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Fearless Frank's Fertalizer Farm produces fertalizer and distributes the product by using his tanker trucks. Frank's uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:
Budgeted output units 300 truckloadsBudgeted fleet hours 225 hoursBudgeted pounds of fertalizer 12,000,000 poundsBudgeted variable manufacturing overhead costs for 300 loads $37,500
Actual output units produced and delivered 315 truckloadsActual fleet hours 218 hoursActual pounds of fertalizer produced and delivered 12,600,000 poundsActual variable manufacturing overhead costs $38,250
What is the budgeted variable overhead cost rate per output unit?
What is the flexible-budget amount for variable manufacturing overhead?
What is the flexible-budget variance for variable manufacturing overhead?
Describe a variable, fixed, mixed and step cost in an organization. Would this organization be more likely to benefit from using a manufacturing cost hierarchy or a customer cost hierarchy for determining cost drivers?
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How will the conduct of an audit of a medium-sized company be affected by the company's being a small part of a large conglomerate as compared with being a separate entity?
There was $800 of supplies on hand at the end of the year. Prepare the adjusting entry for the end of the year.
The stockholders' equity section of Milroy Corporation as of December 31, 2003, was as follows:
In this discussion post you are to discuss either the pro or con of full financial disclosure. You must take a position advocating full disclosure and why this is beneficial for the marketplace and the economy or a position arguing that the associ..
The deposits are based on the container cost marked up 20%. How much profit did Slotnick realize on the forfeited deposits?
Net cash flow provided (used) by operating activities. Net cash flow provided (used) by investing activities. Net cash flow provided (used) by financing activities.
You bought a stock three months ago for $73.82 per share. The stock paid no dividends. The current share price is $76.09.
Accounting for Extractive Industries Production commences in Site One
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
What interest rate should be used to calculate the interest revenue from this transaction for the years ended December 31, 2011 and 2012, respectively?
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