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Question - Maricol Company uses a standard costing system in connection with the manufacture of their product "X". Each unit of finished product contains 2 yards of a direct material. However, a 20% direct material spoilage calculated on input quantities occurs during the manufacturing process. The standard cost of the direct material is P3 per yard. For the month, the company purchased 100,000 yards of direct material for P350,000 and used 90,000 yards to produce 40,000 units of Material X. Compute the Price variance, Efficiency variance and Materials variance.
describe the establishment of cookie jar reserves as a significant audit issue. However, the text states that they very rarely are involved in frauds.
ABC and XYZ have net income in 20x6 of P293,000 and P802,000 respectively. What is the amount of net income to non-controlling interest in 20x6
Assuming that Lyon Productions uses activity-based costing (ABC) to apply overhead to production, calculate the total cost per unit for Chevalier and Dame
He did not electa Sec. 179 deduction for the van. What is Greg's allowable depreciation deduction for 2010
pat purchased 10 of nellie bell on january 1 2010 for 400000 cash and did not have the ability to exercise significant
Quality Control
Determine why funding is needed for the company. Determine the sources of funding. Consider self-funding, borrowing, loans, equity, venture capital, etc.
Discuss how Saints Ltd should recognise the exploration costs under appropriate Australian Accounting Standards? Justify your answer.
The Activity A is 100% complete. However, Activity B is only 75% complete. Calculate the cumulative Actual Cost for task A & B
Note that Delta has $20 million in debt and 10 million common shares outstanding. What is Deltas current value per share
Review Apple, Microsoft, or Alphabet's most recently published income statement, balance sheet, and statement of cash flows. State which company you selected.
Explain the moral system of Kant. Explain what Kant regards as the only good and why. Explain the categorical imperative
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