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Bartels Corp. produces woodcarvings. It takes 3 hours of direct labor to produce a carving. Bartels' standard labor cost is $13 per hour. During August, Bartels produced 11,000 carvings and used 21,950 hours of direct labor at a total cost of $249,948. What is Bartels' labor rate variance for August?
The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000. At what amounts should each of the three assets be recorded?
lets begin by defining operational assets and identifying what they are used for in a business. also how do operational
For 2007 Mossland Corporation reported gross profit $100,000; net income of $24,000; sales $500,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 profit margin?
What is activity-based costing, and why is this approach to cost assignments superior to the traditional method of using a plantwide overhead cost rate? Does activity-based costing necessarily result in lower product costs? Defend your answer.
Allen (age 32) takes a distribution of $20,000 from his Traditional IRA account which he plans to deposit into an IRA with a different bank. During the 60-day rollover period, he gambles and loses the entire IRA balance. What income and/or penalti..
What are the typical outputs of an Accounting Information Systems? Why do system analysts begin by designing the outputs instead of system inputs?
1. budgeted overhead for haft inc. at normal capacity of 30000 direct labor hours is 3 per hour variable and 2 per hour
Which of the following is one of the components of cost accounting?
Compare and contrast how production analysis is performed and capable to evaluate production situations using economy of scale, elasticity and other analytic tools.
rembrandt paint company had the following income statement items for the year ended december 31 2013 in
a company had average total assets of 982450 and net income of 190700 and reports various segment information. segment
tthe stockholders equity section of ennis company consists of common stock 300000 and retained earnings 900000. ennis
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