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Problem 1: CeradyneJewelry produced1,620rings during March. The standard cost of each ounce of gold used in a ring is $1,010per ounce. The standard quantity of material for each ring is a half ounce of gold per ring. The cost of gold purchased and used in March was $816,000at $1,020per ounce. Determine the material price variance and the material quantity variance for March. Indicate whether each variance is favorable or unfavorable.
Eddy Company has opportunity to purchase an asset, Assuming the asset has a five-year useful life and zero salvage value, the unadjusted rate of return will be
View of the managing director of AB Company, what price should Division B charge for XK120, and what volume should be sold in order to maximise return on investment for the company as a whole?
What Replacement cost of a division's assets will most probably be greater than? Gross book value (GBV) of the assets./ Liquidation value of the assets.
Which statement about double-entry accounting is false? It does not require the total value of credit accounts and debit accounts to be equal
In making sound capital budgeting decisions, the principal focus is on? Accounting-based measures of revenues and expenses./After-tax cash flows only.
The company can invest in new equipment of $550,000 to produce more crystal balls. What is the return on investment for the current year
Sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?
Pathao, purchased a new delivery truck for $610,000 which was estimated to have a useful life of 10 years. Calculate the depreciation expense
How to Compute the net present value. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations)
A shoe retailer plans, for the period, What initial markup % is needed for this retailer's merchandise to achieve the desired profit goal?
What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2011, using the direct method? The indirect method?
Company uses a process cost system. The company started march with 2,300 units in work in process-department A. During the month 4,000 units were started. At the end of the month there were 3,200 units in ending work in process-dept.
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