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Question - We make small elevators which can hold a maximum of ten passengers. One of the direct materials we use is industrial strength carpeting for the floor of the elevator. The direct material use is 8 square yards for each elevator. The standard cost of this caprpeting is 12 per square yard. Last month the carpeting was purchased for 11 square a yard and the production department used an average of 8.5 square yards of carpet to complete a total of 90 elevators.
a. Calculate direct materials price variance for the month?
b. Calculate direct material quantity variance for the month?
c. What is the total variance for the month?
Compute the unit variable cost and the contribution margin per unit. If fixed costs are $2750.00 per month. What is the break-even point in units?
Greener Pastures Corporation borrowed $ 1,000,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016. Show the accounting equation effects and prepare the journal entries for (a) Th..
Prepare a written paper that discusses Accounting for Partnerships
your client xxxx corporation is preparing the comparative financial statements for the annual report to its
X Company's profit equation next year is expected to be 0.47R-$12,400, where R is total revenue. Assuming a tax rate of 30%, what must next year's revenue be.
What cash control is compromised when the purchasing manager is one of the authorized check signers
Are the implications of the two theories different in the short run? Are the long-run implications different? Explain.
How many characters are there in a CPT code. Which of the following is not a main section of the ICD10 PCS code book
John stone Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since John stone began operations. The state law permits dividends only from retained earnings.
For purposes of measuring performance, how much variable maintenance cost should be charged to the Assembly Department at the end of the year
what circumstances lead to the recording of a deferred tax asset.
What are the disadvantages of a partnership over a limited liability company form of organization for a profit-making business?
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