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Problem 1: Fletcher Company collected the following data regarding production of one of its products. Compute the total direct labor cost variance.
Direct labor standard (2 hrs. @ $12.75/hr.) $ 25.50 per finished unitActual direct labor hours 81,500 hrs.Actual finished units produced 40,000 unitsActual cost of direct labor $ 1,100,250
Select one:
a. $80,250 unfavorable.b. $80,250 favorable.c. $61,125 favorable.d. $61,125 unfavorable.e. $19,125 favorable.
The first process would have a variable cost of $10 per case produced and total fixed cost of $100,000. Compute the break-even point in units for each process
Prepare a table that shows how the cost of supervision behaves in total and on a per-unit basis as production increases from 0 to 250,000 units per year, using 50,000-unit increments.
GHI Company makes light-weight canoes for campers. The president, George Ingalls, enlists your help in predicting the effects of some changes he is contemplating. He gives you the following information:
What The characteristics of Marginal Costing? used for decision making and internal reporting,distinguish between fixed and variable cost
The Pretty Corporation produces small plastic dolls in its Davao manufacturing plant. How many defective units were produced?
Issued 4,900 shares of stock at $45 per share, less costs related to the issuance of the stock totaling $9,000. Prepare the journal entry to record item 1
Why do firms use their cash to buy back company shares vs. pay down dept? As an investor how do you feel about this practice? Who wins?
Discuss the measures that the restaurant can take in the short run (next few months) to maximize its profit? You may also want to discuss the variable inputs
Write a report for the managing director of the orthodontic clinic. an overview of the expected results for the 2021 year including total sales
Select the interval for how often the transaction will be created. Which of the following interval that is not included in the QuickBooks list?
EE Inc. has established a pattern of increasing its dividends by 4% annually and expects to continue doing so. What is the market rate of return on this stock?
Prepare ledger accounts from the transactions.Jan 1: Bought goods on credit from Himani Rs. 40,000. Jan 6: Purchased goods from cash Rs. 20,000
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