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The administrator of Break-a-Leg Hospital is aware of the need to keep his costs down because he just negotiated a new capitated arrangement with a large insurance company. The following are selected planned and actual expenses for the previous month. Planned Actual Patient days 24,000 23,000 Pharmacy $100,000 $140,000 Miscellaneous supplies $56,000 $67,500 Fixed overhead costs $708,000 $780,000 a. Determine the total variance associated with the planned and actual expenses. b. Calculate the amount of service-related variance. c. Determine what variance is due to change in volume and what variance is due to change in rates. d. Determine the volume variance and rate variance based on per unit rates.
which of the following accounts is a monetary item?
slim corp. requires a minimum 8000 cash balance. if necessary loans are taken to meet this requirement at a cost of 1
Dee Corporation's profits on the land will be ordinary income. What are the tax consequences of the asset transfer and land sales if Gene contributes the land to Dee Corporation in exchange for all of its stock? What alternative methods can be use..
Compute the amount of net income that ABC Company would report inits 2007 income statement after all the above transactions arerecorded and all necessary adjusting entries are made at December31, 2007. Don't use decimals in your answer.
on december 31 2997 the company has 7m of short term debt inthe form of notes payable to the bank due in 2008. on
Explain the practical problems of implementing a scheme for rewarding divisional managers in large companies on the basis of results of their divisions.
select one product that you could make yourself. examples of possible products could be cookies birdhouses jewelry or
baxter corp uses a normal job order costing system with manufacturing overhead applied to products on the basis of
Randall Company makes and distributes outdoor play equipment. Last year sales were $2,400,000, operating income was $600,000, and the assets used were $3,000,000.The return on investment (ROI) is:
The Amount Budgeted factory overhead 675,000 Budgeted machine hours 20,000 Actual direct labor cost 482,000 Budegeted direct labor costs 450,000 If the company uses estimated direct labor costs as its activity base Whats the overhead application r..
yorks outstanding stock consists of 57000 shares of cumulative 9.00 preferred stock with a 10 par value and also 142500
Presented below is information related to Greene Company. Compute the inventory by the conventional retail inventory method.
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