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The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quanity standard allows two pounds of the raw material per unit produced. What is the materials price variance?
Using the double declining balance method and fractional year monthly amortization, answer the following questions:
oniel company began the year with 870000 of raw material inventory 1390000 of work-in-process inventory and 620000 of
norman co. borrowed 15000 from the local bank on april 1 2012 when the company was started. the note had an 8 percent
a few years ago the acme manufacturing company installed automated robots worth millions of dollars in its furniture
The interest is computed based on the beginning balance of the loan for the month. The company has a cash balance of $20,000 and a loan balance of $40,000 at January 1. Prepare monthly cash budgets for each of the first three months of next year.
the kaumajet factory produces two products-table lamps and desk lamps. it has two separate departments - finishing and
Logan corporation issue $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Logan Corporation closes its boo..
Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the employer's..
Required: Show the necessary entries in the books of Wilz Ventures Plc.
Which of the following should not be classified as a current asset? a) A one year installment receivable from the sale of a truck b) An investment expected to be needed for operations in the next year c) A one-year prepaid insurance policy d) A fund ..
connecticutinc. had the following long-term receivable account balances atdecember 31 2006. note receivable from sale
on may 31 2010 james logan company had a cash balance per books of 6781.50. the bank statement from farmers state bank
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