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The Baldwin Company, in its master budget for 2010, predicted total sales of $160,000, variable costs of $48,000, and fixed costs of $52,000 ($24,000 manufacturing and $28,000 nonmanufactur- ing). Actual sales revenue for 2010 turned out to be $180,000. Actual costs were as follows: variable, $54,000, and fixed, $50,000. What was the total static budget (operating-income) variance for 2010? Was this total variance favorable (F) or unfavorable (U)?
problem 1at the beginning of 20x2 dahl ltd. acquired 8 of the outstanding common shares of tippy ltd. for 400000.nbsp
Discuss the Earnings per Share results for the quarter in comparison to historic results and long-term growth targets. Discuss the emerging markets for The Coca-Cola Company and the likely future impact on earnings per share.
Compute the current ratio, quick ratio, cash to existing liabilities ratio, over a two-year period. Show and interpret the ratios that you evaluated.
X Company has two production departments, A and B. At the start of the year, the following budgeted information is available: Using a plant wide allocation system with direct labor hours as the cost driver, what is the allocation to Job 222
Evaluation of unit costs for materials and conversion costs based on equivalent units of production given production costs at beginning, for processing and at ending work-in-process stages
Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of production reflects sales of $400,000; variable costs of $80,000; Prepare a flexible budget performance report for the year.
Describe the interesting and uninteresting information that these rules provide and what are possible reasons for the classification tree's failure to find a good predictive model?
Jackson Daniels graduated from Lynchberg State College two years ago. Since graduating from the college, he has worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He..
The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7% bonds with a face amount of $630,000 on November 1, 2013. The bonds sold for $567,653, a price to yield the market rate of..
Jean received a commission of $7,000 from her employer. How is the federal withholding tax on this payment calculated if she also earns semi monthly wages of $3,500?
Regina receives a dividend of $150 from a corporation in Country Y that has only done business in Country Y in the past. Country Y imposed a $45 (30%) tax on the $150 dividend. How is the $150 dividend taxed (generally, no computations required) in e..
What is the manager’s responsibility in comparing data? What are the four common uses of comparative data? Illustrate what is meant by standardized data?
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