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Diekow Productions manufactured and sold 1,000 products at $11,000 each during the past year. At the beginning of the year, production had been set at 1,200 products; direct materials standards had been set at 100 pounds of direct materials at $2 per pound for each product produced. During the year, the company purchased and used 98,000 pounds of direct materials; the cost was $2.04 per pound. At the beginning of last year, Diekow Productions set budgeted fixed overhead costs at $456,000. During the year, actual fixed overhead costs were $500,000. Calculate Diekow Production's fixed overhead budget and volume variances for the year. Assume that fixed overhead is applied based on units of product.
Assume a tax rate of 30 percent. what amount should Garfun report as the consolidated diluted earnings per share?
When a bank reconciliation has been satisfactorily completed, the only related entries to be made in the depositor's records and example of internal control over cash
Identifying the External borrowings requirement or excess cash generated by preparing the pro-forma balance sheet - Forecast the firm's December 31, 2010 pro-forma balance sheet. Identify the external financing need (EFN) or excess cash generated.
Create the adjusting entries using good form for each of the subsequent situations as of January 31 (measurement date) for the one month of January
Harrier repurchases the stock in 2011. On its 2010 corporate income tax return, Harrier plans to deduct a net capital loss of $3,000. Determine the propriety of Harrier's plans.
what is impact if the company adds an additional security guard for the factory at a cost of $41000 per year?
What market price would be paid for this note by an investor, who requires a 12 percent yield on his investments, compounded Quarterly?
Preparation of the balance sheet from the given transactions for events occurred at Handsome Hounds Grooming Company during its first year of business
Calculate the payback period for this investment. Based on this analysis, would the investment be made? Explain your answer.
Prepare the journal entry that Faulkner may record in 2013 related to the change. (If no entry is needed for a particular event, select "No journal entry required" in the first account field.)
The income statement and the balance sheet are produced using a worksheet, but a consolidated statement of cash flows is not. What process is followed for preparing a consolidated statement of cash flows?
What would be Martinez dollar amount projections in his business plan.
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