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1) Sarah Aiken is the owner of Pretty Paws, a dog-grooming service. At standard, it takes 1 hour to groom each dog. During the month of October, it took Pretty Paws employees 345 hours to groom 300 dogs at a total labor cost of $6,072. In November, employees spent 355 hours to groom 310 dogs at a total labor cost of $6,313.50; in December, 360 hours were used to groom 330 dogs at a total labor cost of $6,532.The wage rate standard for groomers is $17.75 per hour.
Required:
a. Calculate the labor rate and efficiency variances for each of the past three months.
b. What trends can you spot regarding the variances over the past three months? What might be a cause for the labor rate variance? What might be a cause for the labor efficiency variance?
1if you were given complete authority how would you propose that generally accepted accounting principles gaap should
1.In the previous chapters, we considered different allocation methods and considered which one might be "better."
Cash receipts budget. Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows:
Critically review the above. Do you agree, partly agree or disagree with the issues raised in the above? Discuss your reason (s) for doing so. You need to support your viewpoint with carefully chosen and authoritative evidence.
College Supply Company (CSC) makes three types of drinking glasses: short, medium, and tall. It presently applies overhead using a predetermined rate based on direct labor hours.
Calculate the target cost for maintaining current market share and profitability.
Compute the partners shares of profits and losses under each of the plans - prepare the partnership income statement for the year.
Materials purchased on account: Materials requisitioned and Factory labor used:
The facilities currently used could be used to make 5,000 units of a product that would contribute $5 a unit to cover fixed expenses.
How can I assign the total 2014 manufacturing overhead costs to the two products using activity based costing (ABC) and determine the overhead cost per unit.
On January 1, 2013, Poole Company had a balance of $178,000 in its Land account. During 2013, Poole sold land that had cost $71,000 for $95,000 cash.
What is the present value of $600 per year for five years if the required return is 10 percent (answer using Table 2 in Appendix B).
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