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Calculation of variances for direct material and direct labor.
Nevada Learning Aids makes wooden lap desks. A small fire on October 1 partially destroyed the books and records relating to September's production. The charred remains of the standard cost card contains the following information:
Standard quantity of direct material
5.0 board feet
Standard price of direct labor
$12.50 per hour
From other fragments of records and several discussions with employees, you learn the following:
Required: a. How many units were produced during September? b. Calculate all variances for direct material and direct labor for September. c. What is the standard number of hours allowed for the production of each unit?
What are Intel's projected obligations on Long-Term Debt and Payments due by period and what is the par or stated value of Intel's preference shares and what is the par or stated value of Intel's ordinary shares?
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Melanie could like you, the staff accountant, to charge the advertising expense for the Hobby department to Toy's. With only these facts, would you modify the accounting for the two departments?
Mr. Dimitry owns 1000 shares of equity. What is his cash flow in its current capital structure (leveraged D/E = 2.3) What will be his cash flow in the proposed capital structure (levered) if he keeps all his 1,000 shares
A clothing manufacturing corporation donates last year’s inventory to the Red Cross for use in its disaster relief efforts. The clothes have a fair market value of $200,000 and a basis to the corporation of $75,000. What is its charitable contrib..
Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items and illustrate the effects on the accounts and financial statements of the adjustments for each item.
question 1 is corporate america in require of tighter regulation to curb the questionable excesses and outright fraud
Compute the present value of outflows for Bid A & B and then determine which bid should be accepted by Supermart Inc.
Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009 and prepare a bond amortization schedule up to and including January 1, 2013, using the effective interest method.
Calculation of Different Variances - Determine the following variances and indicate whether each is favorable or unfavorable.
Preparation of Journal entries and Prepare journal entries to record the transactions.
What is the major theory behind compensation schemes? Compensation should be perfectly correlated with outcomes. Do you agree or disagree with this statement? Under what circumstances may it be (in)appropriate?
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