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Question :
AAA Electronics sells two models of tablet computers. The budgeted price per unit for the wireless model is $120 and the budgeted price per unit for the wireless and cellular model is $260. The master budget called for sales of 20,000 wireless models and 5,000 wireless and cellular models through the current year. Actual results showed sales of 15,000 wireless models, with a price of $125 per unit, and 8,000 cellular and wireless models, with a price of $250 per unit. The standard variable cost per unit is $50 for a wireless model and $100 for a wireless and cellular model.
(a) Calculate the activity variance for these data.
(b) Calculate the mix and quantity variance for these data.
The following income statement and balance sheet for Virtual Gaming Systems are provided. calculate the risk ratios
The required volume of output to produce the parts will not require any incremental fixed overhead. Incremental variable overhead cost is $2.00 per unit. Should Kimball make or buy the parts?
Organize a statement of cash flows
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Create a one page memorandum explaining Marquettes estimated tax needs for its current year, providing the necessary supporting authorities.
Record the journal entries necessary on Crain's books for 2005 assuming that Crain uses the equity method to account for its investment in Downey.
Determine the direct labor rate variance? Evaluate the standard direct labor rate?
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The partnership pays Gast $100,000 cash for her partnership interst. After Gast's retirement, what is the balance of Irving's capital account?
A gold mine can be purchased for $100 million. Determine the ROR if this investment for the following cases. The estimated useful life of the mine is 10 years.
Prepare Swag's consolidated balance sheet under each of the following independent situations - swag purchased the assets and assumed the liabilities of Perk by paying $1,400,000 in cash and issuing a $12,600,000 note.
Jane expects that she will need $12,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?
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