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The budget for May called for production of 9,000 units. Actual output for the month was 8,500 units with total direct materials cost of $127,500 and total direct labor cost of $77,775. The direct labor standards call for 45 minutes of direct labor per unit at a cost of $12 per direct labor-hour. The direct materials standards call for one pound of direct materials per unit at a cost of $15 per pound. The actual direct labor-hours were 6,375. Variance analysis of the performance for the month of May would indicate.
the rite-way plumbing co. began business march 1 2008 in sarasota. its business address is 124 division lane sarasota
What are the three different inventory costs flows assumptions commonly used in commerce today and allowed by generally accepted accounting principles?
the advertising manager for jp inc a manufacturer of womens shoes is currently working on a major promotional campaign.
Ethan Company purchased a parcel of land and then incurred specific costs for the construction of a new building.
part 1 the following table uses the four inventory costing method and displays the cost of ending inventory for click
harrison company makes two products. management expects the manufacturing overhead costs for the year to be 15000. the
assume that next year research in motion sells off its interest in tip communications one of its subsidiaries.
The following data were taken from the balance sheet of Outdoor Supplier Company:
How are bad debts accounted for under the direct writeoff method and what are the disadvantages of this method?
The Adler Company manufactures a product with a unit variable cost of $50 and a unit sales price of $88. Fixed manufacturing costs were $240,000 when 10,000 units were produced and sold.
on december 1 2011 umd company purchased 15000 of equipment by issuing a 120-day 10 note payable to bank of maryland.
During the year, purchases were $600,000 and sales were $1,000,000. December 31 inventoy at year-end prices was $126,500, and the price index was 110. What is Ely Company gross profit?
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