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Peanut's Manufacturing produces baseball equipment. The standard cost of producing one unit of model XHR is: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.20 Total $10.35 At the start of 2008, Peanut's planned to produce 80,000 units during the year. Annual fixed overhead is $56,000 and the standard for variable overhead is $1.50 per unit. The following information summarizes the results for 2008: Actual production was 75,000 units. Purchased 275,000 ounces of material at a total cost of $343,750. Used 266,250 ounces of material in production. Employees worked 22,000 hours and were paid $275,000. Actual overhead incurred was $175,000. What is the overhead volume variance? $11,000 unfavorable $3,500 unfavorable $10,000 unfavorable $6,500 unfavorable
Compute the employer's FICA taxes for the pay period ending December 18. OASDI taxes HI Taxes, OASDI taxable earnings $ HI taxable earnings $ , OASDI taxes $ HI taxes $
the income statement for mary hatch inc. appears below. mary hatch inc. income statement for the year ended december 31
1. suppose the tax rate is 30 if taxable income is positive and 0 if taxable income is negative. consider the
roman and clive have a plan to manufacture barbeque grills. they are writing their business plan for roman amp clive
Identify required variables and choose descriptive names anddata types for each and draw the hierarchy chart for this program.?c) Write the pseudocode for this program.
the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months.
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During 2010 Silas Inc. had sales revenue $564,000, gross profit $264,000, operating expenses $99,000, cash dividends $45,000, other expenses and losses $30,000. Its corporate tax rate is 30%. What was Silas's income tax expense for the year?
how does information technology auditing differ from financial auditing? make a list at least 10 of the skills you
1. your brother is short on cash and cannot pay his rent this month. you pay his rent for him. is this taxable income
a sporting goods store purchased 7600 of ski boots in october. the store had 3600 of ski boots in inventory at the
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