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Munich Ltd. uses a combined overhead rate of $ 2.90 per machine hour to apply overhead to products. The rate was developed at an expected capacity of 264,000 machine hours; each unit of product requires two machine hours to produce. At 264,000 machine hours, expected fixed overhead for Munich Ltd. is $ 250,800. During November, the company produced 11,960 units and used 24,300 machine hours. Actual variable overhead for the month was $ 47,100 and fixed overhead was $ 20,000. Calculate the overhead spending, efficiency, and volume variances for November.
dickinson inc uses a balanced scorecard. one of the measures on the scorecard is the percentage of revenue from repeat
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?
which of the following statements concerning audit evidence is true?a clients accounting data can be sufficient audit
Explain why the quantity purchased is used in computing the direct materials price variance, but the actual quantity consumed is used in computing the direct materials quantity variance.
1.the fixed overhead cost variance can be further subdivided into thea.price variance and the efficiency
harmon household products inc. manufactures a number of consumer items for general household use. one of these products
Barry owns a 25% interest in a continuing partnership. the partnership distributes a $20,000 year-end cash bonus to all the partners. in a proportionate nonliquidating distribution, the partnership also distributed property (basis of $2,000; fair ..
ceradyne projects its factory rent to be 6000 in august when 8600 units are expected to be produced. if rent is a fixed
Equipment with an estimated market value of 75,000 is offered for sale at 95,000. the equipment is acquired for 30,00 in cash and a not payable of 50,000 due in 30 days the amount used in the buyers accounting records to the acquired asset is what..
Cooper Co. issued 5,000 shares of its $5 par value common stock in exchange for a tract of land owned by Wallowitz Inc. Wallowitz had originally listed the land for sale at $165,000. The stock price on the exchange date was $30 per share. How much..
dan smith is a certified human resource manager who serves on the board of a local professional association of human
on february 3 the teel corporation enters into a subscription contract with several subscribers for 5000 shares of 10
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