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The following information is available: Actual Inputs for Actual Price Each Unit of Output Per Unit of Input Direct materials 11 yards $12 per yard Direct labor 4.2 hours $8 per hour Actual output was 1,000 units. The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour. The company purchased and used 11,000 yards of material. Required: A) Compute the price and quantity variances for direct material. B) Compute the price and quantity variances for direct labor.
Discuss the costs of quality associated with the mass production of a product. At the least, address the following question.
"Cost allocation is arbitrary, so there is nothing gained by it. We should report only the costs we know are direct." Do you agree? Why?
carrie owed charlotte 20000. carrie offered charlotte a promissory note a negotiable instrument worth 200000 upon
Explain the differences between manual and system controls. Which type of control is preferable and why? Give an example of each of these controls that you encounter in your daily life.
Alonzo Co. acquired 60% of Beazley Corp. by paying $240,000 cash. There is no active trading market for Beazley Corp. At the time of the acquisition, the book value of Beazley's net assets was $300,000.
Griffith Delivery Service purchased a delivery truck for $33,600. The truck has an estimated useful life of six years and no salvage value. For the purpose financial statements, Griffith is planning to use straight-line depreciation.
Rons sells his business accounts receivable of $100,000 to Mike for $80,000 (80% of the face value of the accounts reveivable). Mike later determines that he will be able to collect only 9000, of a 10,000 receivable. Mike's basis in the 10,000 acc..
Windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.
High Sounds manufactures wind chimes that have a standard material cost of 2 pounds of raw materials at $1.50 per pound. During March, 10,000 pounds of raw materials costing $1.55 per pound were used in making 4,800 wind chimes. What is the (1) ma..
alex hardaway borrowed 90000 on march 1 2008. this amount plus accrued interest at 12 compounded semiannually is to be
Some companies implement systems to reduce defects in finished products with the goal of achieving zero defects. What are these systems called?
The average remaining service period of Shin's employees is 7.5 years. Compute Shin's minimum amortization of pension loss.
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