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Dog's Best Friend manufactures dog food. During the month, it manufactured 3,000 bags of kibble, using 0.25 hour of direct labor per bag at a rate of $9.00 per hour. The materials and labor standards for manufacturing the bags of kibble are: The company actually used 3,300 pounds of beef at a price of $1.10 per pound. It also purchased 3,000 bags at a price of $0.15 per bag. Required: If your answer is zero, then select "Neither favorable nor unfavorable" from dropdown box.
A. Determine the total materials price variance and whether it is favorable or unfavorable.
B. Determine the labor efficiency variance and whether it is favorable or unfavorable.
Dobles Corporation has provided the following data from its activity-based costing system: Activities Estimated Overhead Cost Expected Activity Assembly $978,200 67,000 machine-hours Processing orders $94,905 1,900 orders Inspection $134,292 1,860 in..
Scottsdale Ltd. has the following cost information available for various months of production: Determine the variable cost per unit. Determine the fixed cost. Estimate the total cost for 30,000 units of production. Compute the break-even point in dol..
Evaluate your company performance in relation to GRI standards and comment on Stigler's theory and discuss the standards that are inherent in Global Reporting Initiative.
Journal entries for Sold Merchandise Inventory on account - Shipping charges of $1, 020 were paid by the purchaser.
Complete the table below and assess the company's performance over the last three years - Evaluate long-term solvency of the company over the last three years.
What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year and How are the direct write-off method and the allowance method applied in accounting for uncollectible accounts receivables?
Harbor (lessee) signs a five-year capital lease for office equipment with a $10,000 annual lease payment. The present value of the five annual lease payments is $41,000, based on a 7% interest rate. Prepare the journal entry Harbor will record at inc..
Plan the sale of assets by Sidney to the new corporation in such a way that he has minimum tax consequences and receives the maximum amount of non-share consideration without any immediate tax liability
Explain why you did or did not record item d, the hiring of the president, in a T-account - Prepare a balance sheet at December 31, 2013. Classify the balance sheet as appropriate (into current assets, fixed assets, and so on).
Ray contributed personal-use property to the RST Partnership in exchange for 25% interest. At the time of the contribution, the property had an adjusted basis of $10,000 and a FMV of $5,000. What is RST Partnership's basis in the property?
Each preferred share received an annual per share dividend of $10 and is convertible into four shares of common stock. Knight did not own any of Stoop's preferred stock.
ABC Company accepted a national credit card for a $3,000 purchase. The cost of the goods sold is $2,400. The credit card company charges a 3% fee. What is the impact of this transaction on net operating income?
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