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Blue Fin Co. produces a product requiring 10 kilograms of material at $1.50 per kilogram. Blue Fin produced 10,000 products during 2016 resulting in a $30,000 unfavourable materials quantity variance. How much direct material did Blue Fin use during 2016?
Prepare a single-step Income Statement and simple Balance Sheet for Smith Delights Bakery for the year ended December 31, 2011.
Explain the differences between absorption costing and variable costing. Explain, with the help of an example, how a company could use a variable costing system, as well as an absorption costing system.
What is the Fergusons' 2016 federal income taxes payable or refund, including any self-employment tax and AMT, if applicable?
Emil Corporation has an opportunity to buy parts at $9 each that currently cost $12 to make. What manufacturing costs are relevant to this make-or-buy decision?
preparing government-wide financial statementscircus city issued an 8 10-year 2000000 bond to build a monorail mass
Compute the cost per equivalent unit for materials using the FIFO method - compute Costs per Equivalent Unit: Weighted-Average Method
A company manufactures a chemical, Dynamite, using two compounds Flash and Bang. The standard materials usage and cost of one unit of Dynamite are as follows. Calculate the materials usage, mix and yield variances.
One way that I possibly could meet the $1.5 million goal and still record the expense is I could increase production. Even though there is a chance that the items produced may not get sold they will still have direct overhead assigned to them.
Prepare a consolidated statement of cash flows for White Ltd Group for the year ended 30 June 2015 in accordance with AASB 107 using the direct method. Show all workings.
1. identify at least two control procedures for each of the situations below. controls can include physical controls
What was the total amount of bad debts expense recognized during the year and show in the horizontal model or in journal entry format the adjustment required.
Determine the net present value of the investment if the required rate of return is 10 percent. (Ignore taxes.)
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