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Sissac Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $620 per month plus $111 per job plus $27 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in May to be 19 jobs and 128 meals, but the actual activity was 14 jobs and 133 meals. The actual cost for catering supplies in May was $5,550. The spending variance for catering supplies in May would be closest to.
Explain how cost accounting can be used in your organization. What are fixed costs, variable costs, direct costs, and indirect costs? Which of these have you worked with? How was that information used to make decisions? Please cited the reference
A corporation issues 100,000 shares of an authorized 500,000 shares of $1 par value common stock.the selling price is $15 per share. How much cash is received? What amount is recorded as common stock issued? What amount if any is recorded as addition..
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2..
Annual depreciation expense on the equipment is 32,000 What are the adjusted journal entries and T-accounts? And please explain why
star mart company inc issued 100000 of bonds payable on june 30 2010. the bonds are to be redeemed in five years while
A rental car agency charges a flat fee of $38.00 plus $2.75 per day to rent a certain car. Another agency charges a fee of $31.75 plus $4.00 per day to rent the same car. Use a graphing calculator, find the number of days for which the costs are the ..
The fair value of the options was estimated at $6 per option. What would be total compensation indicated by these options.
The partners agree that the net realizable value of the receivables is $14,500 and that the fair value of the equipment is $11,000. Indicate how the accounts should appear in the opening balance sheet of the partnership.
Job Order Costing what are the three costs that would go on a job order cost sheet? How would a business apply overhead on a job order cost sheet? Provide an example.
Cambridge Company's president receives a $150,000 base salary and a bonus of 0.5% of sales for the year. How much will the president earn at a sales level of $3,000,000 for the year?
"Companies following international financial reporting standards must _______.
In this assignment, you will reviewone article of your choice related to the world of finance. You can review articles on any financial topic of your choice. Sample topics may include: making better business decisions using the Time Value of Money..
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