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Inventory Analysis:
A company reports the following:
Cost of goods sold $262,800
Average inventory 58,400
Problem 1: Compute the inventory turnover and the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
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Determine the standard variable cost of the 1,700 tents produced, separated into direct materials and labor. Compute all standard cost variances for materials
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The actual wages and salaries for the month was $25,510. The spending variance for wages and salaries in April would be closest to
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Assume that X is a hyper-geometric random variable with N = 17, S = 6, and n = 7. Calculate the following probabilities. (Round your answers)
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What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process?
What the portion of the total overhead variance caused by incurring more overhead costs than are allowed for the actual level of activity achieved is called
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