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For the stamping department of a manufacturing firm, the standard cost for direct labor is $12 per hour, and the production standard calls for 1,000 stampings per hour. During June, 168 hours were required for actual production of 148,000 stampings. Actual direct labor cost for the stamping department for June was $2,184.
Complete the following performance report for June: (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)
Calculate the direct labor efficiency and rate variances for June. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)
The firm also reports a currency translation gain of $8.9 million as part of other comprehensive income. Calculate the firm's core operating income (after tax) and core percentage profit margin. The firm's marginal tax rate is 39 percent.
Conversion cost per unit equals $9.00. Total materials costs are $60,000. Equivalent units are 20,000. How much is the total manufacturing cost per unit?
dolphin company uses special strapping equipment in its packaging business. the equipment was purchased in january
marcel co. is growing quickly. dividends are expected to grow at a 24 percent rate for the next 3 years with the growth
the company with the common equity accounts shown here has decided on a two-for-one stock split. the firms
per the text a u.s. parent company doesnt include the income of the foreign subsidiary till the income is repatriated
Greenspan Company management predicts $500,000 of variable costs, $800,000 of fixed costs, and a pretax income of $100,000 in the next period. Management also predicts that the contribution margin per unit will be $60.
What relevant circumstances would justify finite uniformity rather than rigid uniformity for revenue recognition, and which approach is used in practice?
two charges 5 times 10?8 c and ?3 times 10?8 c are located 16 cm apart. at what points on the line joining the two
What was the average issue price of the common stock shares?
Michele's stock has a basis of $11,000 and Wally's stock has a basis of $26,000. How is the distribution treated for tax purposes?
Which of the following entries would correctly record the charging of direct labor costs to Work in Process given an unfavorable labor efficiency variance and a favorable labor rate variance?
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