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During 2010, Bo Company produced a toy. The toy was assembled from material expected to cost $20 per ounce and two ounces were expected to be needed for each toy. Assembly was expected to require 1.5 hours per toy, at $10 per hour. During the year, variable factory overhead was applied at the rate of $4 per direct labor hour. 5,000 toys were produced during 2009, using 11,000 ounces of material costing $378,000, 8,000 hours of direct labor costing $90,000, and variable factory overhead totaling $28,000.Compute the prime cost variances for 2010.
a company decided to change its inventory valuation method from fifo to lifo in a period of falling prices.what would
simple plant manufactures dna test strips. manufacturing overhead is applied to unit produced using direct labor
If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm's budgeted payables balance on June 30?
1. accounting methods used by a company to determine income for financial reporting purposes frequently differ from
What are the incremental costs, if any, in this alternative-choice situation and what are the sunk costs, if any, in this situation?
coffee bean inc. cbi is a processor and distributor of a variety of blends of coffee. the company buys coffee beans
pearson architectural design began operations on january 2. the following activity was recorded in the companys work in
data concerning homme corporations single product appear
identify criteria for evaluation of the mission statement, measure achievement, and offer a conclusion on the evidence presented.
turnip company purchased an asset at a cost of 10000 with a 10-year life during the current year. turnip uses differing
Suppose that at the end of 2010, the Lancer Boutique used $1.5 million cash to pay off $1.5 million of accounts payable. Compute the new current ratio?
On the benefit side, Camus estimated that the new process would save $135,000 per year in environmental costs (fines and cleanup costs avoided). The cost of capital is 10%. Ignore tax effects. Is it beneficial to implement the new design process?
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