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What about the situation in which the materials price variance is favorable and the materials quantity variance is unfavorable? How would you explain that situation?
Francum Company has the following data: direct labor $247,940, direct materials used $194,970, total manufacturing overhead $236,740, and beginning work in process $27,740. Compute (a) total manufacturing costs and (b) total cost of work in process.
Analyze and describe how you think big banks are or are not ripping off pension funds. Support your response with examples and evidence.
An important source of temporary cash is trade credit, which does not actually bring in cash, but instead slows its outflow. Vendors often provide discounts for early payment. What is the formula to determine the effective interest rate if the dis..
Analysis of various methods of inventory system and its effect on ending inventory and cost of goods sold - Which cost flow method results in (1) the lowest inventory amount for the balance sheet, and (2) the lowest cost of goods sold for the income..
Roxanne Carter Corporation reported the following for 2014: net sales $1,205,000; cost of goods sold $721,000; selling and administrative expenses $321,800; and an unrealized holding gain on available-for-sale securities $22,000. Prepare a statement ..
Provide the journal entry for the 2004 restructuring charge. Provide the journal entry for the employee termination benefit payments in 2004.
Assume that circuit city stores completed the following foreign-currency transactions: On March 18, immediately after the purchase, and on April 20, immediately after the sale, which currencies did Circuit City want to strengthen? Which currencies di..
If the interest rate that the firm must pay to borrow capital is 25%, then if the firm borrows the optimal amount of capital, what is the organization's total revenue?
Calculate the amount of Rent Revenue recognized in 2012 and Show computation and prepare the adjusting entry on December 31, 2012 for PVP.
What is the benefit of the use of value streams for evaluating profit centers relative to the use of the contribution income statement for individual product lines?
During the past couple of years, ROCK has taken advantage of bonus depreciation and section 179 deductions and fully remodeled the premises and upgraded its leasehold improvements. This year, ROCK wrapped up its remodel with the purchase of @20,00..
The PV of $1 at 10% for 3 periods is 0.75. What is the amount of interest revenue that should be included in Abel’s 2013 income statement?
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