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Superior Coop uses a standard cost system to account for the costs of its one product. Variable overhead is applied using direct labor hours. Standards allowed for each unit are 3.0 hours of labor at a variable overhead rate of $11. During November, Superior Coop produced 2,250 units. Payroll totaled $97,730 for 7,140 hours worked. Variable overhead incurred totaled $80,390
Calculate
a.Variable overhead rate variance (U or F or none)
b. Variable overhead efficiency variance (U or F or none)
The loan to Earl's niece was at a market interest rate. Flora and Earl also received a $100 check for opening up a new brokerage account to buy the Cargill stock. What is Flora and Earl's investment income?
the pc supply company manufactures memory cards that sell to wholesalers for 2.00 each. variable and fixed costs are as
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On April 30,2010, Hackman corporation issued $1 million face value 12% bond dated january1,2010, for $1023,000 plus accrued interest. the bond pay interest semiannually on june 30,and Dec 31, and are due dec 31,2017 the company use the straight li..
Compute the sales level that would generate a 20% return on investment. Supposing the rate of return is 15%, determine the level of sales that would generate $200,000 of residual income.
At the time of issuance, the market interest rate for similar financial instruments is 10%. Which of the following is a correct piece of the journal entry on September 1, 2010?
Suppose a US corporation (tax rate 34%) with $2,500,000 of domestic income sets up a branch in Japan earning $800,000, where the tax rate is 50%. Also, assume I earned another $100,000 in interest revenue in a country with a 10% income tax rate.....
elgin battery manufacturers had sales of 1000000 in 2009 and their cost of goods sold represented 70 percent of sales.
Assume that a certain nursing home has two categories of payers. Medicaid pays $65.00 per day and private pay patients pay the established per diem, but approximately 10 percent of private-pay charges are not collected.
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