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A popular product of Loring glassworks is a hand-decorated vase.The company's standard cost system calls for .75 hours of direct labor per vase, at a standard wage rate of $8.25. DuringSeptember, Loring produced 4,000 vases at an actual direct labor cost of $24,464 for 2,780 direct labor hours.
What is the actual wage rate per hour? Compute the labor rate and efficiency variances for the month. Was paying workers the actual wage rather than the standard wage an efficient strategy for Loring?
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
What are some examples of Toll Brothers' direct material, direct labor and overhead costs that they would incur in building their homes?
discuss with your learning team an existing organization with which you are familiar that is different than the one you
Designate the best answer for each of the following questions, Statement of Cash Flows The comparative balance sheets for Logan Company appear below:
What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
alpha corporation has 25 million shares of common stock issued and outstanding. on august 31 the board of directors
Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Poodle had the following transactions relating to shareholders' equity:
Define the concepts of present value, payback method, internal rate of return, or net present value and elaborate on your interpretation of their value as assessment tools for an accountant.
A manufacturing company makes the products that it sells. Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determine..
Find out a franchisee's breakeven sales in dollars. Is franchising good idea for Wong if franchisees want a minimum monthly operating income of $6,000 and Wong believes that most locations could generate $26,000 in monthly sales?
List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm's independence.
The bank statement dated May 31, 2011, showed bank service charges of $38. All checks written by the company had been processed by the ank by May 31 and were listed on the bank statement except for checks totaling $1,890.0 Prepare a bank reconcili..
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