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A CPA firm estimates that an audit will require the following work:
Type of Auditor Expected Hours Cost per Hour Standard CostsManager 10 $50 $ 500Senior 20 40 800Staff 40 30 1,200Totals 70 $2,500The actual hours and costs were:Type of Auditor Actual Hours Actual Cost per Hour Actual CostsManager 9 $52 $ 468Senior 22 38 836Staff 44 30 1,320Totals 75 $2,624
Required: Calculate the direct labor, wage rate, and labor efficiency variances for each type of auditor and interpret
Mrs. M. Botham is a sole trader, selling a variety of fashionable clothing materials. Her business year end is 31 December 2011. You have been given the following trial balance
advantage of physical measure
Value one stock using the dividend discount model of stock valuation with two periods of constant growth (not the simple one period growth model). See chapter 18 of the textbook
Management Accounting It is the part of accounting such provides special-reason statements and reports to other persons and management inside the organization. The informatio
advantages and disadvantages of just in time
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Evaluate the discounted mean term (DMT) of a bond redeemable at $120 nominal in 15 years time with annual coupons of 7% (based on a nominal bond of $100) at interest rates of 6% ,
Gerona Company authorized the sale of $300,000 of 10%, 10-year debentures on January 1, 2008. Interest is payable on January 1 and July 1. The entire issue was sold on April 1, 200
1. The bank added another company's deposit to our account. This would be included on the bank reconciliation as a(n). a) addition to the balance per books. b) subtraction from the
Describe the manner in which a materials usage variance is divided into mix and yield component variances.
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