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Garden supply budgeted three hours of direct labor per unit at 10.00 per hour to produce 500 units of product. The 500 units were completed using 1600 hours of direct labor at 10.50 per hour. what is the direct labor efficiency variance?
a. 1000 favorable
b. 1050 favorable
c. 1000 unfavorable
d. 1050 unfavorable
Prepare the entry to record the uncol- lectible accounts expense. What is the balance of Allowance for Uncollectible Accounts after this adjustment?
Preston Village engaged in the following transactions: It issued $20 million in bonds to purchase a new municipal office building. The proceeds were recorded in a capital projects fund. Prepare journal entries to reflect how the transactions would be..
At March 1, Psychocandy Inc. reported a balance in Supplies of $200. During March, the company purchased supplies for $750 and consumed supplies of $800. If no adjusting entry is made for supplies
A company has capital of $200 million. It has an EROIC of 9%, forecasted constant growth of 5%, and a WACC of 10%. What is its value of operations? Illustrate what is its intrinsic MVA?
Explain with an example of your own choosing how REA modeling can serve as an accountability infrastructure for enterprise information systems architectures at three levels of abstraction: value chain level, the business process or REA entity pattern..
Locate an article from a financial periodical from the past two years about a company that restated its financial statements due to an error in accounting principle. Examples of periodicals are CFO and Journal of Accountancy.
Why is it sometimes important to allocate overhead costs among products, services or some other grouping? Other times the allocations should be disregarded as in this case - why?
You are required to do the journal entries for the above 11 where the figures are obtained from the table above (the opening balances) and the information in the description of each adjusting entry to be completed.
Might this report be different if the report was for your manager? Might this report be different if the owner of a business was your client?
Calculate the total social security and medicare tax burden on a sole proprietorship earning 2016 profit of $300,000, assuming a singoe proprietorship.
The sales revenue from this job is $3,400. For purposes of this action analysis report, direct materials and direct labor should be classified as a Green cost; painting overhead as a Red cost; and office expense as a Yellow cost.
Classify the following manufacturing cost of business solutions as either (a) variable or fixed and (b) direct or indirect. Prepare a schedule of cost of goods manufactured for business solutions for the month ended January 31, 2016 assume the follow..
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