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Multiple choices on Variance analysis.
The following company information is available
Direct materials used for production
36,000 gallons
Standard quantity for units produced
34,400 gallons
Standard cost per gallon of direct material
$6.00
Actual cost per gallon of direct material
$6.10
The direct materials quantity variance is:
Calculate the price and mix variance for each material used, calculate the total material yield and total material usage variance.
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calculation of various financial ratios and free cash flow.landrys restaurants inc.nbspnbspnbspbalance
At the beginning of 2011, there was $2,000 of materials on hand. During the year, the company purchased $305,000 of materials; however, it paid for only $292,500. Explain how much inventory was requisitioned for use on jobs during 2011?
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The company pays 50 percent of accountings payable in the month of purchase and the remaining 50 percent in the month subsequent purchase.
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Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance.
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