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TinkInc. produces fairy wands which contain the key ingredient of pixy dust. 3 grams of pixy dust. Each fairy wand is budgeted to use at a price of $2.00 per gram. During the quarter, 22,000 grams were purchased for $2.10 per gram, while only 20,000 grams were used in production to produce 7,000 fairy wands.
Problem 1: Compute the direct materials price and efficiency variances. Be sure to indicate whether the variances are favorable or unfavorable.
Name a company that you think uses process costing. Name the company's product and state why process costing is appropriate.- What type of organization or company would use activity-based costing?
Calculate the cost of one unit of product under absorption costing.In the coming year, Kalling Company expects to sell 28,700 units at $32 each.
Make a statement showing fixed cost and contribution margin in relation with monthly sales, assuming that the prices of S&J Limited are fixed.
1. which of the following are easy to trace to individual jobs?nbsp a. direct materials and overheadb. direct materials
questionprepare the 2009 financial statements for the walt disney company on the internet. use those financial
Describe the types of actions the employees at New Fashions may have taken to reduce the accuracy of the standards set by the independent consultant. Why would employees take those actions? Is this behavior ethical?
Compute the allocation rate that was used for the manufacturing overhead in Exhibits 2 and 3. Show your computations in enough detail and with enough organization
Record the cost of the new alarm system enhancements on January 1, 2006. Determine the total depreciation expense reported in the income statement in 2006 from this transaction.
Suppose the firm raises $20 million from equity holders to develop the land. If the firm develops the land, what is the value of the firm's equity today
Evaluate what percentage interest in the pool is held by town and the school district and show entry in the Investment Trust Fund to record the School District's investment in the pool.
Burns produced 8,000 units and sold 6,000 units. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing.
Started in Production- Current Month. Prepare a cost of production report for each department. Round total costs to the nearest peso. Use WAM
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