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Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is .2 hours and .1 hours, respectively. The standard direct labor rate per hour is?
On December 31, the balance in the Prepaid Advertising account was $176,000. This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equally over each month how m..
Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO and which costing method produces the highest ending inventory valuation?
marina manufacturing is considering buying new equipment for its factory. the new equipment will reduce variable labor
The transaction gain or loss to be recognized over the term of a forward exchange contract entered into to speculate in a foreign currency within a fiscal year is measured by the difference between the:
use excel and the data provided below to calculate the price of the bond and create an amortization schedule similar to
a total of 30000 units were sold last year. the contribution margin per unit was 2 and fixed expenses totaled 20000 for
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rustic interiors an interior design company has experienced a drop in business due to an increase in interest rates and
sweeten company had no jobs in progress at the beginning of march and no beginning inventories. it started only two
What Is the maximum amount of these expenditures that Egret can deduct in 2011?
Calculate the required rates of return for these three stocks using the CAPM - The estimated betas for AOL Time Warner
The modified accrual basis of accounting is used in presenting the fund financial statements of the governmental funds because:
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