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Question - The Ford Company developed the following standards for the manufacture of its product:
Each unit should have 4 pounds of direct materials purchased at $12 per pound.
Each unit should be produced in 3 hours at a direct labor cost of $18 per hour.
Actual production was 40,000 units using 162,800 pounds of direct materials at a total cost of $1,960,300 and required 109,400 direct labor hours at a total cost of $1,820,600. What was the direct labor "cost" variance? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance.
Determine the flexible budget variances and also indicate the effect of each ariance by selecting favorable (F) or unfavorable (U)
On January 1, 2017, Loud Company enters into a 2-year contract with a customer for an unlimited talk and 5 GB data wireless plan for $65 per month.
It is the end of 2011, and the auditing firm for which you work is auditing the Weiss Company for the first time. Prior to 2011, Weiss was audited by another firm. A substantial amount of Weiss Company's revenues for 2010 came from installment sales...
which of the following would not require the use of cost behavior analysis?. transferring production costs from one
the employees to receive benefits is 15 years. What is the amount of amortization to pension expense for the year
compare and contrast the requirements for the formation and termination of an s corporation and a partnership. what is
You are to prepare the comments as requested, giving the implications and the limitations of each item separately. Then prepare a collective inference that may be drawn from the individual items about Carismo's solvency and going-concern potential..
General Optic Corporation operates a manufacturing plant in Arizona. Due to a significant decline in demand for the product manufactured at the Arizona site-Determine the amount of impairment loss
Southwick company uses a job order costing system. On November 1st $15,000 of direct materials. Prepare the general journal entries to record the requisiton.
Summarize the Sarbanes-Oxley requirements for reporting on internal controls. Why are these requirements particularly onerous for smaller public companies
last year fabre company produced 20000 units and sold 18000 units at a price of 12. costs for last year were as
Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 104 and (2) 98.
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