The University of Chicago Press is wholly owned by the university. It performs the bulk...
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Accounting
The University of Chicago Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. The press also publishes and maintains a stock of books for general sale. The press uses normal costing to cost each job. Its jobcosting system has two directcost categoriesdirect materials and direct manufacturing labor and one indirectcost poolmanufacturing overhead, allocated on the basis of direct manufacturing labor costs The following datain thousands pertain to
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