ACCOUNTING W/WILEYPLUS NEXGEN >LL<
ACCOUNTING W/WILEYPLUS NEXGEN >LL<
7th Edition
ISBN: 9781119494904
Author: Kimmel
Publisher: WILEY
Question
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Chapter 7, Problem 9E

(a)

To determine

Prepare bank reconciliation of Company H, as at September 30, 2017.

(b)

To determine

Prepare adjusting journal entries for Company H.

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StriveTech Co. uses the high-low method to analyze cost behavior. The company observed that at 18,000 machine hours of activity, total maintenance costs averaged $28.00 per hour. When activity increased to 22,000 machine hours (still within the relevant range), the average total cost per machine hour dropped to $25.00. Based on this information, the fixed cost was: a. $396,000 b. $297,000  c. $308,000 d. $220,000  e. $528,000 help
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Chapter 7 Solutions

ACCOUNTING W/WILEYPLUS NEXGEN >LL<

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