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1. What is the overhead flexible-budget variance?
2. "The direction of a variance (favorable or unfavorable) is irrelevant in decisions on whether or not to investigate the variance." Do you agree? Why or why not?
3. "As long as the total actual factory overhead is not significantly different from the total standard applied factory overhead for the period, there is no need to conduct further analyses of the factory overhead variance." Do you agree? Why or why not?
marsee kennel uses tenant-days as its measure of activity an animal housed in the kennel for one day is counted as one
The Butterfly Corporation had the following information that pertained to its March budget.
on december 1 2011 umd company purchased 15000 of equipment by issuing a 120-day 10 note payable to bank of maryland.
anton blair is the manager of a medium-size company. a few years ago blair persuaded the owner to base a part of his
your company has been approached to bid on a contract to sell 16000 voice recognition vr computer keyboards a year for
For each of the following independent cases, use the equation method to compute the economic order quantity.
saturn inc. which uses a predetermined overhead rate based on direct labor hours estimated total overhead for the year
in the current year stephanie formed an equal partnership with jane. stephanie contributed land with an adjusted basis
What is the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is in substance a financing arrangement?
norman co. borrowed 15000 from the local bank on april 1 2012 when the company was started. the note had an 8 percent
del gato clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check.
Ernie's executor elects to claim the marital deduction for the QTIP transfer. At the time of the surviving spouse's death, the value of the QTIP trust is $3.6 million. The amount of the QTIP trust included in the surviving spouse's gross estate is..
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