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Banner Company manufactures flags of various countries. Each flag has a standard of 8 square feet of fabric and 3 hours of direct labor time. Information about recent production activity follows: Actual cost of fabric: $4.50 per square foot Fabric consumed: 32,080 square feet Standard price per square foot of fabric: $4.25 Standard direct labor rate: $10.00 per hour Actual direct labor rate: $10.20 per hour Actual labor hours worked: 11,940 Actual production completed: 4,000 flags .Compute the materials price variance and the materials quantity variance.Compute the labor rate variance and the labor efficiency variance.
ten interrelated elements that are most directly related to measuring the performance and financial status of an
Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $541,000 and the total direct labor would be 33,000 hours..
the primary objective in job order costing is to determine the cost of materials labor and factory overhead used to
which one of the following is not a benefit of budgeting?it facilitates the coordination of activities.it provides
One company buys a controlling interest in another company on April 1. Explain how the pre-acquisition revenues and expenses should be handled in the consolidated balances for the year of acquisition. Explain why you feel it should or shouldn..
johnson enterprises inc. is involved in the manufacture and sale of electronic components used in small amfm radios.
On July 1, 2013, Lula Plume created a new self-storage business, Safe Storage Co. The following transactions occurred during the company's first month.
Assuming the maximum period allowable is used for patent amortization, what is Moose's patent amortization expense for 2015?
Peasant's investment account balance at teh beginning of 2006 was $581.000. during 2006 slave reports a net loss of $60,000 yet pays dividends totaling $25,000. Calculate the balance in the investment in peasant account at the end of 2006?
Should the rules be rewritten so that Coca-Cola must consolidate CCE rather than use the equity method? If so, at what level of ownership would the equity method no longer be appropriate?
Who should pay the external costs of driving? Identify the strongest two arguments in favor of such a tax and the strongest two arguments against such a tax.
What are the potential benchmarks that you could use to compare a company's financial ratios? What are the pros and cons of these alternatives?
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