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Question - Bridgeport Manufacturing Company uses a standard cost accounting system. In 2022, 28,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $15.00. Normal capacity was 45,000 direct labour hours. During the year, 112,000 kg of raw materials were purchased at $0.96 per kilogram. All materials purchased were used during the year.
Required - If the materials price variance was $4,480 favourable, what was the standard materials price per kilogram?
The standard variable overhead and fixed overhead rates are $1 and $5 per direct labor hour, respectively. Data relevant for the current period include
Prepare an income statement, statement of retained earnings, and balance sheet for this subsidiary in pounds and then translate these amounts to USD
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a) Record all journal entries for the monthly activities related to the above transactions based on backflush costing
Should HappyCow continue to sell only the? 4-L tub of plain yogourt? (sell as-is) or convert the plain yogourt into? individual-sized portion of fruited yogourt
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