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Amy's Weathervane Company manufactures weathervanes. The 2011 operating budget is based on the production of 5,000 weathervanes with 1.25 machine-hour allowed per weathervane. Variable manufacturing overhead is anticipated to be $150,000.Actual production for 2011 was 5,500 weathervanes using 6,050 machine-hours. Actual variable costs were $23.75 per machine-hour.
Required:Calculate the variable overhead spending and the efficiency variances.
1. Anna transferred land with an adjusted basis to her of $20,000 and a fair market value of $56,000 to Elm Corporation in exchange for 100% of Elm Corporation's only class of stock.
Identify the above costs as variable, fixed, or mixed and calculate the expected costs when production is 5,000 units.
Which of the following would most likely use a job order costing system? ... most likely use a job order costing system?
The sales mix for products Q and Z is 20% and 80%, respectively. Determine the break-even point in units of Q and Z.
During the current year, Top sold merchandise to Bottom for $100,000. The subsidiary still possesses 40 percent of this inventory at the end of the current year. Top had established the transfer price based on its normal markup. What are consolida..
note the locations of the following page numbers are the ones printed on the pages not the page numbers of the .pdf
(a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period.
On this date the banks prime rate was 11%. The first payment for interst and principle was made on September 1 2011. At december 31 2001, Herman should record accured insterst payable.
Your contracting activity negotiated a $7,500,000 sole-source contract with the Williams Corporation about eight months ago. After the close of negotiations, Williams signed a Certificate of Current Cost or Pricing Data. During an audit for a follow-..
Sales were $15 million and actual warranty expenditures were $20,000 for the first year of selling the product. What amount should Right report as a liability at the end of the year?
anderson company uses the indirect method of preparing the statement of cash flows and reports the following
the following is a list of steps in the accounting cycle.a. post to the ledgerb. close the accountsc. analyze
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