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The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units.
Calculate the total prime cost for last week. Calculate the per-unit prime cost. Also calculate the total conversion cost for last week. Calculate the per-unit conversion cost.
Sales returns and allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $14,100. Prepare the adjusting entry necessary as a result of the physical count.
Dean signed an agreement to sell the plant for $350,000 January 1 year 10 and Lease it back for $15,000 per year, deans incremental borrowing rate is 6%. Present value factors for annuity
what is a steering committee and what role can they play in planning for the acquisition of new computers. what
How would we find out the cost of normal spoilage so that we can record it in general ledger? How would we fin out the cost of normal spoilage so that we can record it in general ledger
Based on an auditor's initial assessment of a potential client, the entity's financial statements appeared to be materially misstated over a period of years because revenue/income related journal entries were inappropriately posted to various acco..
What are examples of irregular items? How does a change in accounting principles affect the financial statements? Who in the organization is responsible for the application of a change in an accounting principle? Why?
Journalize the following transactions using the allowances method of accounting for uncollectible receivables.
the company recorded revenues of $250,000, expenses of $190,000, and paid dividends of $20,000. What was Henson's retained earnings at the end of the year?
Each unit requires 20 minutes of direct labor. If 13,200 units were produced, what was the fixed overhead spending variance?
Variable costs for Foley, Inc. are 25% of sales. Its selling price is $80 per unit. If Foley sells one unit more than break-even units, how much will profit increase?
What are the different types of dividends that corporations may issue? When should a corporation pay dividends? Would you prefer a stock dividend or a cash dividend? Why?
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