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The quantity purchased is used in computing the direct materials price variance because you are looking for the difference in the price of materials for the job, whereas, when computing the materials quantity variance you are comoparing the standard material quantity against what i actually took to do the job. Material price is based on how much the materials were for the job compared to the standard price.
What are your thoughts?
Find out the amount of sales revenue dorough will report on the first 2012 quarterly proforma income statement. Prepare cash receipts schedule for the first quarter of 2012
Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.
Sonja is a United States citizen who has worked in Spain for the past 10 months. She received $5,000 a month as compensation. Her employer has offered to extend Sonja's contract to work in Spain for another 5 months at the same rate of pay.
In your role as the financial manager, you routinely review your firm's financial statements and financial ratios to evaluate the financial health of your company.
Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.
Bonita places a coupon in each box of its product. Customers may send in five coupons and $3-A total of 400,000 boxes of product were sold in 2010. It was estimated that 6% of the coupons would be redeemed.
I need to determine the best form of business entity for a business having the following characteristics and explain why choose that form of business:
Please discuss the value of the accounting cycle to the including:
Milner Corporation has been authorized to issue 20,000 shares of $100 par value, 10% noncumulative preferred stock and 1,000,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. Prepare the journal ent..
Snapper Corp. computes its predetermined overhead rate annually on the basis of direct-labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $240,000 and the total direct labor hours (dlh) would be 6..
Prepare journal entries for investments using the fair value and the equity method. How does it relate to the practice of accounting and its uses in business?
You are preparing taxes for Tim, a business investor, and must calculate his adjusted gross income. Tim invested $10,000 in a business (only slightly less than the other investors) but is claiming a loss of $24,000.
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