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Problem 1: The standard labor cost in the production of a pair of Golden Brand athletic shoes is 0.40 hours at $13.00 per hour. During the month of June, 23,680 pairs were produced. Actual labor costs were $90,240 for 7,520 hours. Compute the labor rate and labor efficiency variances for the month of June.
Assume for a firm that budget product,If the 30 June inventory of materials was 5000 kg, how many kilograms of direct material should be purchased during July?
Demonstrate the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
Advise Misfitz as to the purpose of vision and mission statements, and assess Misfitz's current mission and vision statements for alignment
What is the division's return on investment? Last year the division had total sales of $8,910,000, net operating income of $962,280
The managers of a company that leases trucks to shipping companies.Describe the data matrix that would be likely to be sufficient for calculating this estimate.
On April 1, the start of the loan period, Calculate the expected cash collections for April, May, and June, and for the three months in total.
What is the amount of manufacturing overhead allocated to the completed job (round your intermediate calculations to one decimal place)?
R makes one product, which passes through a single process. Details of the process account for period 1 were as follows There was no work-in-progress at the beginning or end of the period. Process losses have no value.
The target (standard) cost per unit is $9.45. Comment on Mr. Sawyer's motives for establishing the percentage of completion at 60% rather than 40%.
Calculate the predetermined overhead rate to be used in each company during 2013. Prepare a production cost worksheet using 5 steps approach.
Find present value payback period, in years, of the proposed investment under the assumption that cash inflows occur evenly throughout the year.
What is the markup percentage on total cost? (Round answer to 0 decimal places, e.g. 45%.) The following is Crane Company's income statement for the past year.
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