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Silmon Corporation makes a product with the following standard costs:
In June the company produced 4,200 units using 21,830 grams of the direct material and 2,580 direct labor-hours. During the month the company purchased 24,100 grams of the direct material at a price of $6.80 per gram. The actual direct labor rate was $14.60 per hour and the actual variable overhead rate was $3.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase a. Direct materials quantity variance b. Direct materials price variance c. Direct labor efficiency variance e. Direct labor rate variance d. Variable overhead efficiency variance f. Variable overhead rate variance
During 2010, one of the customers of Klote company declared bankruptcy. This customer had been a major purchaser of Klote's products and had owed $40,000 on account to Klote (a material portion of its receivables) at the time of bankruptcy.
lhu corporation makes and sells a product called product wz. each unit of product wz requires 3.8 hours of direct labor
What are the income and FICA tax consequences if $325,000 is determined to be excessive wages by the IRS? Assume Joe is in the 35 percent marginal tax bracket and JS Corporation is in the 34 percent marginal tax bracket.
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in a minimum 200 word response describe some ways how the public has responded to the october 2001 usa patriot act. has
what is the importance of the statement of cash flows? how does this differ from the information provided by the income
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