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What is the flexible-budget amount for variable manufacturing overhead? What is the flexible-budget variance for variable manufacturing overhead?
The following data relate to direct materials costs for November: What is the direct materials quantity variance?
In 2012, Bellgrade reported cost of goods of $380,000 while Hansen reported $210,000 What is the consolidated cost of goods sold in 2010?
What is the total cash collected (both from accounts receivable and for cash sales) in the month of January?
Why does an intra-entity sale of a depreciable asset (such as equipment or a building) require subsequent adjustments to depreciation expense within the consolidation process?
in the month following the sale, and the remainder in the following month. what are the cash collections in September from accounts receivable?
Manufacturing overhead is 36% variable. The Daisy Company has offered to supply all 15,000 units of QT34 per year for $35 per unit. If Tally accepts the offer, $8 per unit of the fixed overhead woul
the number of units set forth in the production budget, representing what is the total production for the current period ?
miscellaneous selling expenses are $2,100 plus 3/4 of 1% of sales. what are the Total selling expenses for the month of March ?
Discuss fully the tax consequences of this gift to him, the partnership, his son, and the American Red Cross. Be sure to include the allocation of the current year's partnership income.
Based on the information provided, what amount would be reported by Devon Company as investment in Regan Company common stock?
Direct labor was $49,500 and factory overhead was $9,900. what were the total conversion costs for the period ?
The first-in, first-out method is used to cost inventories. what was the number of equivalent units of production for conversion costs for the period ?
On January 15, the purchaser returns $1,750 worth of paper for full credit(approved by Shah) against the bill. Should the shipment on the December 31 be recorded as a sale? Discuss the ethics of Sha
Assume that there are 2,000 hours available on the cutting machine and that the demand for each product is 15,000 units. If one more hour of machine time could be obtained, how much would profits in
what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
The management of Clare Co. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2011, the accounting records show the following data.
Schneider Inc. had salaries payable of $60,000 and $90,000 at the end of 2010 and 2011, respectively. During 2011, Schneider recorded $620,000 in salaries expense in its income statement. Cash outfl
Which cost flow method results in (1) the highest inventory amount for the balance sheet, and (2) the highest cost of goods sold for the income statement?
How would consolidated cost of goods sold have differed if the inventory transfers had been for the same amount and cost, but from Stendall to Edgar?
Lebo made two errors: (1) 2011 ending inventory was overstated $3,000, and (2) 2012 ending inventory was understated $6,000.
X-Beams Inc. owned 70% of the voting common stock of Kent Corp. During 2011, Kent made several sales of inventory to X-Beams. The total selling price was $180,000 and the cost was $100,000. At the e
Jones Company had 100 units in beginning inventory at a total cost of $10,000.The company purchased 200 units at a total cost of $26,000. At the end of the year, Jones had 80 units in ending invento
Webb Co. acquired 100% of Rand Inc. on January 5, 20011. During 2011, Webb sold goods to Rand for $2,400,000 that cost Webb $1,800,000. Rand still owned 40% of the goods at the end of the year. Cost
Cotton Hotel Corporation recently purchased Emporia Hotel and the land on which it is located with the plan to tear down the Emporia Hotel and build a new luxury hotel on the site. The cost of the E