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At the beginning of last year, creative productions set direct labor standards of 2 hours at $25 per hour for each product produced. during the year, 1,700 direct labor hours were actually worked at an average cost of $26 per hour. using this information and the applicable information in E6A, calculate the company's direct labor rate and efficiency variances for the year.
This is the information they want you to use from application E6A to help solve this problem:
Creative Productions manufactured and sold 800 products at $10,000 each during the past year. at the beginning of the year, productions had been set at 1,000 products, and direct materials standards had been set at 10 pounds of direct materials at $12 per pound for each product produced. During the year, the company purchased and used 7,900 pounds of direct materials with a cost of $12.02 per pound. Calculate the company's direct materials price and quantity variances for the year.
you have recently hired a new assistant susan thompson who previously worked in a financial accounting office preparing
Every day we all have decisions to make that depend on us doing the right or wrong thing. It's not always easy to do the right thing. Assume that you accept the following ethical rule
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He is also keen to understand if there could be any reason why Maria Crane chose to build up inventories. Discuss all relevant points of view, but come to a conclusion as to the most appropriate way to account for fixed manufacturing overhead cost..
While performance evaluations are part of most organizations, unions tend to disavow their usefulness. Are performance evaluations needed in a union environment?
Calculate the total change in net income if Alternative B is adopted. (Input all amounts as positive values, except cash outflows and any negative total change in net income which should be indicated by a minus sign.
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