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The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual variable overhead was $170,000. Actual production was 11,700 units.
Compute the factory overhead controllable variance.
Prepare a comparative (total and per unit) cost statement showing anticipated margin of profit for the present output of 7,500 units and proposed output of11,500 units.
Qualitative factors that affect the auditor judgment
consider the following information on a portfolio of three stocks state of economyprobability of state of
Tina is the only shareholder of Edgecombe Corporation.
Straight-line amortization is used for discounts and premiums. On September 1, 2012, $3,000,000 of the bonds are called at 102 plus accrued interest. What gain or loss would be recognized on the called bonds on September 1, 2012?
To measure controllable production inefficiencies, which of the following is the best basis for a company to use in establishing the standard hours allowed for the output of one unit of product?
A withdrawal of cash made by the owner will be found on the:
Sheppard industries evaluating a proposal expand current distribution facilities. Management projected produce cash flows years (in millions)
On December 1, Diaz Company introduces a new product that includes a one-year warranty on parts. In December, 1,000 units are sold.
Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:
1. what distinguishes a merchandising business from a service business?2. can a business earn a gross profit but incur
revenue expenditures1. are additional costs of plant assets that do not materially increase the assets life or its
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