Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. Use the data for questions 10 to 14.Standard Quantity Price Cost Direct materials 8 pounds $1.80 p/ pd $14.40 Direct labor 0.25 hour $8.00 p/ hr $2.00 During May, Arrow purchased 160,000 pounds of direct material at a total cost of $304,000. The total direct labor wages for May were $37,800. Arrow manufactured 19,000 units of product during May using 142,500 pounds of direct material and 5,000 direct labor hours. The direct material price variance for May is : Answer $16,000 unfavorable. $14,250 favorable. $16,000 favorable. $14,250 unfavorable. Q11 The direct material quantity variance for May is: Answer $17,100 unfavorable. $14,400 unfavorable. $17,100 favorable. $1,100 favorable. Q12 The direct labor rate variance for May is: Answer $2,090 favorable. $2,200 favorable. $2,000 unfavorable. $1,900 unfavorable. Q13 The direct labor efficiency variance for May is: Answer $2,000 favorable. $2,200 favorable. $1,800 unfavorable. $2,000 unfavorable.
What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project?
Discuss whether or not you believe human capital should be assessed and reported in the financial statements. Identify how you are defining human capital.
What are the Euro Currency Markets and how is it employed in global financing operations and explain its importance in manageing risks?
Kendra Brown, a sole proprietor, acquires a new five-year asset on April 17, 2014, for $480,000. This is the only asset acquire by Kendra during the year. Kendra does NOT elect §179 and elects out of bonus depreciation. On September 1, 2014..
Arantxa Corporation has outstanding 20,000 shares of $5 par value common stock. Prepare Arantxa's journal entries to record these transaction using the cost method.
barry and his wife mary have accumulated over 4 million throughout their 45 years of the marriage. theyve three
Gordon Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5% annual interest.
Three months later, after Smith & Jones has continued performing under the contract, the E-Business board of directors tells the accountants that it is canceling their contract. Smith & Jones files a suit against Dan and E-Business, alleging breac..
The Butterfly Corporation had the following information that pertained to its March budget.
Based on this information, what type of adjusting entries does Ritz manor have? how are amounts of these adjustment determined? Which accouts are affected?
lance berkman is the controller of saturn a dance club whose year end is december 31. berkman prepares checks for
Expected sales are 40,000 units; expected production is 50,000 units; practical (maximum) capacity is 100,000 units. If Tayla Industries uses a normal costing system and a plantwide predetermined overhead rate, the budgeted overhead per unit is:
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd