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Great Fender, which uses a standard cost accounting system, manufactured 20,000 boat fenders during 2014, using 144,000 square feet of extruded vinyl purchased at $1.05 per square foot. Production required 420 direct labor hours that cost $13.50 per hour. The direct materials standard was 7 square feet of vinyl per fender, at a standard cost of $1.10 per square foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $12.50 per hour.
Compute the cost and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest Great Fender's managers have been making trade-offs? Explain.
How does the financial planning and strategic planning of the new for-profit status align with the financial and strategic plans of the existing community hospital status?
Prepare the entry on Kathis books related to the transaction - journalize the adjusting entry at Dec.31, assuming bad debts are expected to be 10% of Accounts Receivable.
The Kraft Co. manufactures computer chips at a variable cost of $4 per chip and sells them for $10 each. If the fixed cost is $12,000 per month, what is the number of chips they would need to produce at the break-even point?
Business combinations historically have been accounted for as either a purchase or a pooling of interests. Now, with SFAS 141(R), the acquisition method is required. Explain why did FASB change the rules? Did VIEs have a role in that decision?
What would be average fixed inspection cost per unit at an activity level of 6,600 units in a month? Assume that this level of activity is within the relevant range.
Journalize the transactions for the month of June for Goldenrod Warehouse, using a perpetual inventory system - During the month of June the following merchandising transactions occurred.
question 1. pete is a supervisory with boeing inc. he accepted an assignment as president of boeings pacific operations
Sales salaries paid during 2010 were 60,000.Advances to salesmen were 1,100 on jan1, 2010 and 800 on dec 31, 2010, sales salaries accrued were 1360 on jan 1 2010 and 1380 on dec 31, 2010 - show the computation of sales salaries on accrual basis fo..
The lower-of-cost-or-market rule can be applied to
Should penalties for breaches of the financial reporting requirements of the Corporations Act be increased? Discuss or explain.
What would it cost an insurance company to replace a family's personal property that originally cost $18,000? The replacement costs for the items have increased 15 percent
The company's effective tax rate on all items affecting comprehensive income is 30%. Each component of other comprehensive income is displayed net of tax.
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