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Baker Company has a standard and flexible budgeting system and uses a two-variance analysis of factory overhead. Selected data for the June production activity follows:
Budgeted total factory overhead costs (for normal production of 10,000 units) $80,000
Actual factory overhead incurred in the production of 9,500 units $78,000
Variable factory overhead rate per unit, 2 hours @ $2.50 $ 5
Standard direct labor hours 25,000
Actual direct labor hours 26,000
The production-volume variance for June is:
a. $1,500favorable.
b. $1,500 unfavorable.
c. $2,000 favorable.
d. $2,000 unfavorable.
Phil, age 30, is married and files a joint return with his spouse. On February 15, 2014, Phil establishes an IRA for himself and a spousal IRA for his spouse with a $10,000 contribution, $5,000 for himself and $5,000 for his wife. Phil’s spouse earne..
What casualty loss deduction from this accident can Jim combine with his other casualty losses in computing his itemized deductions?
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question nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp logistics solutions gives order fulfillment services
Portman Corporation has retained earnings of $693,600 at January 1, 2014. Net income during 2014 was $1,491,000, and cash dividends declared and paid during 2014 totaled $83,700. Prepare a retained earnings statement for the year ended December 31, 2..
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Demand and rental revenues for vans are relevantly consistent through the vehicle life, regardless of condition or appearance. The vans are disposed of only when they are completely worn out. The vans are generally completely worn out once they ha..
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Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31. 2005.
Compute the cost of goods available for sale and the units available for sale for this four week period. Assume that no sales occur during those four weeks.
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