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The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhad and $1.30 for fixed overhead) based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows:
Actual Variable Factory Overhead: $360,000
Fixed factory overhead 104,000
Standard hours allowed for units produced: 60,000 hours
What is the amount of the factory overhead controllable variance?
Ricardo Construction began operations on December 1. In setting up its accounting procedures, the company decided to debit expense accounts when it prepays its expenses and to credit revenue accounts when customers pay for services in advance. Suppli..
Beginning inventory was 20% complete for conversion cost. Ending inventory was 70% complete for concersion costs. Compute the cost of the units transferred out during July and the ending inventory July 31 using the weighted-average method.
Landmark Coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 62,500 pounds of copper. The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $..
preparation of balance sheet and income statement and computation of ratios.1. nbspunearned rent revenue would be
What are some of the accounting estimates that Research in Motion made in preparing its financial statements? What are some of the effects if the company’s actual results differ from its estimates?
Where do you see Excel being useful for anyone in the area of business when dealing with accounting, bookkeeping, and financial transactions? In your post, be sure to discuss accountants who are already using a computerized accounting system
questiontallahassee builders inc. signed a contract to prepare a certain project for 4000. in 2010 800 of cost was
Prepare Journal Entries from (in table) the following information relating to Job Costing. The material storeroom receives a shipment of direct and indirect materials that cost $ 12,000. Materials are sent to the stamping and assembly areas. The Cost..
Discuss the advantages and disadvantages of using a perpetual inventory system. From the data presented in this case, is there any indication of the adequacy of inventory levels during the year?
Define what is meant by a just-in-time (JIT) manufacturing process. What are the primary benefits, both financial and nonfinancial, of a JIT system compared to a conventional manufacturing process?
Without the buildings and improvements, the tract of land is valued at $1,890,000. Solaris also incurs the following additional costs: Allocate the costs incurred by Solaris to the appropriate columns and total each column.
Prepare a list of uncertainties that the CEO faces if she buys the hotel. Prepare a list of uncertainties the CEO faces if she replaces the heart monitors. Which scenario appears to have a greater degree of uncertainty? Why?
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