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Xero Company's standard factory overhead rate is $3.75 per direct labor hour (DLH), calculated at 90% capacity = 900 standard DLHs. In December, the company operated at 80% of capacity, or 800 standard DLHs. Budgeted factories overhead at 80 percent of capacity is $3,150, of which $1,350 is fixed overhead. For December, the actual factory overhead cost was $3,800 for 840 actual DLHs, of which $1,300 was for fixed factory overhead. Suppose the use of a two-way breakdown (decomposition) of the total overhead variance, Find the factory overhead efficiency variance for December?
Determine a budget variance and a volume variance and determine a budget variance and a volume variance for fixed manufacturing overhead costs for the year
Kim is determining her retirement plan. Consider she has $500,000 when she retires in an account that earns at an effective annual rate of 9 percent.
What controls are present in this stage of handling cash receipts? What steps could be taken regularly by the manager or other supervisor to provide maximum effectiveness to these controls?
Evaluate net cash outflow results from the purchase of merchandise from the foreign customer?
The Knott Division's evaluated sales and standard cost data for the fiscal year ending Sept. 30 are as given:
Evaluating revenues, expenses and income. Fill in the blanks in the following separate income statements a through e. Check any negative amount by putting it in parentheses.
Computation of Free Cash Flow
What income amount should be used to evaluate the Alpha Store as an investment of the company?
Evaluate the optimum selling price and identify which customer group is most profitable.
Purpose a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense.
Which company is minimizing income taxes it must pay and Which company would have reported the higher net income if both companies had used the same method of pricing inventory?
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
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