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The following data relate to the direct materials cost for the production of 4,000 automobile tires:
Actual: 130,242 pounds at $1.65 $214,896Standard: 128.760 pounds at $1.85 $238,206
(a). Determine the price variance, quantity variance, and total direct materials cost variance.(b). To whom should the variances be reported for analysis and control?
for each of the following transactions indicate whether operating o investing i or financing activities f are affected
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Gross proceeds from the offering amounted to $850,000,000. The discount on the Senior Discount Notes is being accreted under the effective interest method.
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Prepare 2014 entries for Crow assuming that the warranties are not an integral part of the sale. Assume that of the sales total, $150,000 relates to sales of warranty contracts. Crow estimates the total cost of servicing the warranties will be ..
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