WORKING PAPERS F/ FUND ACCOUNTING
WORKING PAPERS F/ FUND ACCOUNTING
22nd Edition
ISBN: 9781308868394
Author: Wild
Publisher: MCG CUSTOM
Question
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Chapter 13, Problem 2BTN

Requirement-1:

To determine

To determine:

The Book value per Common share for each company

2)

To determine

To determine:

The Basic Earnings per share (EPS) for each company

Requirement-3:

To determine

To determine:

The Dividend Yield for each company

Requirement-4:

To determine

To determine:

The Price Earnings Ratio for each company

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Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $8,400,000 (840,000 hours at $10/hour) and that factory overhead would be $5,400,000 for the current period. At the end of the period, the records show that there had been 300,000 hours of direct labor and $5,100,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?
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Chapter 13 Solutions

WORKING PAPERS F/ FUND ACCOUNTING

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