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The cost accountant for a drug company has informed you that the company's materials quality variance for a Allegra was exactly equal to its materials price variance for the year. The company's normal level of prodcution is 50 batches of Allegra per year. However due to uncertanties regarding foundation funding, it produced only 25 batches during the currnet year. Other cost information regarding Allegra's direct materials are as follows:
Standard price per gram of material..........................................$60 Actual kilograms purchased & used drungthe year................100 kg Actual cost of materials purchased duringthe year..................$6,000,000Number of grams perkilogram.................................................. 1,00grams
a. Compute the compnay's material price varianceb. Compute the standard quality of materials allowed per batch of Allegra produced.c. Why would you not expect the company to have a large quantity variance
Calculate both the unit contribution margin and contribution margin, and prepare a contribution margin statement.
Net operating income would increase by $51,830 per year. Net operating income would decline by $36,330 per year. Net operating income would increase by $20,830 per year. Net operating income would decline by $15,500 per year.
Identify at least two different accounting careers that you would like to pursue. What excites you about these careers?
Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $69..
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What are the combined total department costs for the producing departments after allocating the service department costs?
When normalizing operating results, non-recurring expenses that are reported within SG&A, CGS or other expense line items on a company's income statement:
recording transactions affecting the enterprise fund and business-type activitiesthe city water utility is owned and
the shareholders equity section of valade corp.s balance sheet isa. how many shares of common stock were
Give the necessary entries for 2011 assuming all payments after the initial payment are made on December 31.
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