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Question - Cox Company's direct material costs for the month of January were as follows:
Actual unit purchase price $3.60 per kilogram
Direct materials price variance $3,600 Favorable
Standard quantity allowed for actual production 16,000 kilograms
Actual quantity used 18,000 kilograms
Required - What is the direct materials quantity variance for January?
Record the journal entries for the Alexander Corporation. Retired the remaining shares purchased. The original selling price was $53 per share.
Show the disposal of under/overapplied overhead. (If no entry is required for a transaction/event, select "No journal entry required" in the first account)
What would be the maximum purchase price acceptable to the Ski Pro Corporation for the bindings? Support your answer with an appropriate explanation.
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Variable costs are $38.50 per unit, and fixed costs are $65,600. Determine the contribution margin ratio, the unit contribution margin
The possibility of a power outage seems to grow every year because of demand and an aging infrastructure. What can/should companies do to mitigate this risk?
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