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Gentile Corporation makes a product with the following standard costs: The company produced 6,000 units in May using 36,970 kilos of direct material and 4,340 direct labor-hours. During the month, the company purchased 40,400 kilos of the direct material at $4.70 per kilo. The actual direct labor rate was $13.70 per hour and the actual variable overhead rate was $2.70 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for May is: A) $11,880 U B) $11,880 F C) $12,120 F D) $12,120 U
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
Create a scenario in a work environment where the ability to work with multiple workbooks would be essential. Next, identify the single biggest challenge you would likely face in the scenario identified, and then formulate a plan that would best addr..
Which of the following statements is the most accurate based on topics covered in our course this semester? the high low method is a reliable calulation for the cost equation. all costs are variable and cannot be estimated
some transactions are reported in a different way in funds versus government-wide statements but other is not.the state
Clayton Inc. purchased 30% of the outstanding common stock of Austin Industries on January 1, 2014, for $180,000. Austin reported net income of $70,000 for 2014 and declared and paid cash dividends on common stock of $30,000. The amount of Clayton's ..
components of or items in bank reconciliation with example and operation to be done to complete reconciliation.in
Journalize the adjusting entry required as of april 30th. B. if the adjusting entry in (a) were omitted, which items would be erroneously stated on (1) the income statement for the year and (2) the balance sheet as of april 30?
Indicate how these accounts would be reported in Grinkov's December 31, 2014, balance sheet. The 2013 accounts are collectible in 2015, and the 2014 accounts are collectible in 2016.
Kodama Corporation staffs a helpline to answer questions from customers. The costs of operating the helpline are variable with respect to the number of calls in a month. At a volume of 30,000 calls in a month, the costs of operating the helpline tota..
All of the following are project classifications used by Bayside Memorial Hospital except
The company’s president is uneasy about the cost reports, what can be the reason?
What effect will these entries have on the investors statement of financial position - investment in affiliate overstated, retained earnings understated.
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