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1. Martin Company makes plastic garbage bags. One box of bags requires one hour of direct labor at an hourly rate of $6. The company produced 200,000 boxes of bags using 208,000 hours of direct labor at a total cost of $1,144,000.
Required ? Compute the labor variances
2. Writing Assignment
The chief executive officer (CEO) of Rigid Plastics Corporation remarked to a colleague, “I don’t understand why other companies waste so much time in the budgeting process. I set our company goals, and everyone strives to meet them. What’s wrong with that approach?” In groups of two or three students, write a memorandum to your instructor stating whether you agree with this comment or not and explain why. The heading of the memorandum should contain the date, to whom it is written, from whom, and the subject matter.
What is the smallest value of N (the life of the system) that can exist such that the probability of getting 15% internal rate of return or greater is 0.90?
AC491 Financial Accounting, Reporting and Disclosure. Prepare a draft income statement of Kalama Ltd for the directors of the company for the year ended 31 December 2013 and the statement of financial position (balance sheet) at that date
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Compute the company's total asset turnover ratio for three years reported. What does the trend suggest to you about American Eagle Outfitters?
Prepare an unadjusted trial balance, listing the accounts in their normal order and inserting the missing figure for cash.
Estimate the ratio slide from the presentation (Let's Estimate some Ratios for Ruckman (GAAP)). Follow the presentation and complete the second table (Let's Estimate some Ratios for Ruckman (IFRS).
Evaluate total manufacturing overhead for the year
H Company needs to pay a supplier's invoice of $60,000 and wants to take a cash discount of 2/10, net 40. The firm can borrow the money for 30 days at 11% per annum. Assume a 360 day year. What is the amount H Company must borrow to pay the supplier..
Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.) Prepare the intangible assets section of the balance sheet.
In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
Describe Uncollectible Receivables. What are the two methods of accounting for uncollectible receivables?
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