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Question - Company X's budget for 2019 Q1 (for one unit):
Direct materials 7 gallons at $6 per gallon
Direct manufacturing labor 11 hours at $12
During 2019 Q1, company X produced 2,100 units; purchased and used 14,000 gallons of DM costing $81,200. Direct labor totaled 23,600 hours for $306,800.
Required - Calculate the direct materials price variance for 2019 Q1?
Explain life cycle costing and state what distinguishes it from more traditional management accounting techniques and calculate the cost per unit looking at the whole lifecycle and comment on the price to be charged.
All sales were on account. Net cash provided by operating activities for 2014 was $241,920. Capital expenditures were $136,400, and cash dividends were $60,580.
Which are important in estimating the cost of machine maintenance? The relevant range/ The time period selected/The cost driver selected
Discuss, with computations, how the above transactions should be accounted for in the financial statements of the Camel Telecom Group under IFRSs for the year ended 30 June 20X8.
Compare results for the three cost flow assumption.For Each of the following cost flow assumption calculate FIFO,Moving-average cost
Transactions relate to Falsetto Souvenirs Company - Prepare the journal entries for the transactions.
Justify whether the decision to accept the offer from outside supplier on components M-2712 is a correct decision made by FSB.
Using the code of ethics for management accountants, evaluate the changes that Silverado's management is considering, and discuss the specific steps that Larry Stewart should take to resolve the situation.
Calculate the average cost per patient-day for Finkler Residential Treatment Facility at a volume of 25,000 patient-days and at 30,000patient-days.
Construct a balance sheet after a two for one stock split. What will be the new price of the stock and construct a balance sheet after a 5% stock dividend. What is the new price of the stock?
Stage of completion for labor and overhead (a) Prepare a production cost report for Waterways using the weighted-average method. (b) Show the equivalent units for materials and conversion costs if Waterways used FIFO instead of weighted-average.
Compute the unit manufacturing cost of Type A and Type B storage cabinets by using the company's current overhead costing procedures
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