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San Marcos Lamp Inc. has direct labor cost standard of $14 per direct labor hour and an efficiency standard of 4 hours per lamp. The actual results for the period when 30 lamps were built were 130 direct labor hours at an actual cost of $1,560.
What is the direct labor total variance?
It also reports $80,000 depreciation expense and a $20,000 gain on the sale of machinery.
What do you think the strongest argument for free trade is, and what do you think the strongest argument against it is?
1.Compute cash flows from investing activities using the following company information.
The following financial statements were drawn from the records of Boston Materials, Inc.:
What are the most important ethical responsibilities and obligations of a Certified Management Accountant and why?
What is the future value of 100 in 5 years from now with a 15 percent interest rate?
The Vandalia factory uses DL$ for its overhead rate and the Modesto factory uses machine-hours (MHs) for its overhead rate.
(a) Journalize and post the January transactions and journalize and post the adjusting entries at January 31.
For each of your issues, provide an example of a company or industry where these issues could be present.
James LaGrande had recently been appointed controller of the breakfast cereals. Prepare a capital-budgeting analysis to determine whether to launch the product.
Suppose you are controller of a medium-sized gold exploration company in South Australia. You adhere to the standards for ethical conduct for management accountants. How would those standards affect your behaviour in each of the following situati..
Prepare a production cost worksheet using the FIFO method. What is the difference between a weighted-average method of process costing and a first- in, first-out method of process costing
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