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The accountant has made the following calculations and journal entries to record the following transactions. There are numerous errors. You will need to find the
The accountant has made the following calculations and journal entries to record the following transactions. There are numerous errors. You will need to find the calculation and/or journal entries that are incorrect, 1. write the correct answer, showing your work and/or correct journal entry and 2. explain how the accountants errors would affect the financial statements.
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6. SpaceX received two orders (Job 150 and Job 160) from the U.S. military and has asked the accountant to determine the cost of each job and the price to quote on the contract for each job. SpaceX uses machine hours as its base for applying overhead to each job and marks up the total job cost by 40% for the price. The accountant calculated the cost and price of each job using the information belowStep by Step Solution
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