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The budget for May called for production of 9,000 units. Actual output for the month was 8,500 units with total direct materials cost of $127,500 and total direct labor cost of $77,775. The direct labor standards call for 45 minutes of direct labor per unit at a cost of $12 per direct labor-hour. The direct materials standards call for one pound of direct materials per unit at a cost of $15 per pound. The actual direct labor-hours were 6,375. Variance analysis of the performance for the month of May would indicate.
tannwin co. sells a new product called accountomatic and has predicted the following sales for the first four months of
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method and if the direct method had been used, would the net cash flow from operating activities have been the same? Explain.
Plum's basis in the computers is $70,000, and their fair market value is $250,000. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation)?
During the first year of partnership operations, the following events occurred: the partnership had a net taxable income of $10,000; Michelle received a distribution of $8,000 cash from the partnership; and Michelle had a 50% share in the partners..
what kinds of businesses or industries would use process costing? why would process costing be a better method for
in 1970 mr. and mrs. self purchased their first principal residence for 80000. in 1995 they sold the house for 300000
what accounting factors are important before determining whether a pending lawsuit should be accrued as a liability and
marston company sells a single product at a sales price of 50 per unit. fixed costs total 15000 per month and variable
In 2011, P Company sells land to its 80% owned subsidiary, S Company, at a gain of $50,000. What is the effect of this sale of land on consolidated net income assuming S Company still owns the land at the end of the year?
Compute the annual depreciation charges for machine under the double-declining-balance method.
Prepare new income statements for the firms assuming each sells one unit less (i.e. each firm sells 9 units)
at the beginning of 2012 ez tech companys accounts receivable balance was 140000 and the balance in allowance for
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