Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit. To Explain: Charter, by-laws and organizational costs.

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Answer 1

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Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

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Manufacturing overhead is applied based on budgeted direct labor hours. The direct labor budget indicates that 6,200 direct labor hours will be required during the year. The variable overhead rate is $4.10 per direct labor hour. The company's budgeted fixed manufacturing overhead is $92,500 per year, which includes depreciation of $18,400. All other fixed manufacturing overhead costs represent current cash flows. The predetermined overhead rate would be_.help

Manufacturing overhead is applied based on budgeted direct labor hours. The direct labor budget indicates that 6,200 direct labor hours will be required during the year. The variable overhead rate is $4.10 per direct labor hour. The company's budgeted fixed manufacturing overhead is $92,500 per year, which includes depreciation of $18,400. All other fixed manufacturing overhead costs represent current cash flows. The predetermined overhead rate would be_.

Answer 2

Question

Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

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Answer 3

Question

Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

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Answer 4

Question

Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

Expert Solution & Answer

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Answer 5

Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

Answer 6

Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

Answer 7

Chapter 13, Problem 3Q

(a)

To determine

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.

Answer 8

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

Answer 9

(b)

To determine

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 13 - Prob. 1Q Ch. 13 - Prob. 2Q Ch. 13 - Prob. 3Q Ch. 13 - Prob. 4Q Ch. 13 - Prob. 5Q Ch. 13 - Prob. 6Q Ch. 13 - Prob. 7Q Ch. 13 - Prob. 8Q Ch. 13 - Prob. 9Q Ch. 13 - Prob. 10Q

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit. To Explain: Charter, by-laws and organizational costs.

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit. To Explain: Charter, by-laws and organizational costs.

To Explain: Corporation must be incorporated in the state in which its headquarters office is located.

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Chapter 13 Solutions

Formation of Corporation: Articles of incorporation or certificate of formation is filed with the secretary of state or the other liable authority, the birth of corporation takes place. It is formed for the purpose of profit or non profit.

To Explain: Charter, by-laws and organizational costs.