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H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: standard Quantity Standard Price Whole Tomatoes 2400 lbs $.45/lb vinegar 160 gal 2.75/gal Corn syrup 14 gal 10/gal Salt 62 lbs 2.50/lb The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-54 were as follows: 2540 lb of Tomatoes 164 gal of Vinegar 13 gal of corn syrup 60 lbs of salt Determine the direct materials quantity variance for batch K-54. Round all per unit answers to the nearest whole cent. Use the minus sign to enter favorable variances as negative numbers. Quantity Materials Quantity Variance 2,540 $ ??? 164 $ ??? 13 $ ??? 60 $ ??? Total direct materials quantity variance: $ ???
After all bills for the party were paid, the total came to $2,315. Details are $575 for hotel room rental, $640 for food, $750 for entertainment, and $350 for decorations. 100 persons attended the party. What is the main reason for the unfavorable..
chesapeake sailmakers uses job order costing. manufacturing overhead is charged to individual jobs through the use of a
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O.K. Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. O.K. expects to incur $800,000 of overhead during the next period, and expects to use 50,000 labor hours at a cost of $10.00 per ho..
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x corp. had 400000 shares of 30 par cs and 40000 shares of 100 par 6 cumulative convertible ps outstanding for the
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