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Direct labor and variable overhead standards per finished unit for Century-Fox Metals Company are as follows: variable overhead, 10 hours at $2.00 per hour. During October, 5,000 units were produced. Direct labor hours used were 52,000 hours. Actual variable overhead costs were $109,200. Determine the spending variance and efficiency variance for variable overhead.
Kramer has two primary bank accounts. At December 31, 2012, one of these accounts had bank overdrafts that caused the balance to have a negative balance of 100,000. The other bank account had a balance greater than 500,000. Kramer recorded the 100..
What are some typical types of transactions that appear in the financing section of the statement of cash flows?
you are a management accountant for baker company. christy reelitz the sales representative for one of bakers suppliers
Prepare a revised aging schedule showing ages of the accounts receivable after the write-offs. Be very careful with your dates. [Hint: Be sure to reflect the write-offs taken in E above, in the correct age category].
the cost function of a company is c0.01x square2x25 where xis the produced unit of its price is rs.30. the profit
Prepare the current liabilities section of the balance sheet for Rock On Magazine Inc. on March 31, 2009.
What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why?
Determine the equivalent units of production with respect to (a) direct labor and (b) direct materials. Compute both the direct labor cost and the direct materials cost per equivalent unit.
August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.
Over time what happens to the balance in the "premium" account? Assume the effectiveinterest rate method is used, does the premium account change more at the beginning or the end of the time to maturity?
alexander company had 1235900 of short-term debt in the form of notes payable due february 2 2013. on january 21 2013
The rate o a five-year CD is 6 percent. Should you refinance your mortgage or invest the $3,000 in a CD? The 6 percent CD rate is your opportunity cost of capital.
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