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Question: As a three-person team, choose an activity that is commonly performed every day, such as taking a shower/bath, preparing a meal, or doing homework. Have each team member time him- or herself performing that activity for two days and then develop a standard time for the team. Now have the team members time themselves performing the same activity for the next ï¬ ve days.
a. Using an assumed hourly wage rate of $12, calculate the labor effi ciency variance for your team.
b. Prepare a list of reasons for the variance.
c. How could some of the variance have been avoided
Determine the amount of interest to be capitalized in 2010 in relation to the construction of the building. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2010."
On January 1, 2014, Plate Company purchased a 90% interest in the common stock of Set Company for $650,000, an amount $20,000 in excess of the book value of equity acquired. The excess relates to the understatement of Set Company's land holdings.
ben ryatt professor of languages at a southern university owns a small office building adjacent to the university
For each finding above, indicate internal control principle that CSC violated. For each finding above, provide an appropriate recommendation for CSC to correct the weakness.
The Hershey Foods Company manufactures chocolate confectionery products. The three largest raw materials are cocoa beans, sugar, and dehydrated milk. Show the accounts debited and credited for each of the following business events:
Classify the financial statement items based upon the major balance sheet classifications.- Current assets Stockholders' equityLong-term liabilitiesIntangible assetsCurrent liabilities, plant, and equipment.
Post to the ledger accounts
Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent).
Calculate the weighted-average interest rates that management should use for interest capitalization purposes. Show your calculation in detail
How has your view of ethics changed since you started this course? Now that you have learned the basics of "Ethics in Business", do you see your current company/job in a different way?
A company has prepaid rent with a carrying value of $400 000. Assuming that the tax rate is 30 per cent, what is the amount of the temporary difference
A corporation issues for cash $2,000,000 of 8%, 15-year bonds, interest payable annually, at a time when the market rate of interest is 7%. The straight-line method is adopted for the amortization of bond discount or premium. Which of the followin..
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