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In December of Year 2 operations (month 24), Memories, Inc. actually produced and sold 32,675 figurines, consisting of 30,570 dolls and 2,105 replicas. The budgeted sales price for dolls was $5.00, and $5.25 for replicas. The estimated production and sales during December was 31,678 dolls and 2,595 replicas. Required D. Assuming MI used a predetermined overhead rate of $2.13 per DLH, compute the variable overhead rate and efficiency variances. MI actually paid $20,852 in total overhead costs, consisting of $17,002 of variable overhead and $3,850 of fixed overhead. How would these variances be interpreted? What might have caused them? Would you consider them large enough to be important? E. How might MI extend its variance analysis to be compatible with activity-based costing if they decided to switch to that method?
Please show me how to work these problems Laptop Inc obtained their first loan for $250,000 with an 8% interest rate. Laptop Inc. estimates that they will have net income of $165,000. As a not for profit, they do not pay income taxes. The company has..
Found to be the best choice with the Net Present Worth (NPW), must it also be the best choice based on the discounted payback method
Sofia expects to earn $3800 from her summer job and $1500 from working as a babysitter. She receives gifts worth $400 from her friends and family on her birthday. A scholarship from a local Book Reader's Club adds $1000 each year while she is in coll..
Prepare a schedule of cost of goods manufactured and what is the unit product cost if Knight manufactured 2,160 lamps for the year?
Calculating Ending Inventory in both units and dollars, Cost of Goods sold, Commission to Manager & Gross Profit for the given period and evaluate cost of goods available for sale and the number of units available for sale.
How many pitchers of each type must be sold to break even in 2011?- What would be the new breakeven point if managers switched to the new supplier?
calculation of capital budgeting.a company has the following income statement. what is its net operating profit after
Lisa owns stock in a company which has paid the annual dividends shown in below table calculate the growth rate of these dividends. Calculate the growth rate of these dividends. Calculate the estimated dividend for 2004.
Prepare a statement of cash flows for 2011 .Use the direct method for reporting operating activities, refer to the above situation.
PV factor 10%, 3 periods .751 PV factor 10%, 2 periods .826 PV factor 10%, 1 period .909 PV factor 9%, 3 periods .772 PV factor 9%, 2 periods .842 PV factor 9%, 1 period .917 At what amount should Connor present the note on the December 31, year 2..
Beets 'R' Us processes sugar beets in batches that it purchases from farmers for $57 a batch. A batch of sugar beets costs $12 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process.
Suppose you started up your own landscaping business. A costumer paid you $170 in advance to mow his or her lawn while he or she was on vacation. Prepare the journal entries to record the three transactions.
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