Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Wissota Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $6 per hour. During February, Wissota Co. spent $56,700 for variable overhead. 9,150 labor hours were used to produce 2,400 units. How much is variable overhead on the flexible budget? A.$57,600 B. $56,700 C.$54,900 D.$14,400 2. The direct material quantity variance is the difference between the actual quantity and the standard quantity of materials multiplied by the actual price. A.True B.False 3.A standard cost system initially records manufacturing costs at the standard rather than the actual amount. A.True B.False 4. The balanced scorecard attempts to focus managers' attention on more than just financial measures. True False 5. MUSC Company has two divisions, South and East. South produces a unit that East could use in its production. East currently is purchasing 50,000 units from an outside supplier for $50. South is operating at less than full capacity and has variable costs of $27 per unit. The full cost to manufacture the unit is $38. South currently sells 450,000 units at a selling price of $54. If an internal transfer is made, variable costs of $2 shipping and administrative could be avoided. What would be the maximum transfer price?
sam loaned his daughter and her husband 150000 on july 1 2012 to purchase a new house. the loan is for ten years with
In the current year, Company C lost $100,000. How should the parties report the above arrangements in its consolidated financial statements?
Identify the audiences, purposes, and natures of financial statements and managerial reports. Explain the use of financial accounting information in making informed and ethical business decisions
What is a "pass-through" agency-fund and under what conditions is it appropriate to use such a fund?
Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..
Compute Deere's inventory turnover ratio and days in inventory for 2009 and compute Deere's current ratio using the 2009 data as presented, and then again after adjusting for the LIFO reserve.
In 2004, Parrot Company sold land to its subsidiary, Tree Corporation, for $12,000. It had a book value of $10,000. In the next year, Tree sold the land for $18,000 to an unaffiliated firm. The 2004 unrealized gain
win bicycles inc. collects 25 of its sales on account in the month of the sale and 75 in the month following the sale.
What is the projected ending retained earning balance of march 31, 2012, assuming that 2010 was their worst year of business?
at the begining of the year manufacturing overhead for the year was estimated to be 702450. at the end of the year
observed capital structures refer to the observed capital structures given in table 15.3 of the text. what do you
If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd