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Question - The king company produces toilets for nation distrubitonstanders for partial toilet are:
Materials 9 kg per unit at $2 per kg
During the month of May, the company produced 1000 units. Imfo for the month follows:
Materials: 10,000 kg were purchased and used at a total cost of 17000
Required -
a) Calculate the materials price variance and state if its favourable or unfavourable.
b) Calculate materials quantity variance and state if its favourable or unfavourable .
c) State one reason why these variances in part a) and b) could be favourable or unfavourable.
Thomas Corporation is evaluating whether to lease or purchase equipment. Its tax rate is 30%. Calculate the cost of purchasing the equipment.
Prepare the lower portion of Corpus Christi's 2010 income statement, beginning with pretax income for continuing operations
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you have decided that it might be a good idea to create a personal household budget for yourself. you know you are able
Ye Olde Christmas shop signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on October.
Cagayan Company sells three products. Planned results for next year are as follows: A B C Unit Selling Price P10 P8 P4. Compute the weighted contribution margin
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Compute the equivalent units of production for October assuming that the company uses the FIFO method of accounting for units and costs
chae corporation uses the weighted-average method in its process costing system. this month the beginning inventory in
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