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Variable Overhead Variances
Assume that the best cost driver that Sony has for variable factory overhead in the assembly department is machine hours. During April, the company budgeted 490,000 machine hours and $4,000,000 for its Texas plant's assembly department. The actual variable overhead incurred was $4,200,000, which was related to 500,000 machine hours.
Do not round until your final answer. Round your answers to the nearest dollar.
(a) Determine the variable overhead spending variance.
(b) Determine the variable overhead efficiency variance.
A machine which cost $300,000 is acquired on October 1, 2014. Its estimated salvage value is $30,000 and its expected life is 8 years. Calculate depreciation expense for 2014 and 2015 by the double-declining balance method. Show all figures used and ..
Using the subsequent information from Alfred's year 1, year 2, and year 3 Schedule K-1, determine his tax basis the end of year 2 and year 3.
From a review of the last two years i.e., 2009 and 2010 annual reports of two Australian firms listed on the Australian Stock Exchange (ASX).
Rose still owes half of the amount of its purchases to Haylay, but had sold all of the inventory it had acquired from Hayley by the end of the year. What the amount of consolidated cost of goods sold at end of the year?
Hanson had buildings with a book value of $1,878,000 and a fair value of $2,160,000. What amount should be shown for buildings on the consolidated balance sheet dated December 31, 2011? 106.
Evaluate Kens gross income
Analyzing the weaknesses and financial strengths of the company
Calculate the amount of over- or under-applied overhead - what is the significance of this over- or under-applied amount of overhead?
How might a MNC use transfer pricing strategies? What are the various means the taxing authority of a country might use to determine if a transfer price is reasonable?
What industries are most severely impacted by this increase? What projects would go forward as a result, what projects would be hindered?
Discuss the role of future events in the revenue and expense recognition situations and modification of terms under troubled debt restructuring in SFAS No. 114.
Determine which of these costs are product costs and which are period costs.
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