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Total Materials Variance
Lata Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.1 ounces of aluminum per can. During the month of April, 310,000 cans were produced using 1,100,000 ounces of aluminum. The actual cost of aluminum was $0.18 per ounce and the standard price was $0.07 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the total variance for aluminum for the month of April.
Every month you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your “house fund”. How much is in this account after 5 years?
accounting entries from the given information.colo company sales journaldateaccount debitedinv.no.trans.no.ar debitnbsp
Identify the major stakeholders. If the plant accountant recommends the purchase, what are the consequences?
ABC Company sells 4,994 chairs a year at an average price per chair of $199. The carrying cost per unit is $32.43. The company orders 479 chairs at a time and has a fixed order cost of $25.3 per order. The chairs are sold out before they are resto..
A reason that equity earnings create a problem in analyzing profitability is that equity earnings are:
Inter media, LLC, has three members: WYXT Partners, Lindsey Wilson, and Daily Sun Newspaper, LLC. On January 1, 2014, the three members had equity of $355,000, $90,000, and $215,000, respectively. Any remaining income is to be shared in the ratio of ..
Which of the following is an example of a performance measure of the customer perspective that would be found in a balanced scorecard?
The exchange has commercial substance, journalize the entries to record (a) the current depreciation of the old truck to the date of trade-in and (b) the transaction on July 1.
amount to be charged to arrive at break even.lifsey wedding fantasy company makes very elaborate wedding cakes to
Prepare the corrected trial balance at October 31, 2010. Journal entries are not required and record each transaction in the journal. Identify each transaction by its date. Explanations are not required.
Compute the direct materials price and efficiency variances for the quarter and compute the direct manufacturing labor price and efficiency variances for the quarter.
Using the accounting equation and considering each case independently, determine the following amounts: Donna Ahern, capital, as of December 31, 2009.
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