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Primm Company produces a product that requires four standard gallons per unit. The standard price is $24.50 per gallon. The 2,500 units required 10,600 gallons, which were purchased at $23.75 per gallon. The product requires three standard hours per unit at a standard hourly rate of $20 per hour. 2,500 units required 7,900 hours at an hourly rate of $21.50 per hour. The standard variable overhead cost per unit is $2.50 per hour. The actual variable factory overhead was $19,050. The standard fixed overhead cost per unit is $1.30 per hour at 7,000 hours, which is 100% of normal capacity.Prepare a 2012 income statement through gross profit for Primm Company. Assume Primm sold 2,500 units at $320 per unit.
what is the purpose of using regression analysis? how may it be used to formulate strategies? provide examples
the selling and administrative expense budget of hiser corporation is based on the number of units sold which are
Llimitation of the accounting classification system was referred to throughout the chapter. What is meant by this? Give some examples. Why is the accounting classification system the foundation of the accounting discipline?
for the year ended december 31 2012 telmarine electrical repair company reports the following summary payroll data.
paulson inc. has 5 computers which have been part of the inventory for over two years. each computer cost 600 and
at the todd company the cost of the personnel department has always been charged to production departments based upon
reagan inc. signed a lease for some equipment having a 9-year useful life with silver leasing co. the lease payments
If sales to increase by 11% next year. How do I find the percentage that should net operating income will increase?
the assembly department of united products employs workers to assemble units of product xsd. they are paid three
the coca-cola company uses an eva approach to performance measure which it calls economic profit. go to coca-colas
This is the data table about my city that I live in 1990 and 2000 and difference 1990 2000 Difference-What information from this table do you find to be most interesting? Give 2 to 4 sentences of explanation.
Determining the true cash balance as of August 31. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
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