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Question - Aubaya Co. uses standard costing for the accounting of its product. The budget officer provided the following standard data imposed by the top-level management concerning the direct materials:
- Standard direct material is 3 per unit of the product
- Standard price is P18 per unit of the product
During the period, the company acquired 1,000 units of direct material at a cost of P4,500. It also used 50 units of directs materials in manufacturing 150 units of its product.
Required -
1. What is the material price variance?
2. What is the material efficiency variance?
What are stock rights? How does the issuing company account for them?
The company uses the straight-line amortization method for the bonds
Sales are budgeted at $220,000 for November, $200,000 for December, and $210,000 for January. Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible.
Discuss the various defenses in contract formation, stating what is required to establish each individual defense, and providing examples
The financial statements of Minnesota Mining and Manufacturing Company (3M) report net sales of $20.0 billion. Compute 3M's accounts receivable turnover
Based on Joel's calculated net ADR yields for each of the three channels, Which channel has the highest net ADR yield? Which channel has lowest net ADR yield?
Thereafter, the dividend is expected to grow at 2% p.a., in perpetuity. What is firm's share price, if its shareholders expect to earn a return of 10% p.a.
Required - Compute the weighted-average accumulated expenditures on Metlock's new building during the capitalization period
Bonita Corporation manufactures replicators. On January 1, 2017, Prepare Bonita's January 1, 2017, journal entries
The tax rate in effect is 32% for 2018 and 35% for 2019. Prepare the Income Tax Expense disclosure required on the Income Statement
Denise Bunch is the sales manager for a tractor supply company. Does the warranty accrual recommendation create an ethical dilemma for Bunch
If you make regular monthly deposits. How much should you deposit each month to end up with $63,000 in 8 years
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