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Price and efficiency variances. Peterson Foods manufactures pumpkin scones. For January 2009, it budgeted to purchase and use 15000 pounds of pumpkin at $0.89 a pound. Actual purchases and usage for January 2009 were 16.000 pounds at $0.82 a pound. It budgets for 60.000 pumpkin scones. Actual output was 60,800 pumpkin scones.
1. Compute the flexible-budget variance.
2. Compute the price and efficiency variances.
3. Comment on the above results and provide a possible explanation for them.
A company purchases a $100,000, 10-year bond on January 1, 19X1 at 107. After 5 years, it sells the bond at 102. Prepare the entry for the sale.
pacific northern corp. needs new manufacturing equipment. two companies can provide similar equipment but under
On April 1, 20X0, your company finances partial payment of the sale of machinery to a customer for a $20,000, 3-year, 8% note receivable.
Should any of the overhead costs at year-end be added to Job W? If so, how much? Explain.
During the year, Krisiten holds two jobs. After an eight-hours day at the first job, she works three hours at the second job. On Fridays of each week, she returns home for dinner before going to the second job.
carrie owed charlotte 20000. carrie offered charlotte a promissory note a negotiable instrument worth 200000 upon
Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?
E21-30 Determing mixed costs-the high-low method The manager of Able Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,000 for 1,000 inspections to $3,600 for 600 inspections.
Journalize the transactions of Frankenstein Productions- total amount charged to Sunrider Co. on August 31.
on january 1 2008 blair corporation purchased for 500000 atract of land site number 101 with a building. blair paid a
illinois wholesale company has an agreement with it sales manager entitling that individual to 7 of company earning as
income statements are presented in the table below for the elf corporation for the years ending december 31 2010 2009
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