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Question - The following data relate to labor cost for production of 12,000 computers:
Actual: variable factory overhead $650,000
Fixed factory overhead 78,000
Standard: 32,000 hours at $21 672,000
If productive capacity of 100% was 50,000 hours and the factory overhead cost budgeted at the level of 32,000 standard hours was $700,080, determine the variable factory overhead controllable variance, fixed factory overhead volume, and total factory overhead cost variance. The fixed factory overhead rate was $1.56 per hour.
nebraska mining company mines an iron ore called alpha. during the month of december 400000 tons of alpha were mined
the following selected data was retrieved from the walmart inc. financial statements for the year ending january 31
kenny harrison corp. a capital goods manufacturing business that started jan 4 2008 and operates on a calendar- year
ace products sells its products for 22 each. unit manufacturing cost are direct material 4 direct manufacturing labour
Apollo Shoes is satisfied with the services your firm offers and wants to continue with the audit. Apollo Shoes would like you to prepare a letter explaining how you plan to begin the audit process.
Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO
Office-Brite Cleaning Services, LLC, provides cleaning services for office buildings. The firm has 10 members in the LLC, which did not change between 2008 and 2009. During 2009, the business expanded into four new cities.
Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods. (Note:For average-cost, rou..
Is Sanchez Printers proceeding legally by requiring its employees to work extra hours without compensation to make up for the hours lost on the Friday holiday? Explain.
Bob's Auto manufactures cars and currently uses only 50% of its manufacturing facility to make 30,000 cars per year
hillary hornes is admitted to the partnership of reagan amp navon. prior to her admission the partnership books show
tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires two
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