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Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit of Teragram include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Teragram. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120. Required: a. Based on these data, calculate how many pounds of material were used in the production of Teragram during November.
two years ago your corporate treasurer purchased for the firm a 20 year bond at its par value of 1000. the coupon rate
due to varying business characteristics the managerial accounting techniques applied in each business may differ. for
1. in your own words please describe what a suspended loss is how it is generated and when it is becomes deductible.2.
McBride Medical had a cash balance of $7,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in the increments of McBride pays its vendor on the last day of the month also. The company had ..
which one of the following is a true statement about incremental analysis?it is another name for capital budgeting.it
1.the direct labor and overhead costs of providing services to clients are accumulated in a work-in-process account. a
Sales revenues are $800,000 for 2012, sales returns and allowances are $45,000, and the allowance for doubtful accounts has a credit balance of $9,000. Prepare the adjusting entry to record bad debts expense in 2012.
1 anytime an owner removes any asset for personal use it is recorded as a a withdrawal. b payment of a liability. c an
Adverse selection problems increased in prominence in the 1980s - as deregulation required savings and loans and mutual savings banks to be more cautious.
Which would be a non-fraudulent earnings management scheme?
hunter mcneal is studying and evaluating branyons internal controls related to the mathematical verification of sales
Identify whether each transaction below is an operating, investing or financing activity. Assume the indirect method.
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