At year-end, all equity accounts must be closed
Indicate whether the statement is true or false.
FALSE
Business
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Jezebel, Inc completed Job 12 and several other jobs in the last week
The cost details of Job 12 are shown below. Direct labor cost $820 Direct materials cost $120 Machine hours 6 hours Direct labor hours 17 hours Predetermined overhead allocation rate per machine hour $85 Number of units of finished product 22 units What is the cost per unit of finished product produced under Job 12? (Round your answer to the nearest cent.) A) $42.73 B) $65.91 C) $85.29 D) $108.41
Business
The interest Expense on a $1,000, 4%, 3 month note is
A. $10 B. $40 C. $120 D. $100
Business