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Huger Corporation makes automotive engines. For the most recent month, budgeted production was 6,900 engines. The budgeted power cost is $5.10 per machine-hour. The company's standards indicate that each engine requires 7.5 machine-hours. Actual production was 7,000 engines. Actual machine-hours were 53,240 machine-hours. Actual power cost totaled $247,598. Required: Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. Show your work!
it was the accounting rule that caused the financial institutions' balance sheets to look bad. Describe whether you believe that following an accounting process can cause a company to experience economic problems.
If customers attempt to sell more shares of a stock or spend more money than they have in their account, what would be best control method to prevent this problem?
Find how much does Bell report as Income from Demers for the year ended 31st December, 2011 and calculate the non-controlling interest of Demers at 31st December, 2011.
Evaluate the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements and List 5 format differences in companies' income statements.
Should the company continue to manufacture the part, or should it buy the part from the outside supplier? Support your answer with analyses.
A neurologist serves on the board of trustees of the Neurological Disease Foundation, an organization that funds clinical research. He was asked to serve due to his expertise in neurological research, and he chairs the committee of the board that ..
Prepare a schedule showing the income statement effects for the year ended 31st December, 2012 as a result of the above facts.
Give specific examples of accounting information that might be useful for cost leadership, differentiation and focus. Be sure to describe how each example might be used.
Calculate the equity method balance in Corgan's investment in smashing, inc., account as of december 31, 2011. prepare the worksheet adjustment for the december 31, 2011, consolidation of corgan and smashing.
Create the adjusting entries using good form for each of the subsequent situations as of January 31 (measurement date) for the one month of January
at which time the fair values of the equipment and building as of the acquisition date are revised to $180,000 and $550,000, respectively. At the end of 2012, illustrate what adjustments are needed for the financial statements for the period endin..
Posting of journal entries to appropriate accounts and prepare an unadjusted trial balance and Bill transferred $15000 from personal account into business account
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