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Practice questions:
A manufacturing company has set a standard price for materials of £100 per kilo and anticipates that it will make 4 units from 1 kilo of materials. The actual production is 200 units and 52 kilos of materials are used at a price of £98 per kilo.
Calculate all the material variances and discuss the possible reasons for them.
financial statements. here are the 2008 and 2009 incomplete balance sheets for nobel oli corp.nobel oil corp.balance
Compute the ROI for the division without the investment. Compute the ROI for the division with the new investment. Do you think the division manager will approve the investment?
Both nondeductible contributions to a traditional IRA and contributions to a Roth IRA are similar in the sense neither provides a tax deduction at the date of contribution. Which of the two types would be most advantageous to taxpayers, and why? Your..
The debit to Cash short and over would be: Which of the following would be included in a journal to record an NSF check? Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit. Early in the month, the..
Show proper accounting treatment of the $273,000 ($714,000 - $441,000) by which the cost of first machine exceeded the cost
Easton can currently purchase the scooters it makes from another company. If the company purchases the scooters, Easton would still continue to use its own logo, sales staff, and advertising programs. Which of the following costs would be classified ..
Which of the following is correct when bad debt expense is recorded at year-end?
Is this ethical? Jim is uncertain about the appropriateness of this from a legal and ethical perspective. Give your opinion and explain the ethical implications of making the purchase.
major changes have occurred for financial reporting for business combinations. these changes are documented in sfas no.
Determine the current ratio for 2006, Calculate the quick ratio for 2006 and Calculate receivable turnover for 2006.
Provide an assessment of the accountant's ethical responsibilities in the case situation.
According to the previous year, if in August the exchange rate was 3.30 per Suns Dollars and today is 3.20, how much will be won or lost today?
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