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what take place in a rights issue of shares1 any premium on issue is added to a capital reserve2 any type of premium on the issue is added to a
when is working capital most likely to increasea when the business increases its selling prices b when the credit period allowed to customers is
phelps glass inc has reported the following financial data net revenues of 10 million variable costs of 5 million controllable fixed costs of 2
determine whether process is under controlhalls refrigeration and heating company is concerned about complaints from their customers about some
analysis of stockholders equitystar corporation issued both common and preferred stock during 19x6 the stockholders equity sections of the companys
a company values its loose tools for inclusion in its balance sheet the tools are not extremely valuable and the company uses estimating while
income statement - cost accuntinga starting entrepreneur has come up with a plan to start a gaming outlet in haarlem he would like to buy a building
traditional income statementthe du inn is an 80-room hotel located on some mountaintop in colorado it has no bar or restaurant and is positioned as a
allocate the overheads to the three departments and do the secondary allocation of service
example of contract account a company has been awarded a contract to build a house it is a contract number 45 for the company and the
example of job order costingthe given transactions were made by a company in the month of decemberdirect materialsa 8000- was bought on credit out of
considerations in variance investigationas already notice above not all variances are investigated this is only the material and meaningful as for
making variance analysis more meaningfulto compose variance analysis as useful aid to management is the main objective of variance calculations
reasons for overhead variances useful for control reasonsoverhead variances are essentially a book balancing exercising giving an arithmetic
occurrence of overhead variancesoverhead variances arise mainly because of the conventions of the overheads absorption process the overhead
component of fixed overheads variancefixed overhead expenditure variancethe fixed overhead expenditure variance is the dissimilarity between the
fixed overheads variancethis is defined like the difference between the fixed overheads attributed and the standard cost of fixed overheads absorbed
total variable overheads variances if variable overhead expenditure variance shs1 330variable overhead efficiency variance shs320then total
variable overhead efficiency variancebudget for december 2003shsfixed overheads11480variable overheads13120labour hours3280 hoursstandard
variable overhead expenditure variance budget for december 2003shsfixed overheads11480variable overheads13120labour hours3280 hoursstandard
illustration of overhead variance analysisagain for intentions of our demonstrations in overhead variance analysis we will suppose the given basic
developing and insight into labour and material variancethe calculation of labour and material variances is not sufficient we require knowing how the
overhead variancesthis explains how the variable overhead total variance and the fixed overhead total variances calculated you can recall the
typical causes of labour varianceslabour rate variancesa higher rates being paid than planned because of wage raise awardsb lower or higher grade of
typical causes of material variancesprice variancesa paying lower or higher prices than plannedb losing or gaining quantity discounts via buying in