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A popular product of Loring glassworks is a hand-decorated vase. The company's standard cost system calls for .75 hours of direct labor per vase, at a standard wage rate of $8.25. During September, Loring produced 4,000 vases at an actual direct labor cost of $24,464 for 2,780 direct labor hours.
What is the actual wage rate per hour? Compute the labor rate an defficiency variances for the month. Was paying workers the actualwage rather than the standard wage an efficient strategy for Loring?
Which of the following is not a benefit of budgeting? A) It ensures that accounting records comply with generally accepted accounting principles. B) It provides benchmarks for evaluating subsequent performance.
Ajax Corp's sales last year were $460,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?
What is the incremental cost associated with producing an extra 50,000 jars of salsa. What is the incremental cost associated with the price reduction of $0.30 per jar?
No investment income was included within either of these income totals. How would the 10% investment in Prescott owned by Bell be presented in the consolidated balance sheet?
suppose that your companys sales staff provides information on expected sales and selling prices for items making up
abc hardware store is open for business 350 days a year. annual demand for a power cutter at this store is 700 units.
Your recommendation for any company who processes the ordering technology relates to Accounting Information System. Specifically discuss internal controls.
Why do you think that mortgage interest and real estate taxes for a personal residence are tax deductible, but rent payments are not? Are rental payments for a business tax deductible?
Margaret Brown and Joel Lee each own 50% of Designs Inc. with no other class of stock authorized. On June 6, 2009, they formed to provide design services. Their business activity code is 541400.
Squid reported net income of $100,000 for 2005. Minority interest income that will appear in the consolidated income statement for 2005 is
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity,
Boehm Inc is expected to pay a $1.50 per share dividend at the end of the year. The dividends is expected to grow to a constant grow at a constant rate of 7 year. The required rate of return on the stock rs, is 15%. What is the value per share of ..
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