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In reviewing a variance analysis report you note that there was a very favorable materials price variance last month but unfavorable labor and materials efficiency variances. What situation could have caused these variances? What would you do to test your explanation of the variances (what information or questions would you ask)
In the absence of no agreement in partnership discuss and explain the provision of partnership act
Which of the following statements is known as a "snapshot in time" because the account balances are of a certain date
Sammie and her two children, ages 8 and 10, lived with her boyfriend, Dominick, for all of 2014. The children are not Dominick’s children but he provided all of their support. He can claim them as dependents because they are not the qualifying childr..
Presented below are four independent situations. (a) On March 1, 2015, Wilke Co. issued at 104 plus accrued interest $4,218,000, 8% bonds. The bonds are dated January 1, 2015, and pay interest semiannually on July 1 and January 1. In addition, Wilke ..
Find the complete optimal solution to this linear programming problem. Graph to show each constraint and the feasible region. Provide graph on separate page. What is the optimal value of the objective function?
Majka Company was started on January 1, 2016. During 2016, the company experienced the following three accounting events: (1) earned cash revenues of $31,300, (2) paid cash expenses of $14,100, and (3) paid a $2,400 cash dividend to its stockholders...
In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the Mar..
Most of the time we talk about segregation of duties in manual transactions. Do you think this key internal control is relevant in the IT control space? If so, any examples of conflicting duties being performed by technology personnel ?
Watson's Fish Company buys whole salmon from various fishermen is at $3 per pound and sells the fish to restaurants for $5 per pound. Its fixed costs are $22,800 per month. How many pounds must be sold to break even, and how many pounds must be sold ..
The overhaul was completed on January 7, 2011 at a cost of $28,000. Because of a slowdown in the economy, the truck only operated for 21,000 km for the remainder of 2011. Instructions Prepare the appropriate journal entries for 2011 relating to t..
Which of the following is not accurate when it pertains to managerial accounting?
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