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1. Check your worksheet by changing revenue in cell D4 to $16.00; the cost of ingredients in cell D5 to $6.50; and wages and salaries in cell B6 to $10,000. The activity variance for net operating income should now be $850 U and spending variance for total expenses should be $410 U. If you do not get these answers, Locate the errors in your worksheet and correct them.
a. Find the activity variance for revenue? Describe this variance. b. Find the spending variance for the cost of ingredients? Describe this variance. 2. Revise the data in your worksheet to reflect the results for the subsequent year: Using the flexible budget performance report, briefly estimate the company's performance for the year and show where attention should be focused.
At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Will asset for the year be overstated or understated?
Can the payee of a negotiable instrument be a holder in due course and Against whom can the maker of a note successfully assert a personal defense?
A. identify two users, besides jones, of the financial information contained in the financial statements of the business
Prepare the stockholders’ equity section of the company’s balance sheet at the end of the current year. Assume Resisto Systems’s common stock is trading at $ 24 per share and its preferred stock is trading at $ 107 per share at the end of the curre..
Purchased inventory that cost $2,200 on account from Blue Co. under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $110 were paid in cash.
What is the break-even volume in units? In sales dollars and Calculation of Break even volume in units
Prepare a cash budget for September, October, and November for Apache Arts Company. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required.
What are some accounting changes that a firm should make if it decides to implement a JIT inventory management system? Why are those changes necessary and what is the justification for using backflush costing
Assuming the company uses variable costing, calculate Polk's manufacturing cost per unit for 2012 and the parts of this question must be completed in order. This part will be available when you complete the part above.
q. fantastic futons manufactures futons. the evaluated number of futon sales for the first three months of 2010 is as
question the subsequent information relates to property equipment and plant held by black limited as at 30 june 2010
find you have check #1234 for $15.00, #1235 for $9.23, and #1236 for $22.50 and two deposits of $123.56 and $156.78 as outstanding. What balance should appear in your checkbook register?
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