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Sweet Dreams manufactures candy. Its records revealed the following:Units produced 4,000Standard direct labor hours per unit 2Standard variable overhead rate $2.50 per hourStandard fixed overhead rate $5.00 per hourBudgeted fixed overhead costs $40,800Actual variable overhead costs $16,800Actual fixed overhead costs $40,400Actual labor hours 8,000 direct labor hoursTotal actual overhead %57,200What is the total overhead variance?
What are the major classifications of inventory? Why would someone choose to use a perpetual over a period inventory system, or vice versa?
On January 1, 2010, Garner Corporation purchased 25% of the common stock outstanding of Landon Corporation for $250,000. During 2010, Landon Corporation reported net income of $80,000 and paid cash dividends of $40,000.
Betty Products Inc. manufactures three products on two machines. In a typical week 40 hours are available on each machine. The profit contribution and production time in hours per unit follows:
What are the steps used in lean production which reduces inventories, decreases defects, reduces wastes, and shortens customer response times.
In 2010, a compact disc cost $14. If the price of CDs continues to increase at an annual compound rate of 4 percent, how much will a disc cost in 10 years? 25 years? 50 years?
Which of the following would be treated as an extraordinary item?
At the end of its first year, the trial balance of Wooster Company shows Equipment $32,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense.
Write a strategy on how GM should operate its financial aspect of the company to improve sales.
It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??
A business paid 100 to cash to Karen Smith (the owner of the business) for her personal use. Set up the necessary T accounts and show how this transaction would be recorded directly to those accounts
The land contributed by Stephanie was encumbered by a $250,000 nonrecourse debt. Assume the partners share debt equally. Immediately after the formation, the basis of Stephanie's partnership interest is:?
What is the difference between the auditor's approach in verifying sales returns and allowances and sales? Why is there a difference?
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