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Calculate variable cost variances explain results. The standards for one case of liquid weed killer are:
During the week ended May 6, the following activity took place:2,910 machine hours were worked.11,400 lb of raw material were purchased for inventory at a total cost of $80,940.1,900 cases of finished product were produced.9,260 lb of raw material were used.4,420 labor hours were worked at an average rate of $14.35 per hour.$12,513 actual variable overhead costs were incurred.Required:Calculate each of the following variances and provide plausible explanations for the results:a. Price variance for raw materials purchased.b. Raw materials usage variance.c. Direct labor rate variance.d. Direct labor efficiency variance.e. Variable overhead spending variance.f. Variable overhead efficiency variance.
Find what is the overall completion percentage for WIP as to direct materials at end of the period?
Calculate and enter the adjustment amounts directly in the missing Adjustments columns and prepare each adjusting journal entry calculated in Requirement Date the entries and include explanations.
transaction analysis and statements. congress authorized the flood control commission to start operation on october 1
betty is a 12 year old girl. betty has a doll collection worth about 100. one problem betty hates dolls but she likes
Prepare an entry to allocate over- or underapplied overhead to Work in Process.
Identify the elements that should be addressed in the partnership agreement both from a business standpoint and from an accounting standpoint.
justin and greg are forming the gj partnership. greg contributes 500000 cash and justin contributes non depreciable
Compute the total variable cost and total fixed cost for each expense category for last year. The treasurer believes that in the coming year, the electricity rate will increase by $0.005 and the repairs rate.
Determine the amount of Chow's deficiency and determine the amount distributed to Fuentes, assuming Chow is unable to satisfy the deficiency.
Cash flows from operating activities-indirect method - deducted from net income in determining net cash flow from operating activities by the indirect method:
Prepare a gross margin income statement and a contribution margin income statement
Compute the predetermined overhead rate using traditional costing with machine hours as the basis and what is the manufacturing cost per stairway under traditional costing?
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