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For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500.
Required:
a) What was the actual price per pound of the iron ?
Which of the following statements concerning the impairment of fixed assets is true under US GAAP?
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The Accountant's Role in the Organization.
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The SEC's Enforcement Division investigates possible violations of securities laws, recommends SEC action when appropriate, either in a federal court or before an administrative law judge, and negotiates settlements.
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