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Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor (0.75 hr. @ $12) 9.00 Total prime cost $21.00 During the first month of the year, Boise plant produced 92,000 belts. Actual leather purchased was 287,500 strips at $4.80 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 79,500 hours at $13.00 per hour. Required: Break down the total variance for labor into a rate variance and an efficiency variance using the columnar and formula approaches.
Capital Structure decisions - The cost of capital for a project depends primarily on the
On March 14 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,475,500; $328,000 was allocated to the basis of the land and the remaining $1,147,500 was allocated ..
question lee corporation is an american company that started operations on january 1 2004. it has just completed its
The December 31, 2014, balance sheet of Giorgio Inc., reported total assets of $1,050,000 and total liabilities of $680,000. The following information relates to the year 2015: Madden Inc. issued an additional 5,000 shares of common stock at $25 per ..
Has the adoption of IFRS improved the quality of financial reporting in UAE or other GCC countries? Bring true evidences.
A rental car agency charges a flat fee of $38.00 plus $2.75 per day to rent a certain car. Another agency charges a fee of $31.75 plus $4.00 per day to rent the same car. Use a graphing calculator, find the number of days for which the costs are the ..
The owner of a new restaurant has a costly ad campaign in the works for a new restaurant. The new place is still working out the buigs. They've only been open a month or so. The owner will dedicate the full advertising resources to the new restaurant..
deglman manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor
On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $80,000 with an estimated residual value of $5,000. A-1. Prepare a complete depreciation table under the straight..
calculation of labor rate and efficiency variances.at the beginning of last year diekow productions set direct labor
Prepare the asset section of the balance sheet for Hasbro, Inc., classifying the assets into Current Assets, property, plant, and Equipment (net), other Assets and determine the appropriate amounts to complete the schedule.
There are four activities that can assist organizations in identifying anomalies in tracking employee behavior, track digital activities, and contrast them with an employee’s normal routine. What are these four activities and a summary of each? What ..
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