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Kolinchak Company planned to purchase 16,250 pounds of material this year at $2.40 per lb. Actual results indicate that 18,000 pounds were purchased at $2.00 per lb. What is the direct materials price variance?
Calculate the maintenance cost that would be budgeted for the month of May in which 5,700 machine hours are planned to be used.
Assuming that total dividends declared in 2003 were $88,000, and that the preferred stock is not cumulative but is fully participating, each common share should receive 2003 dividends of what amount?
Compute the net operating income - assuming that the company uses absorption costing, compute the net operating income. Show computations.
Prepare a journal entry for carlton company sells office equipment on sept.2007, for $21,000 cash. the office equipment originally cost $72,000 and as of Jan.1 2007 had accumulated deprication of $42,000. Depreciation for the first 9 months of 200..
What is the recognized gain or loss to Finch and to Cardinal as a result of Finch's liquidation?
veasy roller inc. manufactures plastic mats to use with rolling office chairs. its standard cost information for last
The minimum lease payments were determined to have a present value of $208,493 at an effective interest rate of 10%. In 2009, Dalton should record interest expense of
Moon uses the effective interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2004, Moon's unamortized bond discount should be:
What are the differences between accrual and cash basis accounting? Why is cash accounting not appropriate for financial reporting?
turner inc. began work on a 7000000 contract in 2010 to construct an office builidng. during 2010turner inc. incurred
How does a customer benefit by our spending $50,000 on a supposedly better accounting system?" How should the controller respond?
Use the accrual-basis of accounting for income tax reporting purposes. Why?
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