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The Freedom Clothes Company produced 19,000 units during June of the current year. The Cutting Department used 3,600 direct labor hours at an actual rate of $13.00 per hour. The Sewing Department used 6,000 direct labor hours at an actual rate of $12.70 per hour. Assume there were no work in process inventories in either department at the beginning or end of the month. The standard labor rate is $12.90. The standard labor time for the Cutting and Sewing departments is 0.20 hour and 0.30 hour per unit, respectively.
Determine the direct labor rate and time variance for the Cutting Department and Sewing Department. Use the minus sign to enter favorable variances as negative numbers.
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one company purchases all of the outstanding shares of another company. the acquiring company incurs the following
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Journalize the adjusting entry required at September 30, the end of the first month of the current fiscal year, to record the accrued product warranty.
Stacy Ann Lynn, the great grand-daughter of the company's founder is the current CEO/President of the company, which is still a family owned business.
bill and darlene plan to go into business together. they anticipate losses in the first two or three years which they
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Find an article of pertinence to either current tax issues, policies, or laws, and post a link to that article in a discussion thread. Summarize the article you chose to begin the discussion.
the real risk-free rate of interest is 4. inflation is expected to be 2 this year and 4 during the next two years.
The charter of a corporation provides for the issuance of100,000 shares of common stock. Assume that 40,000 shares wereoriginally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
Frantic Fast food had earnings after taxes of $390,000 in the year 2009 with 300,000 shares outstanding. On January 1, 2010, the firm issued 25,000 new shares. Because of the proceeds from these new shares and other operating improvements, earning..
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