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Crede Manufacturing Company uses a standard cost accounting system. In 2020, 25,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $9. Normal capacity was 45,100 direct labour hours. During the year, 115,000 kg of raw materials were purchased at $0.96 per kilogram. All materials purchased were used during the year.
Question 1: If the materials price variance was $4,600 favourable, what was the standard materials price per kilogram? (Round answer to 2 decimal places, e.g. 5.25.)
How does Ethiopian Airlines revised payment schedule affect your answers to (a) and (b) in requirement 1?
Determine the cash disbursement for manufacturing overhead for the quarter and determine the predetermined overhead rate for the quarter.
Calculate cash received from customers in 2019. Calculate cash paid for inventory in 2019. Calculate cash paid for taxes in 2019.
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The cost of direct labor is $40 per hour. What is the predetermined overhead allocation rate for FooRah
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Profit margin is calculated by dividing which of the following: net income by stockholders' equity. sales by cost of goods sold. gross profit by net sales.
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Selected year end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $ 48,900; total assets, $ 189,400; common stock, $ 90,000; and retained earnings, $ 2..
Determine the probabilities of selling products in each of the months, then how many units are expected to be sold in each of the first three months?
Determine a method to allocate fixed costs and determine the profitability by boat. Make sure you disclose the method you use to allocate fixed costs.
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