Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. T&C Tees is a manufacturer of T-shirts. The standard amount of 100% cotton jersey fabric used to make each T-shirt is 2.5 yards. The standard price per yard of the fabric is $2.50.During last month, T&C purchased 5,200 yards of the jersey fabric for $11,700.The production department used 5,000 yards to produce 1,800 T-shirts during the month.
Required:
a. Compute the material price and quantity variances.
b. Is the material price variance favorable or unfavorable? What might have caused this variance? Is the material quantity variance favorable or unfavorable? How might it be related to the material price variance?
Prepare journal entries to record the selected July transactions. Also prepare any footnotes to the July 31 financial statements that result from these transactions
If you were the Board of Directors, overseeing this firm's CEO, what would you do to prevent this "overproduction" from taking place simply to enhance his or her bonus?
Assume that the company is reluctant to fire workers in the circuit department even if they are not really needed.
Presley Products Inc. is a manufacturer of limited edition dolls. They use operations costing to measure and track the costs incurred for specific product lines.
The computer workstation furniture manufacturing that Adria Lopez started in January is progressing well.
Are they valid? Why or why not?Also, include whether you believe statistical methods are more favorable compared to non statistical samples. Why?
Calculate the variances for the year ended December 31,2011, identify the person/department to get additional information from regarding the variances and lastly suggest one plausible explanation for each variance.
Recommend and defend a transfer price (market price, variable cost, or full cost plus profit) for the coal shipped by the mining subsidiary to the foundries.
In addition to the information presented in Mini-Exercise 14.4, ABC Company has a cash balance of $25,000 on August 1 and requires a minimum ending cash balance of $20,000.
Determine the cost of the ending Work in Process inventory and the cost of items completed and transferred to Finished Goods inventory.
a compute the break-even point in total sales dollars and in units for 2014.b peri has proposed a plan to get the
Explain to Joe why some of his salary could end up on the companys balance sheet at the end of the month.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd