Determine the rate variance and time variance
The following data relate to labor cost for production of 12,500 cellular phones:
Actual: 13,600 at $16.15 $219,640
Standard: 13,725 hours at $16.00 $219,600
Determine the rate variance, time variance, and total direct labor cost variance.
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Explain and justify the difference between the treatment of estimated uncollectible taxes in fund accounting and the treatment of estimated bad debts in commercial accounting.
A disbursement by the general fund to another fund may be recorded as a receivable, an expenditure, or a fund transfer. Explain the circumstances that would result in each of these different treatments.
Though Maze was listed as a co-borrower, John repaid the loan in full in 2011. On Maze's Form 1120 tax returns, no loans from shareholders were reported. Discuss whether John is entitled to a bad debt deduction for the amount of the payment on the
Nielson Corp. sells its product for $6,600 per unit. Variable costs per unit are: manufacturing, $3,600, and selling and administrative, $75. Fixed costs are: $18,000 manufacturing overhead, and $24,000 selling and administrative. There was no beg
The following data relate to labor cost for production of 12,500 cellular phones: Determine the rate variance, time variance, and total direct labor cost variance.
Beka Company owns equipment that cost $50,000 when purchased on January 1, 2005. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years.
What should the company establish as the sales price per unit if it sets a target of earning an operating income of $260,000 by producing and selling 50,000 units during the first year of operations? (Hint: First compute the required contribution
Sam's Used Cars uses the specific identification method of costing inventory. During March, Sam purchased three cars for $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each. Sam determines that at March 31, th
Select a health care organization in the United States that has been charged with an antitrust action within the last five years. Summarize the charges and proposed rebuttal or mitigation of charges and lessons learned. Propose actions that can be
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