ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Chapter 14, Problem 6Q
To determine
Stock dividend: When the company has fewer amounts of cash, it pays a dividend to the shareholders in the form of extra shares instead of cash payment. This payment is termed as a stock dividend.
To explain: The reasons for the company for stock dividend payment.
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Brookfield Manufacturing had an estimated 195,000 direct labor hours, $378,300 manufacturing overhead, and 32,000 machine hours. The actual were 198,400 direct labor hours, 33,850 machine hours, and $384,500 manufacturing overhead. They determine overhead based upon machine hours. Calculate the predetermined overhead rate.
Please provide the solution to this general accounting question using proper accounting principles.
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Dividend explained; Author: The Finance Storyteller;https://www.youtube.com/watch?v=Wy7R-Gqfb6c;License: Standard Youtube License