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1. Compute the following for August:
a. Total pounds of direct materials purchased
b. Total number of pounds of excess direct materials used
c. Variable manufacturing overhead spending variance
d. Total number of actual direct manufacturing labor-hours used
e. Total number of standard direct manufacturing labor-hours allowed for the units produced
f. Production-volume variance
2. Describe how Gallo's control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.
Explain what costs will be inventoriable for Toastie. Explain why Toastie's administrative costs would or would not be inventoriable.
Prior to liquidating their partnership, Morgan and Chow had capital accounts of $32,000 and $60,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership ass..
Those nonmembers are not required to comply with the Code. If a CPA chooses not to join the AICPA, illustrate what ethical guidelines are they to follow?"
Nick Foley $30,000 and Tom Wenger $25,000. During the year, drawings were Foley $15,000 and Wenger $8,000. Net income was $50,000, and the partners share income equally. Give the partners capital statement for the year.
suppose that you have just run out of money and are unable to move your idea from its development stage to production
Compute the average cost per serving at each of the following monthly volumes: 1,500; 2,000; 3,000; and 5,000, and find out the monthly volume at which the average cost per serving is $1.00.
An agency has single-year, multi-year and no-year appropriations. On October 15, 2014, the agency tried to create several transactions. Is the agency authorized (allowed legally) for the following? The appropriation has sufficient funding to pay for ..
What guidance does the codification provide the disclosure of research and development costs? What is the nature of the authoritative guidance for advertising costs for entertainment companies?
Instead od acquiring the plant for $31,864, assume that Cherry Ltd manufactured the plant at a cost of $29,500 before entering into the lease agreement with Hazel Ltd. Prepare a schedule of lease receipts for Cherry Ltd and the journal entries for..
The prevailing rate of interest for a note of this type on January 1, 2010, was 9%. At what amount should the gain from the sale of the building be reported?
Explain the company's existing policy regarding dividends and/or share repurchases Has the policy changed considerably over time?
Using the calculated degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in sales?
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