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Pietro's Pizza has established the following standards for making one pizza: Dough: 0.65 pounds at $1 per pound Labor: 0.35 hours at $10 per hour Actual sales volume for the past month was 8,000 units. Actual dough and labor quantities and prices were as follows: Dough: 4,000 pounds (total) at $0.5 per pound Labor: 3,200 hours (total) at $13 per hour Required: (enter favorable and unfavorable variances as positive and negative numbers, without F or U) (a) What are the input price and quantity variances for dough?
input price variance = $ 1 (enter negative numbers with a minus, i.e., negative $100 is -100, not ($100))
input quantity variance = $ 2 (enter negative numbers with a minus) (b) What are the input price and quantity variances for labor?
input price variance = $ 3 (enter negative numbers with a minus)
input quantity variance = $ 4 (enter negative numbers with a minus)
Which statement is true regarding accounting and time frames?
What is the difference between the revenue listed in item (1) and thatlisted in item (6)?
Borderbooks Company has two locations, downtown and at a suburban mall. During March, the company reported net income of $271,000 and sales of $1.2 million. The contribution margin in the downtown store was $320,000 (40% of sales).
since 2005 publicly traded companies in the european union have been required to use ifrs in preparing their
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Discuss whether Lydia Delay behaved in a professional manner by subtracting the discount, even through the discount period had expired. -What would you do? -How should Midwest handle this payment and the irregular use of the discount?
Rachel, Bonnie, and Cindy equally own real property as joint tenants. Cindy sells her one-third interest to Debbie. Neither Rachel nor Bonnie consented to this transfer. Both Rachel and Bonnie die before either Cindy or Debbie. What portion of ..
pratt inc. uses a standard costing system and develops itsoverhead rates from the current annual budget. the budget is
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