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Pro Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2016, using 146,000 square feet of extruded vinyl purchased at $1.05
per square foot. Production required 410 direct labor hours that cost $15.00 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.10 per square foot. The labor standard was 0.026 direct labor hour per fender, at a standard cost of $14.00 per hour.
Question 1: Compute the cost and efficiency variance for direct materials and direct labor. Does the pattern of variances suggest Pro Fender's managers have been making trade-offs? Explain.
Prepare the journal entry to recognize the transfer of the units completed and transferred to finished goods during October.
Based on this information prepare a Balance Sheet, Income Statement and Statement of Retained Earnings.
Jade Company issues 1,000 shares of $10 par value common stock at $12 per share. What is the journal entry to record the transaction?
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measurement in the context of accountingthe diverse measurement methods developed for different kinds of assets propose
Do you think that you should face the same integrity issues that an outside auditor faces with respect to conflicts of interest? Why, or why not?
How much would operating income decrease if Universal did nothing to recover the increase in cost of goods sold, all other things equal?
Discuss the three major trends that have prevailed in international business during the last two decades.
How many dollars of sales must be generated to produce a target profit of $25,000? How many units must be sold to produce a target profit of $25,000?
On March 31, What would a production budget for the second quarter, with a column for each month and for the quarter look like?
AFE5004-B Management Accounting Assignment help and solution, University of Bradford - assessment writing service - Calculate the manufacturing overhead
Calculate the total change in net income if Alternative B is adopted. (Input all amounts as positive values, except cash outflows and any negative total change in net income which should be indicated by a minus sign.
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