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The following labor standards have been established for a particular product:
Standard hours per unit 1.7 hours
Standard labor rate $11.50 per hour. By the end of the period 37,300 units of product had been produced. To produce this output 65,000 hours had been worked at an actual cost of $780,000. Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month?
Prepare the entries if any on each of the three dividend dates. How are dividends and dividends payable reported in thefinancial statements prepared at December 31
Sure Tea Co. has issued 7.2% annual coupon bonds that are now selling at a yield to maturity of 10% and current yield of 9.9987%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to 2 decima..
The material price variance was 1370 favorable and find the standard price per kilogram for raw material?
the following selected transactions relate to provisions orcontingencies of classical tool makers inc. which
Prepare an income statement for the year ended December 31,2009. Prepare a retained earnings statement for the year endedDecember 31, 2009
Silva Corporation reported net sales of $240,000, $420,000, and $540,000 in the years 2007, 2008, and 2009 respectively. If 2007 is the base year, what is the trend percentage for 2009?
Assume the British pound appreciates against the dollar while the Japanese yen depreciates against the dollar. Which of the following is true?
Describe the differences between the three types of audits in terms of their scope and taxpayer type.
EM Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000. What is EM's break-even sales volume? $660,000 $1,540,000 $1,600,000 $2,020,000.
Prepare a statement of cash flows using the indirect method.
on january 1 2012 graham company purchased a new machine for 2800000. the new machine has an estimated useful life of
The Bird Toy Company manufactures a line of dolls and a doll dress sewing kit. Demand for the dolls is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year.
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