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Galante Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, Kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,980 tenant-days. Kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue — $29.50 Wages and salaries $2,000 $5.50 Food and supplies 200 10.30 Facility expenses 7,000 2.50 Administrative expenses 6,800 0.30 Total expenses $16,000 $18.60 Actual results for May: Revenue $106,530 Wages and salaries $23,400 Food and supplies $36,780 Facility expenses $19,150 Administrative expenses $9,120 The net operating income in the flexible budget for May would be closest to:
Standard hours allowed for the work done is 20,400 hours. The predetermined overhead rate is $7 per direct labor hour. Compute the total overhead variance.
question problem 1nbspnbspnbspnbspnbspnbspnbspnbspnbspnbsppart ain late 2010 the nicklaus corporation was produced. the
Complete the below table to calculate the price of a $2.0 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided..
Which do you think is more expensive for most (publicly held) companies, the cost of debt, or the cost of equity? Do not claim the reason that it could be both -- pick one and defend your answer with an explanation and other sources.
Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit that should be eliminated in the consolidation process at the end of 2011 is
The Thomlin Company forecasts that total overhead for the current year will be $11,673,195 and that total machine hours will be 168,112 hours. Year to date, the actual overhead is $7,840,877 and the actual machine hours are 85,085 hours. If the Thoml..
Quantco, a domestic corporation, is an engineering consulting firm that has its main offices in San Diego, California. Because Quantco does a considerable amount of business in China, it has a branch office in Beijing. Compute Quantco's creditable fo..
Journalize the entry to record the amount of cash proceeds from the sale of the bonds - the amortization of the bond discount, using the interest method.
Prepare necessary ledger accounts in the books of both thep arties .also show how the consignment stock will appear in the balance sheet.
Jesse is an 80% shareholder of Jackson Corp. In year 1, Jesse contributed property with an adjusted basis of $30,000 and a FMV of $27,000 to Jackson in a transaction qualifying under Sec 351. In year 4, Jackson adopted a plan of complete liquidation ..
compute thenbsp break even- pointnbsp in terms of dollars.penury company offers two products. at present the following
Compute the materials price and usage variances, the labor rate and efficiency variances and the overhead budget and volume variances.
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