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Pietro's Pizza has established the following standards for making one pizza: Dough: 0.65 pounds at $1 per pound Labor: 0.35 hours at $10 per hour Actual sales volume for the past month was 8,000 units. Actual dough and labor quantities and prices were as follows: Dough: 4,000 pounds (total) at $0.5 per pound Labor: 3,200 hours (total) at $13 per hour Required: (enter favorable and unfavorable variances as positive and negative numbers, without F or U) (a) What are the input price and quantity variances for dough?
input price variance = $ 1 (enter negative numbers with a minus, i.e., negative $100 is -100, not ($100))
input quantity variance = $ 2 (enter negative numbers with a minus) (b) What are the input price and quantity variances for labor?
input price variance = $ 3 (enter negative numbers with a minus)
input quantity variance = $ 4 (enter negative numbers with a minus)
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Companies the full disclosure principle should report what and which of the following post-balance-sheet events would require adjustment of the accounts before issuance of the financial statements?
On January 1, 2006, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. Prepare the journal entry at the date of the bond purchase.
Your firm wants to diversify with a new product line. The project requires an initial investment of $8,000,000 and will provide $1,890,000 in unlevered after-tax cash flows at the end of each year for 10 years.
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in year 1 joe josephs cpa reviewed lander companys financial statements. however in year 2 the lander company hired
Managerial accounting: a. has its primary emphasis on the future. b. is required by regulatory bodies such as the SEC. c. focuses on the organization as a whole, rather than on the organization's segments. d. Responses a, b, and c are all correct.
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