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Assume you are setting standard materials costs for a pizza restaurant.Use the example of a medium sized cheese pizza. How would you determine what standard materials cost should be?
2. Same question but take standard direct labor costs.
3. Did you think about any problems such as a worker dropping a pizza, someone ordering carryout but then not picking it up, etc.? Should those costs change the standard costs? Why or why not?
4. Suppose you have a favorable materials price variance and an unfavorable direct labor time variance. How could these two be related?
Management estimates that it costs $500 to analyze and close a commerical loan. This amount has been included in the $250,000 of inderict costs. How much of the $250,000 indirect costs should be allocated to the Consumer Department?
carl and carol have salaries of 14000 and 22000 respectively. their itemized deductions total 6000. they are married
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presented below is pre-tax financial information of the mickey corporation for 20x8.cost of goods
On April 1, 2004, Norcross Corporation purchased a new machine for $550,000. At the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $25,000.
Prepare in general journal form the entry necessary to correct the books for the transaction in part 1 of this problem, assuming that the books have not been closed for the current year. Compute the net income to be reported each year 2007 through..
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If a customer pays her bill after her account has already been written off, the company receiving the payment should record the account reinstatement with:
locate the financial statements of a company you are interested in. look at the companys balance sheet what are the
The new method. Williams Company experiences a 40% tax burden. Which one of the following entries would the company make to record this change?
A firm has annual credit sales of £5,000,000 and an average collection period of 52 days. What is its average debtors balance, assuming a 365 day year.
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