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Question - In September, Larson Inc. sold 41,500 units of its only product for $405,000 and incurred a total cost of $375,000, of which $40,000 was fixed costs. The flexible budget for September showed total sales of $450,000. Among variances of the period were: total variable cost flexible-budget variance, $9,500U; total flexible-budget variance, $78,000U; and, sales volume variance, in terms of contribution margin, $42,000U. Determine the total amount of variable costs in the flexible budget for September?
under the banking agencies regulatory classification guidelines substandard assets are defined as assets that are
a petty cash fund a. should have at least two custodians b. is established to pay on-the-spot minor purchases. c.
A function has fixed cost of 80000 birr associated with the manufacture of dresses that cost 25 birr to produce. The firm cells all the dresses it produces.
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000. Determine Towson Company's Net Cash Flows from Operating Activities
Assume that subsidiary reported an after-tax net income of $20,000 in 2020, what would be subsidiary's adjusted net income for the year
In Accounting, what is bank reconciliation statement and what is its importance? Describe how it is prepared? Explain in the details
A building acquired at the beginning of the year at a cost of $86,300 has an estimated residual value of $3,300, Determine The annual straight-line depreciation
Question - What are the investment amount and the annual cash flow if present value cash flows are $33,000, net present value $3,000
Selected transactions of the Lizard Lick Corporation during 2010 are as follows:
Dark beer 240,000 cases produced; 120,000 cases sold at P 15 each. What the portion of joint production costs assigned to dark beer
Fedora Inc. uses a weighted-average process costing system and has one production department. Determine the conversion cost per equivalent unit
Which division had the higher return on investment (ROI) in 2019 and why? Which division had the higher residual income (RI) in 2019 and why
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