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DT Co. produces picture frames. It takes 3 hours of direct labor to produce a frame. DT's standard labor cost is $11.00 per hour. During March, DT produced 4,000 frames and used 12,400 hours at a total cost of $133,920. (a) What is DT's labor rate variance for March? (b) What is DT's direct labor efficiency variance for March? (c) Record the labor costs and the variances for DT.
Memo on Capitalization of Cable Equipment
comparative balance sheets for 2013 and 2012 a statement of income for 2013 and additional information from the
Jurassic Company owns equipment that cost $1,867,500 and has accumulated depreciation of $788,500. The expected future net cash flows from the use of the asset are expected to be $1,037,500. The fair value of the equipment is $830,000.
records of the genesis corporation reveal the following information about inventory during the year.january1 beginning
amdahl corporation manufactures large-scale high performance computer systems. in a recent annual report the balance
Give some examples of up-front financing costs associated with residential mortgages. What rule can one apply to determine if a settlement (closing) cost should be included in the calculation of the effective borrowing costs?
mathis inc. is a designer and manufacturer of womens clothing and specializes in high-end womens winter fashions.
if a cpa fi rm completes a nonpublic company audit of adam companys fi nancial statements following aicpa generally
On June 1, 2007, Rehman, Inc. issued $600,000, 6% bonds for $587,640, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2017. The bonds are callable at 102.
What would expected net income be if the company experienced a 10 percent increase in fixed costs and 10 percent increase in sales volume?
Jonas Lumber Company owns a 7,000-acre tract of timber purchased in 2003 at a cost of $1,300 per acre. At the time of purchase the land was estimated to have a value of $300 per acre without the timber.
At the bottom of Hart Candy's statement of cash flowswas a separate section entitled "Noncash investing and financing activities." Give three examples of significant noncash transactions that would be reported in this section.
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