Advanced Accounting 14th Edition
14th Edition
ISBN: 9781260726442
Author: By Joe Ben Hoyle And Thomas Schaefer And Timothy Doupnik
Publisher: Mc Grawhill Education
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Question
Chapter 4, Problem 4P
To determine
Identify the appropriate answer for the given statement from the given choices.
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Job 528 was one of the many jobs started and completed during the year. The job required $11,200 in direct materials and 40 hours of direct labor time at a total direct labor cost of $12,600. If the job contained five units and the company billed at 65% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?
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Advanced Accounting 14th Edition
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- Manak Corp. factors $600,000 of its accounts receivables to Dawson Factors on a recourse basis. Dawson Factors assesses a 4% finance charge on the amount of the accounts receivable and retains an amount equal to 6% of the accounts receivable for possible adjustments. What is the amount of cash Manak Corp. received from Dawson Factors at the time of the sale?arrow_forwardthe net realizable value of accounts receivable?arrow_forwardGiven correct solution general accounting questionarrow_forward
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