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Question - Flapjack Corporation had 7,784 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 967 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $13.12 per hour.
What the direct labor rate variance?
a. $8,718.08 unfavorable
b. $8,718.08 favorable
c. $7,709.13 unfavorable
d. $7,709.13 favorable
Prepare closing entries to close the temporary accounts and post to the general ledger accounts.
Question - What are the material differences in lease reporting according to the lease accounting standard update (ASU 842)
Prepare summary journal entries for 2011 and 2012 to account for the installment sales and cash collections. The company uses the perpetual inventory system.
Suppose the analysis of a loss contingency indicates that an obligation is not probable. What accounting treatment if any is warranted?
Company produces 4,000 chocolate bars Sold 3500 No bars at the beginning, Calculate the unit production cost, assuming company uses variable costing
Question - Excerpts from Debnam Corporation's most recent financial statements appear below: Find the average sales period (aka days sales in inventory)
Prepare the journal entries to record these transactions on the books of Stealer's Company using a perpetual inventory system
At one time, Boeing closed a giant deal to acquire another manufacturer, McDonnell Douglas. Boeing paid for the acquisition by issuing shares of its own stock.
Assuming Demaria makes no special elections with regard to NOLs, what is DeMaria's net operating loss carryforward into 2020
if faced with a situation wherein you are told to make the numbers what strategies or techniques might you follow in
a. Estimate how much cash Conrail will have available to pay dividends or repurchase stocks over the next five years. b. How will the perceived uncertainty associated with these cash flows affect your decision on dividends and equity repurchases?
What is the total Conversion cost for warner bros, What is the total conversion cost for Catalina
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