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Fearless Frank's Fertalizer Farm produces fertalizer and distributes the product by using his tanker trucks. Frank's uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 300 truckloads Budgeted fleet hours 225 hours Budgeted pounds of fertalizer 12,000,000 pounds Budgeted variable manufacturing overhead costs for 300 loads $37,500 Actual output units produced and delivered 315 truckloads Actual fleet hours 218 hours Actual pounds of fertalizer produced and delivered 12,600,000 pounds Actual variable manufacturing overhead costs $38,250 What is the budgeted variable overhead cost rate per output unit? What is the flexible-budget amount for variable manufacturing overhead? What is the flexible-budget variance for variable manufacturing overhead?
The following represents a project with known activity times. All times are in weeks. Using the data in the table above, what is the minimum possible time required for completing the project?
Consumers may also reduce the quantity of the beverage that they usually buy." Illustrate what is the relationship between the income and demand with respect to normal goods? Answer the same question with respect to inferior goods
What are the advantages and disadvantages to FSC's decision to not use the BSC as a performance tool-i.e., linking it to the employee determine and reward system?
Prepare a properly formatted, multi-step Income Statement (i.e. showing intermediate profit lines Gross Profit, NOI, EBITDA, EBIT, EBT, and NI, as required). Per Share presentation of income data is not being requested.
How much insurance expense will be recorded for the accounting periods ending December 31, 2007, and December 31, 2008, if the company uses the accrual basis of accounting?
During the period, 15,000 units are started and direct materials costing $250,000 are charged to the department. If there are 1,000 units in ending inventory, what is the cost per equivalent unit?
Purpose the entry to record the issuance of the bonds on Sawyer's books. What amount must be deposited semiannually in order to have sufficient money in the fund to pay off the bonds in 20 years?
In its applicable financial statements, Orange reported $4,000 in 2009, $24,000 in 2010 and $20,000 in 2011 as gross revenues. Explain how much of the $48,000 must Orange recognize for federal tax purposes in 2009, 2010 and 2011
Create the required general journal entry to record the subsequent transactions for the Flaherty Company incurred $95,000 of factory labor costs which is paid in cash.
What is the journal entry required to establish the LIFO reserve for Orange Corporation?
Amortization of discount on issue of debentures - Carson uses the sum-of-the-years-digits method of depreciation. What should the accumulated depreciation be at 31st December, 2008
Find out the approximate internal rate of return. % Assuming the company has a required rate of return of 10%, state your conclusion on whether the new machine should be purchased.
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