On january 1, 2021, weaver corporation purchased a patent for $210,000. the remaining legal life is 20 years, but the company estimates the patent will be useful for only six more years. in january 2023, the company incurred legal fees of $30,000 in successfully defending a patent infringement suit. the successful defense did not change the company’s estimate of useful life. weaver corporation’s year-end is december 31.
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Business, 21.06.2019 13:30
The budgeted overhead cost for the year is $1,260,000. the company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. the current audit bid for monoco industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. what is the overhead rate based on a single cost driver (rounded to the nearest percentage)?
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Business, 21.06.2019 16:00
The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?
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Business, 22.06.2019 21:20
Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
Answers: 2
Business, 22.06.2019 23:00
What is the purpose of the us international trade association?
Answers: 2
On january 1, 2021, weaver corporation purchased a patent for $210,000. the remaining legal life is...
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