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The Worldwide Credit Card, Inc., uses standards to control the labor time involved in opening mail from card holders and recording the enclosed remittances. Incoming mail is gathered into batches, and a standard time is set for opening and recording each batch. The labor standards relating to one batch are as follows:
The record showing the time spent last week in opening batches of mail has been misplaced. However, the batch supervisor recalls that 230 batches were received and opened during the week, and the controller recalls the following variance data relating to these batches:
Determine the actual hourly rate paid to employees for opening batches last week. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Resource: Kudler Fine Foods Virtual Organization found by using the Virtual Business Portal
What is the effect of the transaction on the accounting equation - Reported as "Revenues" on Phil's income statement
a company is planning to purchase a machine that will cost 26400 has a six-year life and would be depreciated over a
1. on october 10 tridant inc. purchased 5000desks at an invoice price of 300 each and paid for them on october20
Why might the company use different costing systems, with different overhead rates, for standard and specialized policies?
the predetermined overhead allocation rate for forsythe inc. is based on estimated direct labor costs of 400000 and
Total payroll was $480,000, of which $110,000 is exempt fro mSocial Security tax because it represented amounts paid in excess of $90,000 to certain employees. Prepare the necessary journal entries if the wages and salaries paid and the employer p..
caspian creations sells wooden boxes from a kiosk in a mall. fixed costs are 2500 per month and the variable cost is
Determine which of the following is not an example of a decision or informed judgment that a potential employee could make from accounting information?
How do you find the 'less withdrawals' for the statement of owners equity?
On January 2, 2007, Riley Corporation issued 20,000 shares of 6% cumulative preferred stock at $100 par value. On December 31, 2010, Riley Corporation declared and paid its first dividend.
Fitness Design reports taxable income of $70,000 and pays $60,000 in dividends to shareholders before considering payments to Cynthia. Cynthia receives a $75,000 salary. What is Cynthia's income from Fitness Design?
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