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The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75 Actual Costs Direct materials 2,500 kilograms @ $8 The amount of direct materials price variance is:
a) $1,875 unfavorable
b) $1,950 favorable
c) $1,875 favorable
d) $1,950 unfavorable
What is the difference between a tariff and a quota? What is the impact of a trade surplus?
At the beginning of 2011, based on new marketing research, Barkley determines that the fair value of the tradename is $12,000. Estimated total future cash flows from the trade name are $13,000 on January 4, 2011.
Determine the contribution margin in dollars, per unit and as a ratio. Using the contribution margin technique, compute the break-even point in dollars and in units.
List at least three items which will increase a partner's basis in a partnership and at least three items which will decrease a partnership's basis.
During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?
Which depletion method does Kent use to compute its annual deloetion expense for the minerals remove from the ground?
Miller Company needs an estimate of its ending inventory balance. The following information is available.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Which of the following statements is correct regarding the taxation of C corporation?
What is the balance sheet account for which a temporary difference is created by the situation? Unearned subscription revenue or subscription revenue?
The mcDaniel company s financing plans for next year include the sale of long term bonds with a 10% coupon. The company believes it can sell the bonds at a price that will provide a yield to maturity of 12%. If the marginal tax rate is 34%, what i..
Write a 700- to 1,050-word executive memo that explains the required reporting for defined contribution, defined benefit, and other postretirement plans. Also include an explanation of what must happen for the two segments to be eliminated
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