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Assume you are setting standard materials costs for a pizza restaurant.Use the example of a medium sized cheese pizza. How would you determine what standard materials cost should be?
2. Same question but take standard direct labor costs.
3. Did you think about any problems such as a worker dropping a pizza, someone ordering carryout but then not picking it up, etc.? Should those costs change the standard costs? Why or why not?
4. Suppose you have a favorable materials price variance and an unfavorable direct labor time variance. How could these two be related?
Short Corporation purchased Hathaway, Inc. for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $48,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual..
bishop co. is evaluating a proposal to budget an additional 100000 for advertising. fixed costs before the additional
Among its 5,000 employees were 165 youngsters aged 14 and 15 who worked full-time during the day and were paid at a rate less than the minimum wage. Which statement is true in accordance with the general rules of the Fair Labor Standards Act?
answer the following truefalse questions1. investment center managers are evaluated on their use of center assets to
What are the signs you would look out for in the financial statements for the possibility of bad debts? Give reasons for your answers.
State the effect of the error on the income statement of Morena White Water for the year ended December 31, 2008 and State the effect of the error on the December
Account among its trade receivables.
Management estimates that it costs $500 to analyze and close a commerical loan. This amount has been included in the $250,000 of inderict costs. How much of the $250,000 indirect costs should be allocated to the Consumer Department?
Why is determining cost to manufacture a product quite a different activity from determining how to control such costs?
Elaine owns an unincorporated manufacturing business. In 2011, she purchases and places in service $250,000 of qualifying five-year equipment for use in her business. Her taxable income from the business before any section 179 deduction is $70,000..
Under absorption costing a company had the following per unit costs when 10,000 units were produced. Compute the company's total production cost per unit if 25,000 units had been produced.
Also assume the budgeted sales price for each car was $30,000, and the actual sales price for each car was $30,200. Compute the sales price variance and the sales volume variance.
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