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The corporation has provided the following data concerning direct labor costs.
standard wage rate $12.20 per DLH
standard hours 5.3 DLHs per unit
Actual wage rate $11.20 per DLH
Actual hours 39,720 DLHs
Actual output 7,900 units
Problem 1: Show the required journal entry to record the incurrence of DL costs.
Find the contribution margin per haircut. Assume that the barbers compensation is a fixed cost and what will be the operating income if 20,000 haircuts are performed?
Variable costs are $60 per?unit, and fixed costs are $700 per month. The company expects to sell 630 units in September. The unit contribution margin? is
Martin A and Steele F (2010) Sustainability in Key Professions: Accounting. A report prepared by the Australian Research Institute in Education for Sustainability for the Australian Government Department of the Environment, Water, Heritage and the Ar..
The total fixed costs for the month amount to $3,500. What is the operating income of Exceptional Events for the month of June?
Explain What qualitative factors might affect the decision, assuming no other orders are expected beyond the regular business and the special order.
Identify the two most common types of product costing systems, and discuss the manufacturing environments associated with each system.
Determine the amount of the impairment loss (if any) to be recognized if Thomas intends to dispose of this asset. The present value of an ordinary annuity
XYZ Corporation purchased a one-year insurance policy, If the company neglects to make the proper year-end adjustment on Dec 31, 2013 for the expired insurance.
What Plant, equipment and supervision that have been supplied in advance for use in production are known as? supplied resources.
Find how standard costing system facilitates managerial planning, reduction in production costs and decision making. Use your analytical thinking to answer
Why are externally presented reports required to be prepared according to generally accepted accounting principles
Prepare production cost report for the Badgersize Company Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units
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