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Question - The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. During the current period 10,000 pounds were used in production and 11,500 pounds were purchased. The standard quantity for actual units produced is 9,900 pounds. The direct materials efficiency variance is:
A) $1,175 favorable
B) $16,800 unfavorable
C) $1,175 unfavorable
D) $1,050 favorable
Assuming that investments A and B are equally risky and using the 4% discount rate, apply the present value technique to assess the acceptability.
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The following information relating to North Point Ltd is available. In this task you are required to: Record the above transactions in the appropriate journals
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UJ Gas is a utility that has followed a policy of increasing dividends every quarter by 5 percent over dividends in the prior year. The company announces that it will increase quarterly dividends from $1.00 to $1.02 next quarter.
Prepare accrual basis journal entries for each transaction. Be sure to categorize each account as an Asset (A), Liability (L), Stockholders' Equity (SE), Revenue (R), or Expense (E) and check that debits equal credits for each journal entry. Also, ca..
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