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Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.50 per hour. During February, Madrid Co. paid $99,900 to employees for 9,160 hours worked. 2,430 units were produced during February. What is the direct labor rate variance?
A company shows the following balances: sales: 800,000, sales returns and allowances: 125,000, sales discounts: 25,000, cost of goods sold: 481,000. What is the gross profit rate?
lone mountain extraction which mines ore in idaho uses a calendar year for both financial-reporting and tax purposes.
What percentage is the coupon rate that ram would have to pay on the convertible, callable bond?" 6%, greater or less than 6%, or 8%
The firm received a $1,000 deposit from a customer for a product to be sold and delivered to that customer next month. Analyze and record the transactions as journal entries.
Antawn expects to sell 42,000 units of finished goods this period-How many units must he budget for production this period
Mason was shocked to learn that the current Code is the Internal Revenue Code of 1986. He thought that U.S tax change more frequently. What is wrong with Mason's perception?
you are an accountant in a medium-sized manufacturing company. you have been asked to mentor an accounting clerk who is
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
genetech had 2000000 in assets and has decided to finance 30 percent with long term financing13 rate and 70 percent
Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?
Prepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $136,000; patents and copyrights = $630,000; accounts payable = $215,000;
The Pension Trust Fund maintained by the City of Linden had the following transactions during 2012. Record each transaction in the Pension Trust Fund. Ignore any other funds that may be involved in a transaction.
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