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The standard cost for making 1 item of Brand X is 8 hours at $9 per hour = 72 total. The actual cost was 7 hours at $10 per hour= $70 total. What is the total variance for the items? Is it favorable or unfavorable?What are the Time variances and the Price variances and are they favorable or unfavorable?
One year from the issue date (July 1, 2012), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs.
A company used the percentage-of-completion method of accounting for a four-year contract. Which of the following items would be used to calculate the income recognized in the second year?
Marketing share of mechanical watches where at an all time low of 5%. Research so far has indicated that the watches tend to fail three tests frequently and you need to recommend machines that need to be upgraded because they may be responsible fo..
mathias company manufactures a number of specialized machine parts. part bunkka-22 uses 35 of direct materials and 15
Make the entry to record the partial refunding. Assume Grant Co. makes reversing entries when appropriate. Prepare the adjusting entry at December 31, assuming straight-line amortization of the discount.
Events in the world of corporate finance during the past few years have shown the importance of transparent and accurate financial reporting by businesses.
what is the difference between earnings management and the types of frauds and scandals companies have been doing in
discussion board topic gaap requires the statement of cash flows be presented when financial statements are
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
for a financial statement of year 2006 sale was 400000 and a identified loss of 40000. again for year 2007 sale was
weston acquires a new office machine seven-year class asset on november 2 2013 for 75000. this is the only asset weston
When calculating a firms cost of capital, why is there a cost associated with retained earnings and why should a firm be concerned if its accounts receivable turnover ratio is unusually high, compared to the industry norm?
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