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Gunnie Inc. produces and sells dog food. Each bag contains 20 pounds of dog food. Following additional information is provided by the company: Direct materials quantity standard 10 pounds per unit Direct materials price standard $0.02 per pound Direct labor time standard 0.1 hour per unit Direct labor rate standard $10.00 per hour Variable overhead rate standard $2.00 per machine hour Fixed overhead rate standard $1.00 per machine hour Machine hour standard 0.50 hours per unit Compute the standard unit cost for each bag.
a company had a 56000 unfavorable direct material efficiency variance during a time period when the standard rate per
thomson corporationstockholders equitydecember 31 2007common stock 40000 authorized 25000 issued andoutstanding with
Calculate the total interest on the note. What is the principal amount of the note
What is the acquisition cost of each asset? Prepare a journal entry to record the acquisition. Danny plans to depreciate the operating assets on a straight-line basis for 20 years. Determine the amount of depreciation expense for 2010 on these newl..
Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $242,000, and a desired minimum rate of return of 15%.
A transaction that is likely to cause an increase in a current liability is: A. payment of accrued wages. B. accrual of interest expense.
Assuming the building was a manufacturing plant instead of an apartment building.
At the high level if activity in November, 7,000 machine hours were run and power costs were $18,000. In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $9,000. Using the high-low method, what is the estim..
Prepare the April 1, 2012, journal entry for Prince Company - Prepare the journal entry to record this payment.
in a year of rising costs and prices the firm reported net income of 480000 and average assets 3600000. if natco had
Inventory observations involve an auditor understanding the company's planned counting procedures, so that the auditor can conclude the count was adequately planned and executed.
if a company chooses the lifo method of inventory valuation which inventory will appear as ending inventory on the
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