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General Manufacturing Co. produces a strength and stamina enhancing beverage called stengamina.. The company has developed the following standards related to the manufacture of the beverage.: Standards: DM: Quantity 2 pints $4/pint DL: Quantity 30 Minutes $8/hr The following overhead budgeted overhead amounts were developed based on the company's expectation to work at the 10,000 direct labor hour level of activity and produce 20,000 bottles of product. Overhead is applied on the basis of direct labor hours. VOH: $40,000 Fixed OH: $20000 Actual output: 18000 bottles DM: 38000 @ $3.75/bottle DL:9100 @ $8.10/hr Actual VOH: $35700 Actual fixed: $21300 1.compute the standard costs of ONE unit of product. 2. Prepare a flexible budget for output of 18,000 20,000 and 22,000 units. 3. Prepare a flexible budget performance report for the actual level of production for the production costs. 4. Standard quantity of materials for actual output: 5. Standard quantity labor hours for actual output: 6.Compute direct materials price and quantity variances. 7. Compute direct labor price and efficiency variances. 8.Compute variable overhead spending and efficiency variances. 9.Compute fixed overhead spending and volume variances.
Prepare the journal entry for Sorter Company to write off the Ordonez receivable. When writing the journal entry use Dr. for debit and Cr. for credit.
What are the dividends received bu the preferred stockholders in 2011?
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A pension asset is reported when: a. the accumulated benefit obligation exceeds the fair value of pension plan assets. b. the accumulated benefit obligation exceeds the fair value of pension plan assets, but a prior service cost exists.
Gordon paid the $10000 balance of his federal income tax three months late. Ignore daily compounding of interest. Determine the interest rate that applies relative to this amount.
on june 3 bolton company sold to arquette company merchandise having a sale price of 2000 with terms of 210 n60 f.o.b.
You read their annual reports and both companies had established a goal of having a net profit equal to 15% of total assets:
Mary Close is the bookkeeper for Mendez Company. Mary has been trying to get the balance sheet of Mendez Company to balance. Mendez's balance sheet
foulds company makes 13000 units per year of a part it uses in the products it manufactures. the unit product cost of
Local advertising decisions are made at the store manager level. The sales manager''s salary in Savannah is determined by the Savannah store manager, in contrast, store manager salaries are set by Piedmont Noveltie''s vice president.
how would you paraphrase the definition of equilibrium price?equilibrium price occurs when supply and demand quantities
A company has a return on common stockholders' equity of 22%. Net income is $600,000 and average common stockholders' equity is $2,500,000. What is the amount of preferred dividends?
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