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Fraize Corporation makes a product that uses a material with the quantity standard of 9.5 kilos per unit of output and the price standard of $4.00 per kilo. In July the company produced 7,000 units using 68,850 kilos of the direct material. During the month the company purchased 73,600 kilos of the direct material at $3.70 per kilo. The direct materials purchases variance is computed when the materials are purchased.
cost allocation and decision making. geenbold manufacturing has four divisions named after its locations arizona
Emu Company, which was formed in 2010, had operating income of $200,000 and operating expenses of $120,000 in 2010. In addition, Emu had a long-term capital loss of $10,000.
Assume that Emilie Co. paid the balance due to De Ravin Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
auditors found out that campbell was delaying payments to creditors at year end and selling inventories as huge
The spectrometer would have no effect on revenues, but it is expected to save the firm $25,000 per year in before-tax operating costs, mainly labor. The firm's marginal federal-plus-state tax rate is 40%.
one of your best individual clients is thinking about starting up a new business and he is seeking your advice on
Your friend Mark suggested that you should open an Individual Retirement Account. He said that an IRA is a great way to save because you do not have to pay tax on the income from the investment and you get a tax deduction for your contribution.
garcia company began 2010 with net assets of 80000. net income calculated by using the capital maintenance concept was
zia motors is a small automobile manufacturer. chris rickard the companys president is currently evaluating the
during the month of october 2011 miller company had the following transactions 1. revenues of 10000 were earned and
Seether Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon bonds on the market that sell for $930, make semiannual payments, and mature in 20 years. The company should set a cou..
1. would you agree with someone who said that a situation analysis is not particularly useful since all competitors in
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