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The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:
The Alpha Company produces toys for national distribution. Standards for a particular toy are:what is the materials price variance ?
Union Company uses a standard cost accounting system. The following overhead costs and production data are available for August:
If a company uses standard costing, the manufacturing overhead applied to Work-in-Process Inventory would be computed as:
The Adlake Company makes and sells a single product and uses a standard cost system. During October, the company budgeted $300,000 in manufacturing overhead cost at a denominator activity of 20,000
Based on a flexible budget for 5,000 machine hours of activity a company budgeted $25,000 for variable manufacturing overhead and $10,000 for fixed manufacturing overhead. If the company prepared a
On December 31, the balance in the Prepaid Advertising account was $176,000. This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming
Hart Company's labor standards call for 500 direct labor hours to produce 250 units of product. During October the company worked 625 direct labor hours and produced 300 units. what would be the sta
Overhead cost is applied to units based on direct labor hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity level of 20,000 direct labor hours for the month
To record the purchase of direct materials, the general ledger would include what entry to the Materials Price Variance Account?
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
For the month of April, actual direct labor hours amounted to 2,000. In April, what was the Thorp's standard direct labor rate per hour ?
The Reedy Company uses a standard costing system. The following data are available for November:what is the actual direct labor rate for November ?
Lab Corp. uses a standard cost system. Direct labor information for Product CER for the month of October follows:
The following labor standards have been established for a particular product:What is the labor efficiency variance for the month?
Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2008 assuming the transaction is treated as a purchase combination.
During March, Younger Company's direct material costs for product T were as follows: what was Younger's material quantity variance for March ?
Bale Co. acquired Silo Inc. on October 1, 20X1, in a business combination transaction. Bale's net income for the year was $1,400,000, while Silo had net income of $400,000 earned evenly during the y
Information on Fleming Company's direct material costs follows: What was the company's direct material price variance?
Bryant Co. has January 1, 2012, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2012.
The Porter Company has a standard cost system. In July the company purchased and used 22,500 pounds of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 Unfavo
A company borrowed $300,000 csh from the bank by signing a 5-year, 8% installment note. The present value of an annuity at 8% for 5 years is 3.9927. Each annuity payment equals $75,137. The present
At the beginning of the year, Addison Company's assets are $178,000 and its equity is $133,500. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at the e
when the cloth is cut for assembly. The cost of the cloth is $3 per yard. what is the standard direct material cost for cloth per unit of finished product ?