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Question: Durable Vinyl Company manufactures tables with vinyl tops. For each table, 6 square feet of vinyl at a standard cost of P1.30 per square foot are required. A production run of 1,000 tables in January, resulted in usage of 6,400 square feet of vinyl at atotal cost of P7,680.
1. The total materials cost variance is:
2. The materials usage (quantity) variance is :
3. The materials price (on usage) variance is:
4. Everlasting Container Company uses 5 pieces of "72 X 36" metal at P12 per piece as standard for the production of non-trust vats. During one month's operation, 4,800 vats were produced at a cost of P11.50 per pieces of materials. What is the total materials cost variance?
If 83,000 direct labor hours are planned for this next year, how much overhead would be assigned to a product requiring 4 direct labor hours?
Interim Dividends paid $2,500; Profit earned $20,000; Dividends Declared $5,000. Compute the closing balance of Retained Earnings for Somersby Ltd
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lee financial services pays employees monthly. payroll information is listed below for january 2013 the first month of
Ordinary annuity of 1 at 12% is 5.65 for 10 periods and 5.33 for 9 periods. What is the carrying amount of the notes receivable on December 31, 2019?
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Howarth Manufacturing Company purchased a lathe on June 30, 2007, at a cost of $80,000. Prepare the journal entry to record the sale.
Briefly identify the possible alternatives (including those that are totally unacceptable) for quantifying the cost of the land and briefly support your choice.
(Journal entries for several funds) Following are several transactions that relate to Bultena Township for the fiscal year 2012.
the following is a list of selected accounts and ending account balances taken from the records of the adams company on
The Moab Corporation had sales of $300,000 and expenses of $175,000 last year. How much was the after-tax net cash inflow at Moab last year
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