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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. What is the variable overhead efficiency variance? 2)Albertville has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $22.50 per hour. During July, Albertville paid $189,500 to employees for 8,890 hours worked. 4,700 units were produced during July. What would the flexible budget amount for direct labor be? 3)MSUM Corp. has two divisions, East and West. East produces a gadget that West could use in its production. West currently purchases 100,000 gadgets for $25 on the open market. East's variable costs are $12 per widget while the full cost is $18.70. East sells gadgets $26 each. If East is operating at capacity, what would be the minimum transfer price East would accept for an internal transfer?
The market value of Lake Corporation's inventory has declined below its cost. Vickie Maher, the controller, wants to use the allowance method to write down inventory because it more clearly discloses the decline in market value, and it does not di..
Discovery Barn, a not-for-profit science center for children, received a contribution for $30,000 explicitly designated for the acquistion of computers. Prepare all required journal entries, being certain to indicate the type of fund in which each ..
for each of the following scenarios identify the appropriate reporting opinion by selected matching option from the
joint-cost allocation with a byproduct. mat place purchases old tires and recycles them to produce rubber floor mats
total cost 100000 total volume 1000 average cost 100 payer volumes medicare payment rate 95 400 medicaid payment rate
Calculate the equivalent units for conversion costs for the month in the first processing department.
calculating break-even. jasmine gonzales administrative director of small imaging center has been asked by the practice
Jane's travel budget for October was $330, based on her plan to drive 1,500 miles at a cost of $0.22 per mile. During October, she actually drove 1,250 miles at a cost of $290. A flexed budget performance report would show a variance of:
to prepare a comprehensive balance sheet and single-step income statement presented in good form and derived from a
parrett corp. acquired one hundred percent of jones inc. on january 1 2009 at a price in excess of the subsidiarys fair
Prepare an incremental analysis for the special order. Should Pro Sports Inc. accept the special order? Explain your answer.
During an entity's lifetime, accountants produce financial statements at arbitrary moments in time in accordance with which basic accounting concept?
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