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Question - Sky Castle Manufacturing Company has total underapplied overhead variance of P2,582.50. The budget variance had been P2,662.50 unfavorable. Efficiency variance, then, was P137.50 favorable. Upon review of operations, it was ascertained that the actual variable overhead amounted to P46,000. The standard overhead rates are P55 per machine hour for variable overhead and P32 per machine hour for fixed overhead. Actual overhead machine hours, both for variable and fixed, is 800 machine hours. How much was the entity's actual fixed overhead?
A computer used in business. It was purchased on Jan 1, 2013 for $10000. What is the depreciation that may be taken for tax purposes
Identify and discuss four inherent operational risk factors in terms of the business exposures and potential consequences that Mr Baloyi will face according.
What are some internal controls related to cash? Why is control over cash important? What are the pros and cons of segregation of duties over cash? Why is a bank reconciliation considered an internal control over cash? How does it provide control?..
During March 2017, Toby tool & Die Company worked on four Jobs. Prepare a report for the plant supervisor on direct labor cost variances for March
What are the pros and cons of lending to my next door neighbor rather than putting my surplus funds in a bank?
Prepare a forecasted contribution margin income statement for 2012 that shows the expected results with the machine installed
What is the total cost of goods transferred out using the FIFO method
mosley manufactures a product that requires 2 pounds of direct material. in 2010 mosley purchases 24000 pounds of
Common stock, $?? par value, authorized 30,000 shares issued 20,000 shares; What was the par value of the common stock
Strative costs would not be incurred. What is Salisbury's minimum price in order for them to accept the offer from the new customer (instead of Gilbert Company)?
1. after the accounts are adjusted and closed at the end of the fiscal year accounts receivable has a balance of 340000
Read the Case and the attached excel solution and answer the following question in a report - Evaluate the cost and profitability of the cheque account product
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