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I-Time, Inc produces electronic timepieces. The company uses mini-LCD dispalys for its products. Each time piece uses one display. The company produced 550 timepieces during March. However, due to the LCD defects the company actually used 570 LCD displays during March. Each Display has a standard cost of $9.20. Six hundred displays were purchased for March at a cost of $6,000.
Determine the direct materials price variance, direct materials quantity variance, and total materials cost of variance for March. Use the minus sign to enter favorable variances as negative numbers. If required, round per unit costs to the nearest cent.
During the remainder of the year, Ramirez generates revenues of $600,000 and expenses of $360,000 and paid no dividends. On a December 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?
Based on the scenario and the knowledge gained from this section, address the following: Develop an argument for why a healthy population is particularly important for developing countries overall. Next, determine specific steps-aside from building m..
Assuming that the company's $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine the inventory's direct labor costs and its overhead costs.
Show how any deferred tax amounts should be classified and reported on the 2006 balance sheet. The tax rate is 40%.
baker winery manufactures a fine wine in two departments fermenting and bottling. in the fermenting department grapes
Financial Statement Analysis" Please respond to the following:From the first e-Activity, compute the percentage difference between the two companies with respect to operating, investing, and financing activities, and interpret the results. Discuss ho..
A company has a retention rate of 50%, sales of $25,000, beginning equity of $50,000 and profit margins of 10%, an asset turnover ratio of .75 and debt of $10,000. What is its sustainable growth rate?
Describe the accounting treatment for discontinued operations. How should an analyst treat discontinued operations?
What three ratios would you list as the most important? Why? Which ratios would external users be most interested in? Why? Which ratios would best help internal users manage the business?
although the quantity and content of audit working papers vary with each particular engagement an auditors permanent
Worthless Securities, Y purchased 30 shares of BCD corporation common stock on March 2, 2010 for $2475. On February 26,2011, Y was notified by her broker that the stock was worthless.
On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend?
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