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For material A whose original standard consumption is 800 units at $24 as well as its actual consumption is 640 units at $ 26.Similarly for material B whose original standard consumption is 400 units at $ 20 as well as its actual consumption is 520 units at $ 20.It is decided to revise the standard consumption of material A to 680 and that of material B to 40 units to improve the quality of the product.Calculate material mix variance using Original Standard Mix Ratio, Revised Standard Mix Ratio.
the press report carried the following news item general motors ford and chrysler are expected to post losses on
Accountants prefer the variable costing method over absorption costing method for evaluating the performance of a company because
Many companies use a balanced scorecard for performance evaluation. The balanced scorecard has four business perspectives, and utilizes KPIs to evaluate performance in various areas. Which of the following KPIs would relate to the financial perspe..
determine inventory costsmary cosmetics sells specialty lipstick for a retail price of 12.25 each. mary purchases each
the controller of steam straighteners has just finished a draft of the companys year-end financial statements. he is
dvds manufactures and sells dvd players in two countries. it manufactures two models basic and custom in the same
vantage company issued bonds with a 500000 face value and a 6 stated rate of interest on january 1 2013. the bonds
During the current year, ALF Partnership reported the following items of receipts and expenditures: $200,000 sales, $10,000 utilities, $12,000 rent, $50,000 salaries to employees, $30,000 guaranteed payment to partner Lloyd, investment interest in..
for the current year creative designs inc. a c corporation reports taxable income of 300000 before paying salary to ben
managers must often decide between two or more alternatives. differential analysis is used in decision making. when
Show how to report accounts receivable on the balance sheet at December 31, 2012. Use the long reporting format illustrated in the chapter.
jimenez enterprises issued 9 8-year 2600000 par value bonds that pay interest semiannually on october 1 and april 1.
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