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Fearless Frank's Fertalizer Farm produces fertalizer and distributes the product by using his tanker trucks. Frank's uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 300 truckloads Budgeted fleet hours 225 hours Budgeted pounds of fertalizer 12,000,000 pounds Budgeted variable manufacturing overhead costs for 300 loads $37,500 Actual output units produced and delivered 315 truckloads Actual fleet hours 218 hours Actual pounds of fertalizer produced and delivered 12,600,000 pounds Actual variable manufacturing overhead costs $38,250 What is the budgeted variable overhead cost rate per output unit? What is the flexible-budget amount for variable manufacturing overhead? What is the flexible-budget variance for variable manufacturing overhead?
What of the subsequent is not a significant difference between IFRS and U. S. GAAP related to recognition and measurement of assets and difference in the evaluation of whether an asset is impaired.
Estimate the cost of capital
For each ratio listed, explain what it tells about the financial health of a company (while it is acceptable to include the ratios' formula, this is not where your answers could be focused).
What percentage interest in pool is held by the school district and the township? Show the entry into the Investment Trust Fund to record the liability to the funds for interest earned on pooled investments.
Croissant Division of Pastry Corporation has invested capital of $1,600,000. During the past year, Croissant had sales of $1,200,000 and earned $400,000. What is Croissant’s return on investment?
SPA Corporation’s books, which are maintained using the accrual method, show the following income and expense items for the 2011 tax year: Find out the corporation’s charitable contribution carryover (if any).
The market price of Howell's common stock was $35 on August 1, 2010, and $38 on September 15, 2010. What is the amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend?
A population of beavers was introduced into a reserve on 1 January in a particular year, and the size of the population was estimated on the same date in each subsequent year.
What income statement outcome, if any, would the change in categorization have for Qtip?
A company can acquire a $700,000 machine now that will benefit the the company over the next 5 years, with a net present value of $134,000 using a 10% hurdle rate. Based on this information, illustrate what is the annual cash operating savings ex..
Determine the cash coverage ratio for the Highway Corporation Evaluate the EBIT for the Highway Corporation?
Be sure to include an evaluation of the Footnote disclosures regarding Lucent's inventories in your examination. Does explanation for the earnings shortfall provided by Lucent's managers make sense in light of your analysis?
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