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Hennings Travel Company specializes in the production of travel items, (clocks, personal care kits). The following data were so that a variance anlysis could be performed:
Forecast Data (Expected Capacity)
Direct labor hours 40,000
Estimated overhead:
Actual Results:
Direct labor hours 37,200
Overhead:
The number of standard hours allowed for actual production was 37,000.
1- Calculate the variable overhead spending variance.
2- Calculate the variable overhead efficiency variance.
3- Calculate the fixed overhead volume variance.
4- Calculate the fixed overhead spending variance.
What's wrong with this strategy if they want their kids to enjoy their wealth after they are gone? What other things can you suggest to them to minimize their gift taxes?
A single product in one department and uses a process costing system. At the start of May, there were 10,000 units in process that were 100 percent complete with respect to direct material and 60 percent complete with respect to conversion costs (..
Make the entry to record the partial refunding. Assume Grant Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
The governmentalunit's enterprise. What effect would this reclassification have on the General Fund and the Enterprise Fund, respectively?
The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital.
Compute Bell's income from Demers for the year ended December 31, 2011. Compute the non-controlling interest in the net income of Demers at December 31, 2011.
The journal entry to record accrued interest on a short-term note payable must include an increase to:
1. Prepare the journal entries to correct the errors (ignore income taxes). 2. Prepare the journal entries to record 2009 depreciation for any assets record in requirement.
Dolan Manufacturing Company's accounting records reflect the following inventories:
Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate. Your initial post should be 200 to 250 words.
please review the following real-world hewlett packard statement of cash flows and address the two questions belowcash
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