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For the past two years, NE Company's best-selling product has been a titanium engine block. Standard direct labor hours per block are 2.0 hours. All direct labor employ- ees are paid $24 per hour. During July, NE produced 16,000 blocks. Actual direct labor hours and costs for the month were 31,000 hours and $775,000, respectively.
1. Compute the direct labor rate variance for blocks during July.
2. Using the same data, compute the direct labor efficiency variance for engine blocks during July. Check your answer, assuming that the total direct labor cost variance is $7,000 (U).
Compute the predetermined overhead rate using traditional costing with machine hours as the basis and what is the manufacturing cost per stairway under traditional costing?
Expenses accrued and still unpaid were $6,000 as at December 31, 2007, and $9,000 as at December 31, 2008. Can you show the computation of expenses on the accrual basis for the year 2008?
Compute the gross-margin percentage for each product sold in December and show the effect on operating income of any changes yourecommend.
Claire uses her own small tools, however the compan supplies a riding lawn mower for her use. Her contract at the company is the Facilities Manager who signs her monthly invoices for processing by Accounts Payable.
Bullock Furniture Company manufactures furniture. Bullock uses a job order cost system. Balances on April 1 from thematerials ledger - Determine the April 30 balances that would be shown in the materials ledger accounts.
Which stock has the highest expected return and which one has the highest risk in terms of volatility and determine the average return and the standard deviation of returns for each stock
question a. one-third of the work related to 15000 cash received in advance is performed this period.b. wages of 8000
What are the relevant costs that impact the volume production decision(s) at the two locations?
Following is a list of various costs incurred in producing frozen pizzas. With respect to the production and sale of frozen pizzas, classify each cost as either variable, fixed, or mixed.
How much would they have to save each year to reach goal - how much more would they have to save each year to reach their new goal?
Since Melton occasionally prepares snack foods for special orders in the Snack Foods Division, why don't we track costs of the orders separately?
Calculate net income or loss for the year - Calculate net income At the beginning of the current fiscal year, the balance sheet of Hughey
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