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The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhad and $1.30 for fixed overhead) based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows:What is the amount of the factory overhead controllable variance?
Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed ina..
White Corp. Transfers securities from one category to another. The cost of the securities is $20,000; the fair market value is $22,000. Prepare an entry if
Determine the proper balance sheet presentation and amounts for the above items.
The CPA firm you are working for has just taken on a new client. The firm has just learned that the new client will soon be on the cover of a well-known magazine, the firm is very concerned the work they produce is outstanding in every aspect. Tha..
the valentine company has decided to buy a machine costing 31434. estimated cash savings from using the new machine
Discuss interest rate parity by describing the process initiated by arbitrageurs when it is violated - that is, what is involved in restoring equilibrium?
What are the key management assertions related to cash? What are the most important assertions related cash? How will auditors test these assertions?
ku inc. operates a store featuring school merchandise. it uses an eoq decision model to make inventory decisions. it is
Suppose that the total cost for your current year in college equals $20,000. Approximately how much would your parents have required to invest twentyone years ago in an account paying 8 percent compounded annually to cover this amount?
Raymond provides the following information related to assets used in a trade or business which have been sold in 2011. All assets have been held for over one year.
If the company's sales for a month are $708,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
If one more unit is sold, how much will net operating income increase by?
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