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Stellar Packaging Products' controller, Robin Simmons, recently completed the direct materials and direct labor variance analyses for the current period. The direct materials price variance for plastic was unfavorable; the direct materials efficiency variance for plastic was favorable. In addition, the direct labor price variance was unfavorable; the direct labor efficiency variance was favorable.
Often variances occur simultaneously and provide insight regarding the performance for the period. Indicate one reason for each of two of these variances and ensure your explanation is interrelated, meaning the two events giving rise to the variance occurred simultaneously in a cause and effect manner.
Write a 3 to 4 sentence paragraph.
wallace inc. prepared the following budgeted data based on a sales forecast of 6000000 variable fixed direct materials
If the audit engagement team determines that the scope of the investigation is not sufficient to support the preliminary conclusions reached, what additional procedures or inquiries might the engagement team suggest?
nitsu manufacturing corporation is preparing the annual financial statements for the stockholders. a statement of cash
Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31, 2009, under each of the following inventory costing methods.
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Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified?
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Glenda received a proportionate nonliquidating distribution from the EFG Partnership. The distribution consisted of $10,000 cash and property with an adjusted basis to the partnership of $34,000 and a fair market value of $42,000.
on may 31 the inventory balances of princess designs a manufacturer of high-quality childrens clothing were as follows
questionnbspdescribe what is likely to occur if company personnel erroneously recorded a sales transaction for the
on january 1 2011 pride co. purchased 90 percent of the outstanding voting shares of star inc. for 540000 cash. the
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