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The standard cost of product 2525 includes 1.83 hours of direct labor at $13.90 per hour. The predetermined overhead rate is $20.60 per direct labor hour. During July, the company incurred 4,260 hours of direct labor at an average rate of $14.60 per hour and $69,276 of manufacturing overhead costs. It produced 1,900 units. (a) Compute the total, price, and quantity variances for labor. Total labor variance $ unfavorable Labor price variance $ unfavorable Labor quantity variance $ unfavorable (b) Compute the total overhead variance.
Determine the investment’s net present value, the internal rate of return and payback period. All key assumptions should be specified and explained.
Questions on construction costing and accounting - complete the project. Using the percentage-of-completion method, Indiana
During the year, ABC LP generated a ($90,000) loss. explain how much of Sue's loss is disallowed due to her tax basis or at-risk amount?
Prepare a budgeted Income Statement - Prepare a budgeted income statement for next year assuming that the company reduces prices as planned.
During 2012, half of the treasury stock was resold for $270,000; net income was $550,000; Illustrate what was shareholders equity as of Dec 31, 2011?
Purpose a Master (Static) Budgeted Income Statement using variable costing
Evaluate the exponentially smoothed forecast of calls for each week. Suppose an initial forecast of 50 calls in the first week and use smoothing constant for forecasts=0.1 evaluate is the forecast for the 25th week?
Melanie could like you, the staff accountant, to charge the advertising expense for the Hobby department to Toy's. With only these facts, would you modify the accounting for the two departments?
Prepare and interpret a complete ratio analysis of the firm's 2006 operations and Summarize your findings and make recommendations.
Tornados have never before occurred in this area. Assuming that the companys tax rate is 30%, what amount will be reported for this loss on the income statement?
What was Disney's amount of working capital at year-end 2004? Did it change significantly and Compute the working capital ratio at year-end 2004 and year-end 2003. Did it improve or deteriorate between 2003 and 2004?
Under what circumstances would you need a non-parametric test - When you think your sample size is too big.
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