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The following information is available: Actual Inputs for Actual Price Each Unit of Output Per Unit of Input Direct materials 11 yards $12 per yard Direct labor 4.2 hours $8 per hour Actual output was 1,000 units. The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour. The company purchased and used 11,000 yards of material. Required: A) Compute the price and quantity variances for direct material. B) Compute the price and quantity variances for direct labor.
Orange Cable TV Company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($350 per year), or two years in advance ($680). In September 2009, the company collected the following amounts applicable to future services:
given the following informationproject acct break-even pt in units price per unit variable cost fc depreciationa 6210 ?
Explain some disadvantages of Cliff's current investment approach. Construct a portfolio for Cliff, limiting your selections to mutual funds (assume that he sells his current stock and bond holdings). Make sure your plan indicates specific dollar a..
Discuss the financial impact of SOX and consider its effect on economic growth and enterprise.
schools systems supplies a particular type of office chair tolarge retailers such as target costco and office max.
dougs custom construction company is considering three new projects each requiring an equipment investment of 23320.
Describe how software companies like PeopleSoft treat software development costs differently from the typical GAAP treatment of research and development costs in other industries. Why is this the case?
Cypress Corp., a calendar year corporation, purchased a $750,000 factory building in February, $240,000 of new machinery in April, $90,000 of new office furniture in August, $130,000 of used machinery in October, and $140,000 of new office furnitu..
Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?
judys mother sarah died on july 2 2006 leaving judy her entire estate. included in the estate was sarahs residence 325
If fixed costs are $300,000, the unit selling price is $31, and the unit variable costs are $22, what is the break-even sales (units) if fixed costs are reduced by $30,000?
Find two annual reports from competing publicly traded companies of your choice. Prepare an overview of the two companies including a brief synopsis of the industry the companies are in, the market share each company holds, and the length of time ..
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