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Problem 1: Alpha Company produces a product that requires 2 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 35,000 pounds, which were purchased at $4.00 per pound, the direct materials price variance is _____.
A. $8,750 favorable B. $8,750 unfavorable C. $18,750 favorable-AH D. $18,750 unfavorable E. none of the above
Prepare responsibility report for the Water Division. Elbert Company accumulates the summary data for the year ending December 31, 2014
CHAVEZ CORP. currently sells 1 product,How much profit will CHAVEZ have if a price of $48 is charged? What price should CHAVEZ charge to maximize profits?
Prepare sales budget, by month and in total, for the third quarter. (Show your budget in both units and dollars.) Also prepare schedule of expected cash
How many rail cars would be required to satisfy all of the current demand? McTavish can pick and choose which container are loaded and which customers to accept
Lin Corporation has a single product whose selling price is $120, Calculate the dollar sales needed to attain a target profit of $15,000.
Prepare the schedules for each month in the first quarter of 2017 and for the quarter in total. Determine balances at March 31, 2017
What is the balance in Finished Goods on March 31? What is the balance in Work-In-Process on March 31? What is the total manufacturing cost incurred by Job 90?
Jim-N-John uses a weighted-average process costing system. How many equivalent units with respect to conversion costs did Jim-N-John complete during January?
Income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avey Corporation is?
Explain in your own words why separation of duties is often described as the cornerstone of internal control for safeguarding assets. Describe what can happen if the same person has custody of an asset and also accounts for the asset.
What would be the fixed cost per unit at an activity level of 3,500 units? Assume that this level of activity is within the relevant range.
Develop quantitative skills necessary to read, interpret and perform the calculations for the accounting reports involved in cost control and profit planning - How do strategic planning, long range planning and budgeting differ?
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