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Question 1: The Bee Gees Company uses standard costing. During 2013, 12,000 pounds of direct material were purchased at an average cost of $5.20 per pound. Also, during 2013, 10,500 pounds of direct material were used to produce 5,000 units. For 2013, the standards for direct materials were 2 pounds per unit at $5.50 per pound. Compute the direct materials price variance for 2013.
Compute the companys predetermined overhead rate for the year - compute the underapplied or overapplied overhead for the year.
Explain why the numbers decrease as you move from top to bottom in a given column.
HOHO (Help Our Homeless Offspring) is a charity that works at reuniting homeless children with their families. It also operates numerous halfway homes for their care, counselling and shelter.
Iadanza Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume.
The company actually used 650 pounds of direct materials costing $30.00 per pound to make the 8000 units. What is the direct materials quantity variance
Calculate the predetermined overhead rate - What is the total cost of Job 247 - The firm has charged 1,200 direct labor hours to the job
Using the weighted-average method, determine the cost per equivalent unit for conversion for Finishing. (Round your answer to 2 decimal places.)
Determine total product cost per unit for each product using an activity based costing system. Use the number of units as the cost driver for each activity.
Can you distinguish between bad stocks and bad companies? Does the fact that the industry is declining mean that the stock is a bad buy?
What was Cost of Goods Sold in 2014?
Journalize the transactions of July 5, November 3, and December 10 and what is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?
Build a spreadsheet: Construct an excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following information changes: the downtown store's sales amounted to $235,000, and its variable expenses were..
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