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Wissota Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $6 per hour. During February, Wissota Co. spent $56,700 for variable overhead. 9,150 labor hours were used to produce 2,400 units. How much is variable overhead on the flexible budget? A.$57,600 B. $56,700 C.$54,900 D.$14,400 2. The direct material quantity variance is the difference between the actual quantity and the standard quantity of materials multiplied by the actual price. A.True B.False 3.A standard cost system initially records manufacturing costs at the standard rather than the actual amount. A.True B.False
4. The balanced scorecard attempts to focus managers' attention on more than just financial measures. True False 5. MUSC Company has two divisions, South and East. South produces a unit that East could use in its production. East currently is purchasing 50,000 units from an outside supplier for $50. South is operating at less than full capacity and has variable costs of $27 per unit. The full cost to manufacture the unit is $38. South currently sells 450,000 units at a selling price of $54. If an internal transfer is made, variable costs of $2 shipping and administrative could be avoided. What would be the maximum transfer price?
Based on these data, the per-unit dollar advantage or disadvantage of purchasing from the outside supplier would be:
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what makes a contribution income statement unique? discuss how a contribution income statement could be used to improve
Gamma Corporation, as S corp. has a fiscal year ending 03-31. It is required to switch to a calendar-year tax year. How many months of income would a calendar-year taxpayer be required to report in the year of change?
If Department H had 600 units, 60% completed, in process at the beginning of the period, 8,000 units were completed during the period, and 500 units were 30% completed at the end of the period,
Determine the amount of depletion expense for the current year. Illustrate the effects on the accounts and financial statementsof the depletion expense.
Research and development costs for projects other than software development should be:
What is the total amount of interest Jason's Deli earned from the loan to Mark Johnson?
High-volume retailers generally use the retail method for valuing inventories Instead of the various cost methods. Identify and evaluate the conditions that may distort the results under the retail method.Compare the advantages of using the retail..
Weiser Corp. on January 1, 2007, granted stock options for 40,000 shares of its $10 par value common stock to its key employees. The market price of the common stock on that date was $23 per share and the option price was $20.
the following information is available actual inputs for actual price each unit of output per unit of input direct
sonne company produces a perfume called whim. the direct materials and direct labor standards for one bottle of whim
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