Chapter 1, Problem 34DQ

Please explain the solution to this general accounting problem with accurate principles.

What is the total cash from operating activities based on the information below for Dynamo Enterprises?

Can you solve this general accounting problem with appropriate steps and explanations?

Daniels Corporation applies manufacturing overhead to products based on standard direct labor-hours. The budgeted fixed manufacturing overhead cost for the most recent quarter was $37,500, and the actual fixed manufacturing overhead cost for the quarter was $38,200. The company based its original budget on 7,500 direct labor-hours. The standard hours allowed for the actual output of the quarter totaled 7,100 direct labor-hours. a. What was the overall fixed manufacturing overhead budget variance for the quarter? b. What was the fixed overhead rate? c. What was the volume variance?

Please provide the correct answer to this general accounting problem using accurate calculations.

Need Accurate Answer

Samuel Entertainment Inc. was organized on March 1, 2018. During 2021, Samuel Entertainment issued 18,000 shares at $22 per share, purchased 2,500 shares of treasury stock at $25 per share, and had a net income of $240,000. What is the total amount of stockholders' equity at December 31, 2021?

Catherine Industries expects an average net profit of INR 75,000 per year in the future. The average capital employed in the business is INR 500,000. The normal rate of return on capital employed in a similar business is 10%. Calculate the goodwill of the firm using: 1. Super Profit Method (on the basis of four-year purchase). 2. Capitalization Method.

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