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Ed Koehler started Great Southern Furniture five years ago to assemble prefabricated bedroom furniture for large hotel chains. Hotels purchase furniture (beds, night stands, and chests of drawers) from manufacturers who ship the furniture to the hotels unassembled. Koehler sends a site supervisor and a small crew of employees to the hotel. The site supervisor first hires additional local employees to help assemble the furniture and then trains them. The locally hired employees along with the small crew of Great Southern employees assemble the furniture at the hotel. This significantly reduces the shipping charges and damage to the furniture. Before sending a crew to the site, Koehler has a crew in his office assemble several sets to make sure there are no problems and also to estimate the expected time required to assemble the particular furniture. The 500-room Hyatt opens in Tampa and Koehler sends a crew to assemble the 500 bedroom sets. He establishes that 4.5 hours are required to assemble one complete room and the estimated cost per hour is $22. Upon completing the job, the crew reports they had total wages of $49,693 for 2,170 hours worked. Required: Write a report evaluating the performance of the crew at the Hyatt in Tampa.
what is the potential impact of the increased fines on the content of the accounting reports of firm in the pharmaceutical industry, particularly in relation to accounting information? (case study: drugs code set to get tougher by Emma Connors)
If the price per unit differs from the standard price per unit for direct materials, the variance is:
At the end of its first year, the trial balance of Wooster Company shows Equipment $32,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense.
the company had an accounts receivable balance of 60000 and an allowance for uncollectible accounts balance of 550
the charges to work in process-assembly department for a period together with information concerning production are as
Assuming that the appropriate rate of interest is 9%, to whom should Betta sell the land? Show calculations.
shown below are selected data from the balance sheet of compros a small electronics store cash 75 accounts receivable
Significant returns each year. To ensure proper recognition of revenues, how should publishing companies account for these returns?
frisch fish corp expects net income next year to be 599000. inventory and accounts receivable will have to be increased
shawnxu enterprises recorded the following transactions for the just completed january 2010a.89000 in raw materials
a business ownsnbsp cows. how should the corporation record the cows are they assets to the corporation ? if so what
allocating overhead costs among products nevin company makes three products in its factory plastic cups plastic
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