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The efficiency variance measures? ________.
A. the difference between the quantity used by the company and the quantity used by its competitors
B. how quickly direct materials are processed into finished goods
C. how well the business uses its materials or human resources
D. the change in quantities used over time
2. The Finishing Department had 10,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 30,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 3,900 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period?
30,000 units.
26,100 units.
23,900 units.
28,050 units.
The resulting loss of the S election would trigger about $135,000 in federal corporate income taxes for the current year alone. How would you defend Burt's position? Explain.
In which fund or funds, would you report the transactions related with the federal grant and school district match? Would they be accounted for in the same fund? What factors influenced your decision?
How should Phoenix account for its acquisition of 100 percent of equity interests in Darwin and Thunderbird: as a merger of entities under common control or as a business combination?
Why do you think that the company uses accelerated depreciation methods in its income tax returns?
Provide some assurance that a company was not holding uncollectible accounts in its accounts receivable rather than writing them off when they are determined to be uncollectible? What will be the effect on net income if the $100,000 is written off?
The following are the accounts and balances for XYZ Inc as of December 31, 2015. Create a trial balance using the accounts and balances given above – assume all accounts have a normal balance.
The selling price of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies.
question i. on 1st november 2012 barry bean a service manager received 60000 offees for a plant and equipment
During 2011, Washington paid salaries of $14,000, and on December 31, 2011, the company accrued salaries of $1,200. What would Washington report for service revenue for 2011?
At what amount should Connor present the note on the December 31, 2011 balance sheet?
you are discussing your 401k with dan ervin when he mentions that sarah brown a representative from bledsoe financial
question this data relates to the cash account in the ledger of hawkins company.balance september 1-16400 cash
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