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The Beal Manufacturing Company's job-costing system has two-direct cost categories; direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2012, Beal adopted the following standards for its manufacturing costs:
The denominator level for total manufacturing overhead per month in 2012 is 40,000 direct manufacturing labor-hours. Bell's actual budget for January indicated the following:
Prepare a schedule of total standard manufacturing costs for the 7,800 units in January 2012. For the month of January 2012, compute the following variances, indicating whether each is favorable (F) or unfavorable (U): a. Direct materials price variance, based on purchases b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Total manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance
Faith inherited an undivided interest in a parcel of land from her father on February 15, 2005. Her father had purchased the land on August 25, 1965, and his basis for the land was $325,000.
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which of the following is true regarding the evaluation of projects?sunk costs should be includederosion effects should
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hartford research issues bonds dated january 1 2013 that pay interest semiannually on june 30 and december 31. the
The following information is available for completed Job No. 402: Direct materials, $25,000 direct labor, $35,000 manufacturing overhead applied, $20,000 units produced, 8,000 units units sold, 6,000 units. The cost of the finished goods on hand f..
vandross company has recorded bad debt expense in the pat at a rate of 1.5 of net sales. in 2014 vandross decides to
Prepare the journal entry for Sorter Company to write off the Ordonez receivable. When writing the journal entry use Dr. for debit and Cr. for credit.
The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
big company manufactures keyboards. management wishes to develop budgets for the upcoming quarter based on the
At the December 31, 2010 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2011, a future taxable amount will occur and
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