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The Worldwide Credit Card, Inc., uses standards to control the labor time involved in opening mail from card holders and recording the enclosed remittances. Incoming mail is gathered into batches, and a standard time is set for opening and recording each batch. The labor standards relating to one batch are as follows: Per Batch- Standard Hours 2.50... Standard Rate $4.50.. Standard Cost $11.25 The record showing the time spent last week in opening batches of mail has been misplaced. However, the batch supervisor recalls that 160 batches were received and opened during the week, and the controller recalls the following variance data relating to these batches: Total Labor Spending Variance: $546 U Labor Rate Variance: $51 U 1. Determine the number of actual labor-hours spent opening batches during the week. 2. Determine the actual hourly rate paid to employees for opening batches last week. (round your answers to 2 decimal places)
at the end of the current year acutual manufacturing overhead incurred 1258300 and manufacturing overhead was absorbed
Suppose you are considering two possible investment opportunities; a 12-year Treasury bond and a 7-year, A-rated corporate bond. The current real risk-free rate is 4%; and inflation is expected to be 2% for the next 2 years, 3% for the following 4..
a. your financial advisor has recommended that you invest into your roth individual retirement account roth ira the sum
Data for the first six months of 2011 include: beginning inventory at cost and retail were $55,000 and $100,000, net purchases at cost and retail were $785,000 and $1,300,000, and sales during the first six months totaled $800,000. The estimated i..
Write a 2- to 3-page memo to the file, evaluating the merits of the position taken by the IRS. Use the IRAC Tax memo format: Issue, Ruling, Analysis, and Conclusion.
in the balance sheet at the end of its first year of operations dinty inc. reported an allowance for uncollectible
Immediately after issuance, the market value of each warrant was $4. On December 31, 2012, what amount should Moss record as discount or premium on issuance of bonds?
miyamoto jewelers is considering a special order for 10 handcrafted gold bracelets to be given as gifts to members of a
explain what is meant by the naive investor hypothesis and the no-effects hypothesis in relation to firms accounting
i want to write a paper on some aspect of management. an example of a good research question might be a what is the
described below are certain transactions of edwardson corporation. the company uses the periodic inventory system.1. on
clemson co. incurs 700000 of overhead costs each year in its three main departments machining 400000 inspections 200000
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