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Cox Company uses standard costing. The following data are available for April:
Actual quantity of direct materials used ...... 12,200 gallonsStandard price of direct materials ......... $4 per gallonMaterial quantity variance ............ $2,000 unfavorable
The standard quantity of material allowed for April production is:
A. 14,200 gallons
B. 12,700 gallons
C. 11,700 gallons
D. 10,200 gallons
Should bay side sell the plant or comply with the new federal regulations? To simplify calculations, assume that any additional improvements are paid for on December 31, 2012.
List three examples of non monetary information that might appear in a managerial accounting report.
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Target costing. Rainbow Cruises operates a week long cruise tour through the Hawaiian Islands.
What is the present value of $600 per year for five years if the required return is 10 percent (answer using Table 2 in Appendix B).
Use a separate set of journal entries and T-accounts for each method. Assume all transactions are cash transactions.
Calculate overhead allocation rates based on direct labor hours, direct labor cost, and machine time.
Harbor Enterprises, Inc. (HE) manufactures electrical components.
In accounting for inventory, it made an error at the end of year 2012 that caused its year end 2012 inventory to appear on its statements as $ 230,000 rather than the correct $ 250,000.
Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary.
Please clearly note the name of the company and financial year in your response subject line.
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