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A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $8 per lb.) 52,700 lbs. @ $8.10 per lb. Direct labor (3 hrs. @ $15 per hr.) 25,900 hrs. @ $15.40 per hr. Overhead (3 hrs. @ $12 per hr.) $ 319,800 Units manufactured 8,700 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.
Calculate the book value of a two year old machine that cost $200,000, has an estimated residual value of $40,000, and has an estimated useful life of four years. The company uses straight line depreciation.
manny company produces three products x y and z with the following characteristicsx y
Does LIFO or FIFO give the best-most current-balance sheet value for the ending inventory? Why? How do taxes affect the choice between LIFO and FIFO?
Explain the advantages and disadvantages of federal versus state court for this type of suit.Guided Response: Analyze and respond to at least two of your classmates' postings. Do you agree with their conclusions? Did the facts you considered impor..
1. major influences of competitors costs and customers on pricing decisions are factors of supply and demand.
Legion records interest at the effective rate
internal control procedures are required to safeguard company assets and to ensure ethical operation of the business. 1
Increase the suspended loss amount available to Pete.
Polk Corp. purchased new store fixtures for $55,000 on January 31, 2012. Polk depreciates assets using the straight-line method and estimated a salvage value for the machine of $5,000. On its December 31, 2014, balance sheet, Polk reported the fol..
piab enterprises has identified the following as having an impact on the companys quality costs1. inspection of
Carla, Linda, and Terry form a partnership. Carla contributes machinery (that was purchased in 2006 and has an adjusted basis of $45,000 and a fair market value of $70,000) in return for a 35% interest in capital and profits.
allison radios manufactures a complete line of radio and communication equipment for law enforcement agencies. the
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