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Question - Oliver Enterprises has collected the following data for one of its products:
Direct materials standard (7 pounds per unit @ $0.41/lb.) $2.87 per finished good
Direct materials flexible budget variance - unfavorable - $15,000
Actual Direct Materials Used (AQU) - 37,000 pounds
Actual finished goods produced - 26,000 units
Required - How much is the direct materials quantity variance?
area company purchased a delivery van at a cost of 30000 cash on january 1 2013. the van has an estimated useful life
abc company has an effective tax rate of 40. if they have fixed cost of 30000 and want an after tax profit of 65000
What is the difference between the cash basis of accounting and the accrual basis of accounting? Which one would you select for a company that has inventory and why?
At December 31, Serenity recorded pension expense of $100,000, and made a contribution of $70,000 to the pension plan.
Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:
dougs custom construction company is considering three new projects each requiring an equipment investment of 23320.
Special Revenue Funds are used if the law restricts one or more specific sources of revenue, rather than general tax revenues, for specific purposes.
Merchandise inventory costing $18,200 was in the warehouse at December 31, 2009, but was incorrectly omitted from the physical count at that date. The company uses the periodic inventory method.
calculate the amount of depreciation to report during the year ended december 31 2013 for equipment that was purchased
A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals:
The following comment At a minimum we could run city government with the use of only one fund Do you agree with this statement? Why or why not?
40500 shares. quayle declared and paid 0.50 per share cash dividends on march 15 june 15 september 15 and december 15
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