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For the purposes of the variance questions (and only the variance questions) , assume that all of Flowers' revenues of $3,951,852,000 and costs come from selling bread, which is obviously not true. Its budgeted revenues were $3,920,733,000.
The firm anticipated (budgeted) an average wholesale price (what they receive from the grocery stores) of $2 per loaf of bread). They ended up receiving $2.032 per loaf of bread.
Problem 1: Flowers' budget included ingredient costs of $968,421,051. Assume that flour is the only ingredient necessary for making bread. Assume that the budgeted cost of flour was 50 cents per pound and the actual cost was 51.2 cents per pound. You can calculate the actual 2018 ingredient costs and other necessary information.
Prepare a corrected trial balance at January 31. List the accounts in numerical order. Record the amounts in their proper debit or credit positions
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question on 1st january 2012 when its 32 par value common stock was selling for 73 per share bartz corp. issued
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The following information was drawn from the accounting records of Swanson Company as of December 31, 2014, before the temporary accounts had been closed. The Cash balance was $3,410, and Notes Payable amounted to $20,200. Identify which accounts wou..
The Make a Way Foundation has run into a financial crisis. Halfway into their fiscal year, the financier has realized that the company has not put enough money aside to cover all of their costs for the children's summer expense project.
Tom Winthrop estimated that the units in the ending inventory in the final processing department were 30% complete with respect to the conversion costs of the final processing department. If this estimate of the percentage completion is used, what wo..
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