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Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is .2 hours and .1 hours, respectively. The standard direct labor rate per hour is?
A company has a standard of 2 hours of direct labor per unit produced and $18 per hour for the labor rate. During last period, the company used 9,500 hours of direct labor at a $152,000 total cost to produce 4,000 units. Compute the direct labor r..
Helping Hands uses an accrual basis accounting. For which of the events above should an expense be recorded in May? Ineach case, how much expense should be recorded? If an eventdoes not involve an expense, specify why not.
smith manufacturings bank has just informed the companys cfo that an audit is required to obtain an operating line of
What are the two types of audit tests? What are some examples of each of these two types of tests? How will the auditor use the data gathered from these tests? - Answer 150-200 words.
Assume that the present value at January 1, 2002, of all rent payments over the lease term discounted at a 10 percent interest rate was $5,280,000. What amount of interest revenue should Baxter record in 2003 (the second year of the lease period) ..
the file lsquosuv contains the overall miles per gallon mpg of 2010 family suvs.a compute the mean median and the
Using the estimated sales and production of 10,000 pairs of skis as the expected volume, the accounting department has developed the following cost per pair of skis and bindings:
david winner is to retire from the partnership of winner and associates as of the end of the current fiscal year.
The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. Prepare a bank reconciliation for the month of October. Prepare the necessary..
If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?
selected comparative financial statements of korbin company followkorbin companycomparative income statementsfor years
justin zinder is a venture capitalist facing two alternative investment opportunities. he intends to invest 1 million
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