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Claire's Caloric Capers produces gourmet cakes. Claire's 2010 budget was based on the production of 3,200 cakes using a standard of 3 direct labor hours per cake and $3 variable overhead per direct labor hour. During the year, Claire used 8,960 direct labor hours to produce 2,800 cakes. If actual variable overhead for the year was $25,000, what was Claire's variable overhead spending variance?
On January 1, 2010, NWK, Inc.'s assets were $300,000 and its stockholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000. What was the stockholders' equity on December 31, 2010?
Jill Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 10 annual payments of $4,000 at the end of each year and provides the lessor (Eller) with an 8% return on its investment. You may us..
listed below are several assumptions and principles followed by transactions and events which violate the assumptions
describe the respective roles of the securities and exchange commission sec and the internal revenue service irs in the
Updike and Patterson Investmens inc (UPI) holds equity investments with a cost basis of $250,000. UPI accounts for these investments as available-for-sale securities.
two years ago your corporate treasurer purchased for the firm a 20 year bond at its par value of 1000. the coupon rate
For tax year 2010, the partnership earned revenue of $500,000 and had operating expenses of $200,000. During the year, Wayne withdrew from the partnership a total of $64,000. He also invested an additional $20,000 in the partnership. For 2010, Way..
wes and donna were the only members of an llc and they fended off unwated takeover suitors with a clause in the charter
If Job M1 resulted in 7,000 good jeans, what would be the cost of goods sold per unit? Show your work.
How is an auditors examination affected when a client has engaged in significant related party transactions? What measures should an auditor take to determine that such transactions have been properly recorded by the client?
scholarpak company produced and sold 76000 backpacks during the year just ended at an average price of 36.00 per unit.
the debits to work in process-assembly department for april together with data concerning production are as follows
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