered probable that liabilities have been incurred. Based on past experience, a reasonable estimate of the amount of los

    Intangible Asset Account: Reichenbach Company

    Can you help me get started with this assignment? Correct Intangible Asset Account Question Details: Reichenbach Co., organized in 2009, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2009 and 2010. Intangible Assets: 7/1/09--8 year

    The Effects of Technology on the Accounting Profession

    Reference articles describing how information systems are changing the various aspects of the accounting profession. o Include a description of a variety of new technologies and their effects on accounting processes. o Discuss how these technologies have changed the way accounting is performed at your organization or at an

    Diluted EPS: Given data, calculate diluted earnings per share

    Net profit for the year $18,160,000 Ordinary shares of $1: $40,000,000 Number of ordinary shares in issure : 40,000,000 Average fair value of one ordinary share during the year : $1.5 Number of shares under options during the year : 2,000,000 Exercise price for shares under options during the year : $1.2 Calculatio

    Accountants' primary responsibilities: Relevant and Reliable

    An Accountant's primary responsibility is to provide information which is: Useful - Relevant (forecasting/predicting - feedback and timely), Reliable (verifiable - faithful representation) and consistent (comparable). Assuming that you concur with the foregoing commentary - how does the accountant carry out their responsibil

    Contemporary Accounting Issues: United States

    Scenario: You have recently obtained a new position as a manager of an international accounting firm, Smith, Lindsey, and Lueders, CPA (SLL). SLL is primarily an auditing firm. Part of your duties will be to analyze the current state of accounting with an emphasis on the international environment. An additional responsibility

    Tax effect of exchange of taxi business for limo service

    T has arranged to exchange his taxi business for a limo service (U's) in order to move to a new city because if T sells his business he will have substantial gain. In order to strike the deal, U insists that T sign a covenant-not-to-compete that U and T value at $25,000. Balance sheets are: T's Autos - $700,000 Computers -

    Probabilities in the game of Keno

    1) At the casino you can play the game of Keno (similar to the "lottery" problem); where 80 balls are in an urn, 20 balls are required for the jackpot, and 20 balls are drawn overall. Additionally there are "winning" payouts if you pick: 0,1,2,7,8,9,10,11,12,13,14,15,16,17,18,19, or 20 correct. You receive no payout for 3,4,5,

    Assembly Dept of Webster Manufacturing cost report

    Problem 1 Study guide The Assembly Department of Webster Manufacturing uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, $190,000 of materials costs and $135

    Heart Ltd Cost & Revenue Variances: Volume variance, over- under-applied overhead

    Use the following information to answer questions 1 and 2 Heart Ltd. applies overhead on the basis of machine hours. One and one�half (1.5) machine hours are required for each unit of product. The master budget showed planned production of 6,000 units for the upcoming period, with manufacturing overhead budgeted at $205,2

    Predetermined overhead rate: Over-applied or under-applied

    PLEASE USE MS EXCEL. Indigo Inc. assigns overhead to specific jobs based on machine hours. At the beginning of the current year, estimated overhead costs were $2,150,000 & estimated machine hours were 500,000. By the end of the year, actual overhead costs were calculated to be $1,900,000 & actual machine hours were 475,000.

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