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1. Compute the following for August:
a. Total pounds of direct materials purchased
b. Total number of pounds of excess direct materials used
c. Variable manufacturing overhead spending variance
d. Total number of actual direct manufacturing labor-hours used
e. Total number of standard direct manufacturing labor-hours allowed for the units produced
f. Production-volume variance
2. Describe how Gallo's control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.
What are the advantages of using the ROI measure rather than the value of division profits as a performance evaluation technique?
Why is the accumulated deficit larger in the current year than in the prior year?
Prepare an income statement for the company using absorption costing and prepare an income statement for the company using variable costing.
Rice Co. exchanged merchandise that cost $24,000 and normally sold for $36,000 for a new delivery truck with a list price of $40,000. The delivery truck should be recorded on Rice's books
Sheri and Meri qualify as Laureen's dependents. Laureen also paid $1,900 for her son Ryan's (also Laureen's dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,200 for herself to attend semi..
Evaluate the relevant costs of the old machine and the new machine.
The new patent will protect the value of the old one only for a 4 year period. Illustrate what are the adjusting journal entries
Ted also owns a 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders. How much must Ted include in his gross income as a result of being a shareholder in these two corporations?
If the Gross margin dollars for the men's department at a local department store are $875,197 and the department net sales are $ 1,592,630 what the gross margin percent for the department?
Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,400 in miscellaneous itemized deductions, excluding investment expenses.
Suppose it is 1990 and the spot direct quotes for the Swedish krona and French franc are $.1395-99 and $.1130-33, respectively. What is the direct quote for the krona in Paris?
The supervisor of the Logistic's Department has suggested to the plant manager that a new machine costing $285,000 be purchased to improve material handling operations for the plant's newest product line. How should the plant manager proceed with ..
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