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Lata Inc. produces aluminum cans. Production of 11-ounce cans has a standard unit quantity of 4.9 ounces of aluminum per can. During the month of April, 350,000 cans were produced using 1,300,000 ounces of aluminum. The actual cost of aluminum was $0.19 per ounce and the standard price was $0.11 per ounce. There are no beginning or ending inventories of aluminum.
Calculate the total variance for aluminum for the month of April.
Prepare the adjusting entry to record bad debts expense for year 2013 under the assumption that the Allowance for Doubtful Accounts has a $1,896 credit balance before the adjustment.
Prepare a forecast of your selected bank's projected profitability (You forecast this!). Assume that the Federal Reserve Board holds the interest rates "as is" or constant.
Prepare the Post Closing Trial Balance. Complete the Ratio Analysis - Use Post Closing TB Last Year for beginning numbers. Record the closing entries in the general journal.
December 31, 2008, amounts owed to publishers for books purchased, $8,000; one-year note payable to a local bank for $2,850. No dividends were declared or paid to the stockholders during the year - complete the balance sheet at December 31, 2009.
question win co. produces a single product. its standard selling price is 30.00 per unit. the variable costs are 16.00
Prepare a schedule of adjustments as of December 31, 2012, to the initial amounts per Dimitri's accounting records - The freight charges were not included in either the inventory or in accounts payable at December 31, 2012.
Evaluate interest expense would be reported on the 2012 income statement? Determine total liabilities would be reported on the 31 st December, 2012, balance sheet?
What are the advantages of using the ROI measure rather than the value of division profits as a performance evaluation technique?
Develop a thorough understanding of accounting standards and principles and fulfill the core accounting educational requirement to sit for the CPA exam prepare to practice in public and private accounting position.
explain the reason for any two of the seven internal control procedures and (2) provide examples of how your two selected internal control procedures will meet the goal of safeguarding assets and promoting ethical business practices.
In each of the following independent cases, write a memo for the tax research file in preparation for a meeting with Gary. In each memo, explain whether the proposed plan meets his objective of shifting income and avoiding the grantor trust rules. Ga..
What amount of income will Stephanie recognize in year 1 if she uses the accrual method of accounting?
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