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Direct labor variances In addition to the information for Acme Company in Mini Exercises 15.1 and 15.2, the standard direct labor cost per unit consists of 0.5 hour of labor time at $20 per hour. During August, $170,100 of actual labor cost was incurred for 8,100 direct labor hours.In Mini Exercise 15.1, Acme Company's production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6. Budgeted fixed overhead is $32,000. Actual production in August was 18,000 units.In Mini Exercise 15.2, In addition to the information for Acme Company in Mini-Exercise 15.1, actual unit component costs incurred during August include direct materials, $8.25; direct labor, $9.45; variable overhead, $6.82. Actual fixed overhead was $33,500.Required:
Calculate the labor rate variance and labor efficiency variance for August.
Calculate the amount of revenue recognized in April under the cash-basis of accounting and the accrual-basis of accounting.
Record the year-end adjusting journal entry for patent amortization on December 31, 2006. Determine the patent book value on December 31, 2006.
Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods
Compute the unit cost for each product under the old manufacturing system and compute the unit cost for each product under the JIT system.
yuli-one copters is in the business of designing and manufacturing helicopters for commercial military and pleasure
Determine the amount of dividends to be paid to preferred and common shareholders in each of the three years. Preferred shares are cumulative and non-participating.
key provisions of the Sarbanes-Oxley Act of 2002. Order your list from most important to least important in terms of the likely long-term impact on the accounting profession and financial reporting.
Determine Totsons free cash flow and has Totson's free cash flow improved or declined from 2011 to 2012?
Construct Alpha's cash budget, income statement, balance sheet and statement of cash flow for April.
Engineering Associates billed clients for 10,000 hours of engineering work for the month. Calculate the company's fixed overhead budget and volume variances for the month.
Second is. Made two months van lease payment in advance $2400. Third is. Billed customers for cleaning upholstery $2680. Forth is. Received $1200 from the customers billed on august 21. Please tell me with debit and credit.
Shorten the project three weeks by finding the minimum-costs schedule. Assume that project indirect costs and penalty costs are negligible. Identify activities to crash while minimizing the additional crash costs.
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