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Wissota Co. has a material standard of 2 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Wissota Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What is the direct materials quantity variance?
a. $480 favorable
b. $9980 favorable
c. $9120 favorable
d. $1420 unfavorable
Evaluate the total product cost for the year. Evaluate the total cost of the ending inventory. Evaluate the total of cost of goods sold.
Reconcile any difference between the net operating income on your variable costing income statement and the net operating income on the absorption costing income statement above
Which of the following shows only accounts that are increased by a debit to the account?
question during 2011 becky loans her brother ken 5000 which he intends to use to create a small business. ken has no
Prepare the March income statement for LAE Manufacturing Company and determine the inventory balances at the end of the first month of operations.
As prepaid expenses expire with the passage of time, the correct adjusting entry will be a debit to an asset account and a credit to an asset account. Debit to an expense account and a credit to an asset account. Debit to an expense account and a cre..
There were 14,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?
p corporation operates six automotive service franchises in a metropolitan area. the service franchises have been a
The average selling price of each dress is $1,000, variable costs are $400, and fixed costs are $90,000. How many dresses must the Bridal Shoppe sell to yield after-tax net income of $18,000, assuming the tax rate is 40%?
What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund and (2) related temporarily restricted fundfi Also indicate any impact on unrestricted funds.
The partners share profits and losses as follows: Able, 50%, Bert, 30%, Carl, 20%. The partners have decided to liquidate their partnership by installments. Cash is distributed to the partners at the end of each month. Statement of Partnership Realiz..
Garland Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2013. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31. Garland uses the straight-line method of amortization. What i..
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