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You are a student preparing for a job interview with a fortune 100 consumer products manufacturer. You are applying for a job in the finance department.
Calculate the materials efficiency and price variance, and the wage and labor efficiency variance for the month of May.Price Variance = (Actual Price of Input %u2013 Budgeted price of Input) x Actual Quantity of Input,Efficiency Variance= (Actual quantity of input used %u2013 Budgeted quantity of input allowed for actual output) x Budgeted price of input
You are a student preparing for a job interview with a Fortune 100 consumer products manufacturer. You are applying for a job in the Finance Department. This company is known for its rigorous case-based interview process. One of the students who successfully obtained a job with them upon graduation last year advised you to"know your variances cold!When you inquired further, she told you that she had been asked to pretend that she was investigating wage and materials variances. Per her advice, you have been studying the causes and consequences of variances. You are excited when you walk in and find that the first case deals with variance analysis. You are given the following data for May for a detergent bottling plant located in Mexico:
Actual direct manufacturing labor-hours 26000 hoursActual direct manufacturing labor-hours 784,420 pesos
Bottles per minute 0.50: Calculate the materials efficiency and price variance, and the wage and labor efficiency variances for the month of May.
Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market ..
What types of unethical behaviors should we expect to see from our Clients? Also, how do we interpret "honest" mistakes from intentional fraud?
For each of the following statements, identify the kind of market it describes. Employ an example from the readings or the internet for each characteristic and explain your choice.
For inadequacies in internal controls describe the financial statement misstatements that may arise, and describe how they may occur.
Zigs Industries had the following operating results for 2011: sales = $27,960; cost of goods sold = $19,360; depreciation expense = $4,940; interest expense = $2,190; dividends paid = $1,050.
seahawks company has two service departments maintenance and cafeteria as well as two prodction departments mixing and
Mega Inc, has common stock and 6% preferred stock outstanding as follows: Preferred stock: 10,000 shares, $100 par value, cumulative. Common stock 50,000 shares, $50 par value.
Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $120,000.
A corporation issues $100,000, 10%, 5-year bonds on January 1, 2007, for $95,800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be ..
inventory costing average costbordeaux company has the following information related to purchases and sales of one of
Complete the operating activities section of the statement of cash flows for 2007. Use the indirect method.
The average daily demand is 150 customers. The convenience store currently operates 6 hours a day. Each order takes approximately 2 minutes. a. What is the average customer waiting time, in minutes?
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