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Belgian Chocolate Company makes dark chocolate and light chocolate. Bath products require cocoa and sugar. The following planning information has been made available: Dark Chocolate Light Chocolate Standard Price per pound Cocoa 10 lbs 7 lbs $4.50 Sugar 8 lbs 12 lbs 0.65 Standard Labor time 0.35 hr 0.40 hr Dark Chocolate Light Chocolate Planned production 4,200 Cases 10,500 cases Standard labor rate $14.50 per hr. $14.50 per hr Belgian Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Belgian Chocolate had the following actual results: Dark Chocolate Light Chocolate Actual Production (Cases) 4,000 11,000 Actual Price per Pound Actual Pounds Purchased and Used Cocoa $4.60 1,270 Sugar 0.60 160,000 Actual labor rate Actual labor hours used Dark Chocolate $13.90 per hr 1270 Light Chocolate 14.90 per hour 4500 1. Prepare the following variance analyses for both chocolate and total, based on the actual results and production levels at the end of the budge year: a. Direct Materials price, quantity, and total variance b. Direct labor rate, time, and total variance 2. Why are the standard amounts in part 1 based on the actual production for the year instead of the planned production for the year?
petrenko corporation has outstanding 2240 1000 bonds each convertible into 50 shares of 14 par value common stock. the
Variable manufacturing cost $12,00 per spit Ziglar's produced 20,000 sip-its during March. how much is the flexible budget for total manufacturing cost for march?
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Applying the carryback provisions in the tax law, compute the net amount of taxes paid (amounts paid less refunds) for the ten-year period ending December 31, 2011
in a 2-3 page paper complete the case below and submit to instructor. review the income statement for uden supply
Provide a sector/industry analysis and narrative to start a health food cafe that serves whole food and organic food. Please also include sources.
The Very Poor Company is involved in making installment sales whose probability of collection is extremely low. Accordingly, it has elected to use the cost recovery method. Information regarding the years 19A and 19B.
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Streak Merchandising Company expects to purchase $ 60,000 of materials in July and $70,000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase,
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