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Magno Cereal Corporation uses a standard cost system to collect costs related to the production of its "crunchy pickle" cereal. The pickle (materials) standards for each batch of cereal produced are 1.4 pounds of pickles at a standard cost of $3.00 per pound. During the month of August, Magno purchased 78,000 pounds of pounds at a total cost of $253,500. Magno used all of these pickles to produce 60,000 batches of cereal. What is Magno's materials quantity variance for the month of August? (Points : 2) $1,500 unfavorable $18,000 favorable $19,500 unfavorable $54,000 unfavorable.
Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year and calculate the total cost per unit for each month
1. compute the total cost of units transferred out using the weighted-average method.2. compute the total cost of units
Q.1 Identify advantages and/or disadvantages of allowing managers to set transfer prices through negotiation. Any combination totaling three advantages and/or disadvantages is acceptable, just clearly identify which is which.Q,2
Redrafting contribution Margin statements - Electricity cost is only for lighting a rather large area of land for play at night and is always on after sunset regardless of how many shooters are on site.
Review the stockholders equity section in your chosen company's most recent year-end balance sheet and compare that with the figure of second company. Compare percentage increase or decrease. Compare percentage increase or decrease.
Explanation of any background information and/or further description of loan types selected
questiondan barnes financial manager of ski casts is requesting a line of credit from the companys bank. the company
Prepare an adjusted trial balance and prepare an income statement, a statement of retained earnings, and an unclassified balance sheet.
The comprehensive budget plan linking all the individual budgets related to sales, cost of goods sold, operating expenses, projects, capital expenditures and cash is known as the:
2011 Jan. 2 Purchased 80,000 shares of Bushtex Co. common stock for $544,000 cash plus a broker's fee of $3,400 cash. Bushtex has 160,000 shares of common stock outstanding and its policies will be significantly influenced by Kash
Wine and Roses, Inc. offers a 9.0 percent coupon bond with semi annual payments and a yield to maturity of 9.78 percent. The bonds mature in 7 years. What is the market price of a $1,000 face value bond?
Kleinfeld Manufacturing sponsors a defined-benefit pension plan. The corporation’s actuary provides the following information about the plan. Prepare a pension worksheet for 2014 in EXCEL. Include in the worksheet the calculation of pension expense, ..
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