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Problem 1: Gala Enterprises reports the following information regarding the production of one of its products for the month. Compute the total direct materials cost variance, the direct materials price variance, the direct materials quantity variance and identify each as either favorable or unfavorable.
Direct materials standard (6 lbs. @ $3/lb.) $18 per finished unitActual direct materials used 179,000 lbs.Actual finished units produced 30,000 unitsActual cost of direct materials used $554,900
During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; Determine the dividends per share
Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance
Frank's Computer Monitors, Inc., currently sells 17", What is the change in operating income if marketing is correct and only the sales price is changed?
As a business leader, how can you achieve greater supply chain integration with suppliers and customers - Do you feel that Amazon sets an example for other companies to model regarding supply chain integration? Be sure to explain your rationale.
How does the matching concept affect accounting for fixed assets? What factors must be known or estimated in order to compute depreciation expense?
A's costs are mostly variable, whereas Company B's cost mostly fixed. When sales increase, which company tend to realize greatest increase in profits? Explain.
Determine the payback period for each product and Calculate the accounting rate of return - Would you invest in one of these projects?
Calculate the overhead application rate using the traditional method, using the sheet "traditional overhead rate" sheet"
How much fixed manufacturing overhead is in ending inventory under full costing?
how many Product A, Product B, and Product C need If Biggers Company monthly target after tax profit is $80,000, Biggers currently pay 20% tax rate.
Explain What is business processing outsourcing (BPO)? What is outsourcing? Why might a company outsource some or all of its cash management processes?
Evaluate the current system of transfer pricing at StrictlyFans from the Electrical Components and the Housing Components perspective.
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