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The following information was taken from the accounting records of Reliable Tool Corporation: Work in process inventory, beginning of the year $ 35,000 Cost of direct materials used 260,000 Direct labor cost applied to production 150,000 Cost of finished goods manufactured 707,750 Overhead is assigned to production at $300,000. Compute the amount of the work in process inventory on hand at year-end.
Brooks Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts and to provide the necessary repair labor. During 2014, the corporation sells for cash 471 computers at a unit price of $3,01..
What is an effective way to incorporate variance analysis into the budget process and what are the differences between labor and material variances?
Computation for the operating cycle performance for Raytheon Corp - complete performance measure EVA, Operating Leverage and ROI.
Patterson Cereal includes one coupon in each package of Wheatos that it sells and offers a toy car in exchange for $1.00 and three coupons. The cars cost Patterson $1.50 each. Experience indicates that 40% of the coupons eventually will be redeemed. ..
What is the break-even point in passengers and revenues per month and what is the break-even point in number of passenger train cars per month?
Rachel Rey recently opened her own basket weaving studio. She sells finished baskets in addition to the raw materials needed by customers to weave baskets of their own. Prepare an incremental analysis for the Rachel’s basketweaving shop.
Attribution theory suggests that when we observe an individual's behavior, we attempt to determine whether it was internally or externally caused. Internally caused - those that are believed to be under the personal control of the individual.
How will you adjust the net present value analysis to compensate for inclusion of the interest expense ?
Blaise is a partner in Sweet LLP, which maintains a profit-sharing Keogh plan for its partners and employees. Compute the maximum deductible contribution in each of the following situations: (for 2013 and 2014)
The Kollar Company has a defined benefit pension plan. Pension information concerning the fiscal years 2013 and 2014 are presented below ($ in millions): Information Provided by Pension Plan Actuary: Projected benefit obligation as of December 31, 20..
Tom and Judy Bell, who file jointly, collected $6,000 of Social Security benefits, $18,000 in fully taxable pension payments and $10,000 of tax-exempt interest. How much of their Social Security is included in gross income using 2013 tax tables? How ..
Chahta Enterprises makes watches. Each watch requires materials worth $12.00 and 2 direct labor hours. The supervisor is paid $700.00 per week. The hourly rate is $10.00 for workers. If 25 watches are made per week, compute the fixed costs per watch.
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