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Question - A manufactured product has the following information for June.
Standard
Actual
Direct materials
(5 lbs. @ $8 per lb.)
42,500 lbs. @ $8.10 per lb.
Direct labor
(3 hrs. @ $17 per hr.)
24,900 hrs. @ $17.40 per hr.
Overhead
(3 hrs. @ $11 per hr.)
$283,200
Units manufacturing
8,400
Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.
Bad Debts-Aging Puckett, Inc. includes the following account among its trade receivables. Age the balance and specify any items that apparently require particular attention at year-end.
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Prepare the income statement and a retained earnings statement for July and a classified
In addition to the foregoing information, use the following data in determining the acceptability in this situation: The present value index for this investment is:
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