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Painless Dentists (Painless) expected to treat 6,000 patients during 2011. The practice expected each patient to need an average of 3 X-rays at a cost to Painless of $11 per X-ray. Painless charges Patients $20 for each X-ray. The actual activity reports for 2011 showed that 5,500 patients came to the clinic and received an average of 3.25 X-rays with an average per X-ray cost of $10.50. For this question there is no need to do an adjusted budget, simply do the difference between the actual and budgeted figures.
a. What is Painless' revenue variance? Is the total revenue variance favourable or unfavourable? Why?
b. What is Painless' expense variance? Is the total expense variance favourable or unfavourable? Why?
c. Was the net impact of the two variances helpful or harmful to the economic health of the organisation? Why?
compute the amount of cash dividends paid during the third year to each of the three classes of stock and compute the dividends paid per sharing during the third year for each of the three classes of stock.
Describe supply-chain management and a just-in-time operating environment. Why are they important to achieving a favorable inventory turnover?
At the beginning of the year, the capital account balances were: Fred capital, $42,365; Ethel capital, $51,352. What is Fred's capital account balance at the end of the year?
Frederic Chopin Corporation is preparing its December 31, 2008, balance sheet. The following items may be reported as either a current or long-term liability.
What are the problems associated with dependence on human information processing and paper documentation? Explain your response. Illustrate the advantages and disadvantages of using real-time versus batch accounting information architecture?
The board votes a 100% stock dividend. D iscuss b riefly about the accounting and securities market differences between these two methods of increasing the number of shares outstanding.
entertainment expenses, $3,000 for premiums on officers' life insurance policies (the corporation is the beneficiary for these policies), and $100 for fines. What is Tachibana Corporation's taxable income?
Advise Mr. Perry on purchase he is considering. How should note payable and the equipment be valued?
question the chinese teapot company manufactures ceramic and plastic teapots. the companys western plant has changed
During the first month, Mars collected $400,000 on assigned accounts after deducting $900 of discounts. Mars wrote off a $1,060 assigned account.
Evaluate the unit material cost for the period? Evaluate the unit conversion for the period?
s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance
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