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Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. Picture During November, Arrow purchased 160,000 pounds of direct materials at a total cost of $304,000. The total factory wages for November were $42,000, 90% of which were for direct labor. Arrow manufactured 19,000 units of product during November using 142,500 pounds of direct materials and 5,000 direct labor hours. What is the direct materials efficiency (quantity) variance for November? $14,250. $14,400. $16,000. $17,100.
Calculate eight relevant measures that would help assess the performance of each salesman. These measures should be developed from the data given under the following five headings.
Explain using examples and relevant sections of the act, what the differences between Ordinary Income and Statutory income are. Use your own examples (not from MTG or Barkoczy text).
Describe and evaluate the various approaches for setting transfer prices. How can the use of different approaches between the selling and buying divisions be reconciled?
Explain why the review and audit of control systems is important for the governing body of a school such as PKG and evaluate the effectiveness of the governing body's control
Prepare adjusting entries for the seven items - Drew Carey collected $40,000 for consulting services to be performed from December 1, 2010, through March 31, 2010.
Since the VP's trust you, they asked you to figure out the most they should pay for a license from SohnCo and yuli-One Copters is known to be aggressive in ignoring intellectual property claims.
Same facts as those shown on page 1139 except that Hamilton uses the cost-recovery method of accounting, what portion of the total contract price would be recognized as revenue in2013?
During the current year, merchandise is sold for $200,000 cash and for $950,000 on account. The cost of the merchandise sold is $805,000.
Show comparative income statements for Williamson Company, beginning with Income before income tax, as presented on the 2012 income statement.
"International accounting standards are 'unusable" from an investor's viewpoint and make 'global allocation of capital more complex instead of simplifying it". Chief financial officers at large listed entities say.
Miller also points out that it has significant available lines of credit. Is Ron still correct? What do some companies do to compensate for having fewer liquid assets?
a construct t-accounts and enter the balances shown.b prepare adjusting journal entries for the following and post to
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