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Stellar Packaging Products' controller, Robin Simmons, recently completed the direct materials and direct labor variance analyses for the current period. The direct materials price variance for plastic was unfavorable; the direct materials efficiency variance for plastic was favorable. In addition, the direct labor price variance was unfavorable; the direct labor efficiency variance was favorable.
Often variances occur simultaneously and provide insight regarding the performance for the period. Indicate one reason for each of two of these variances and ensure your explanation is interrelated, meaning the two events giving rise to the variance occurred simultaneously in a cause and effect manner.
Write a 3 to 4 sentence paragraph.
a company used the percent of sales method to determine its bad debts expense. at the end of the current year the
On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be:
cost of raw materials is debited to raw materials inventory when thea. materials are ordered.b. materials are
airborne manufacturing co completed the following transactions during 2009 jan 16 declared a cash dividend on the 4 102
capriati corporation commenced operations in early 2012. the corporation incurred 60710 of costs such as fees to
Which of the following statements is NOT correct concerning the Cash Budget?
If the market interest rate is 8%, the bonds will issue at $450,518. Record the bond issue on January 1, 2012, and the first two semiannual interest payments on June 30, 2012, and December 31, 2012?
jaworskias ski store is completing the accounting process for its first year ended december 31 2013. the transactions
Prepare journal entries to record the sale, cash collections, and recognition of gross profit (if appropriate) in 2010, 2011, and 2012.
vorteck inc. manufactures snowsuits. vorteck is considering purchasing a new sewing machine at a cost of 2.5 million.
The licensing of intangible property is a commonplace occurrence in foreign countries. Choose any type of intangible property and propose a strategy to minimize or eliminate the tax impact of licensing.
due to an increase in labor rates the company estimates that variable costs will increase by 1.60 per skateboard next
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