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China Inc. produces custom-painted cake plates for a number of major department stores. During the most recent week, the company prepared 6,000 platesusing 1,150 direct labor-hours. The company paid its direct labor workers at an average pay rate of $10.00 per hour. According to the standard cost card, each plate should require .20 direct-hours at a cost of $9.50 per hour.
Required: Compute the labor efficiency variance and a labor rate variance.
Pie Safe company's beginning work in process inventory included 10,000 units that are 20% complete with respect to direct labor costs. A total of 35,000 units are completed this month.
you invest 1000 in a certificate of deposit that matures after 10 years and pays 5 percent interest which is compounded
Sanilac County has a lease on a lawn mower for $2500 per month and $.02 per minute of operation. Operating costs for fuel, oil, technicians, and so on are all variable at $.03 per minute. Departments had projected a need for 100,000 minutes per mo..
Design a proposal for the appropriate controls to cover accounts receivable. The proposal must be based on the Apollo Shoes case. Your reading of the Apollo Shoes case should include board minutes and auditor messages and notes.
which accounting process is the recognition or non-recognition of business activities as accountable events?
What is the cash flow from investing activities?
prepare a three-year horizontal analysis of the income statement and balance sheet of a selected company. discuss the
Beginning inventory for September is expected to be $4,000 suits. What is the dollar amount of purchase of suits? Each suit has a cost of $75.
Journalize the entries to record the liquidation outlined below,using Assets as the account title for the non cash assets and Liabilities as the account title for all creditors' claims.
Richard exchanges a building with a FMV of $75,000, a basis of $35,000, and subject to a liability of $25,000 for land with a FMV of $50,000 owned by Bill. What is the amount of Richard's realized gain?
Prepare the adjusting entries using good form for each of the following situations as of January 31 (measurement date) for the one month of January
For several years a client's physical inventory count has been lower than what was shown on the books at the time of the count so that downward adjustments to the inventory account were required. Contributing to the inventory problem could be weak..
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