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The Odle Company makes and sells a single product called a Kitt. Odle uses a standard costing system. Each Kitt has a standard cost of 5 pounds of material at $12 per pound and 0.9 direct labor-hours at $15 per hour. There were no inventories of any kind on June 1. During June, the following events occurred:
• Purchased 17,000 pounds of material at a total cost of $190,000.
• Used 15,000 pounds of material to produce 2,400 Kitts.
• Used 1,900 hours of direct labor time at a total cost of $38,000. To record the incurrence of direct labor cost and its use in production, the general ledger would include what kind of entry to the Labor Rate Variance account?
give several examples of business activities that result in unearned revenues.lt?xmlnamespace prefix o ns
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The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be:
In the past, TTTH Inc. allocated indirect manufacturing costs based on direct labor hours. Recently, management has decided to pilot a system of time-driven activity-based costing (TDABC) to allocate these costs. Determine the indirect labor suppor..
the audit report and internal control evaluation.bullresource pp. 62 amp 63 of ch. 3 in auditing and assurance
explain what jordan should do to treat the leases properly as sales-type leases.jordan industries manufactures and
nevada company has three producing departments p1 p2 and p3 for which direct department costs are accumulated. in
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Now compute the present value of the income stream from the gold mine at a discount rate of 5%, and at a discount rate of 3%
Explain what it does in your own words?
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