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Mom's Apple Pie Company uses a standard cost system. The standard direct labor time for each pie is 10 minutes. During the most recent month, the company produced and sold 6,000 pies. The standard direct labor rate is $8 per hour; the actual labor rate per hour for the month was $8.40. The company used a total of 980 labor-hours. What was the direct labor efficiency (usage) variance for the month?
questionacme company uses the weighted-average method in to compute product costs and reports the subsequent costs for
The liability policy was $63,000 for eighteen-months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 2012?
Financial analysis, key concept A perplexing issue, particularly for many human resource management and marketing professionals, is the absence of a valuation in the traditional financial statements relating to human capital and other internally gene..
A married couple ling jointly have a combined total adjusted gross income of $75,000. They have computed that their allowable itemized deductions are $4,000. Compute their federal income tax.
Indicate whether a debit or credit is required to close each of the following accounts. Use the symbols D if a debit is required , C if a credit is required, N if the account is not closed at the end of the period.
Advise Landlord, the promoters, Kushmani, Glory and the directors of the company on their rights and obligations.
Record the ending balances from the April 30 post closing trial balance into the ledger sheets or alternatively, you may create T-accounts on an Excel spreadsheet.
Allowance for Doubtful Accounts has a credit balance of $460 at the end of the year (before adjustment), and bad debt expense is estimated at 2% of net sales. If net sales are $666,297, the amount of the adjusting entry to record the estimated uncoll..
One of an accounting firm's basic objectives is to provide professional services that conform to professional standards. To determine whether the entitiy has changed any accounting princioles. Ordinarily what source of evidence should least affect au..
How many years would it take $50 to triple if you invested it in a bank that pays 8.25% per year and What's the future value of $2,500 after 5 years if the appropriate interest rate is 7.5%, compounded semiannually?
Supplementary financial statement that supports the cost of goods sold figure on the income statement by summarizing raw materials, direct labor, and manufacturing overhead costs incurred during the period.
Pick a component of the cash flow statement and thoroughly discuss how it can be a plus or a minus, is that good or bad, why and what the component means and where it can be found in the financial statements. For example, depreciation is a component.
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