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Martin Company uses a two-way analysis of overhead variances. Selected data for September 2012 production activity are as follows:
Actual variable factory overhead P 196,000Standard direct labor hours 33,000Variable overhead rate per DLH P6.00Actual direct labor hours 32,000
Problem 1: Assuming that budgeted fixed overhead costs are equal to actual fixed costs, the controllable variance for September 2012 is:
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Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2011, $32,000; 2012, $96,000; 2013, $144,000; 2014, $184,000; 2015, $224,000; and 2016..
The common stock is currently selling for $89.92 per share. What is Heavy Rain's cost of retained earnings using the Gordon Model (DDM) approach?
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On January 1, 2019, Violet Co. purchased a vehicle costing $64,000. What is the amount of accumulated depreciation reported on Violet balance sheet at December
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Show the journal entries necessary to correct the errors. A sale of $120 to B Wood had been entered in the books, both debit and credit, as $102.
Division B has received an offer from an outsider vendor to supply all the widgets it needs (20,000 widgets) at a cost of $45. The manager of Division B is considering the offer but wants to approach Division A first. What is the maximum transfer pri..
Katy's Catering Co. places an order with Sharpe's Supply House for 100 white linen table clothes. A week later, Sharpe's delivers the order to Kathy's in ten boxes. Katy opens up a few boxes, determines that they contain white linen tablecloths, and ..
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