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September 1, 2014

Homework Help: Business: Accounting

Recent Homework Questions About Accounting

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HTT / 230
Can you please tell me if i am on the right tract i more to do and want to see if i am understanding it. Review the SEC website at sec and the FASB Web site at fasb Identify the mission and main activities of each organization. What are the similarities and differences in the ...
Tuesday, December 3, 2013 at 2:16pm

business law
*The below is a scenario in which I have to make an IRAC for (not sure if you know what that is) but read the scenario and see if "Faye" is able to leave legally without ramifications. You must also list the legal rules that apply to this scenario..(for example, if ...
Monday, December 2, 2013 at 3:10pm

Accounting
How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?
Sunday, November 24, 2013 at 11:34am

Principles of Accounting I - 29
The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital balance reported?
Saturday, November 23, 2013 at 4:05pm

Accounting
Hawkeye Electric Company engaged in the following transactions during July. Journalize the preceding transactions on the books of Hawkeye Electric Company using the perpetual system of inventory. July 2 – Purchased inventory for cash, $800 July 5 – Purchased store ...
Saturday, November 23, 2013 at 3:43pm

Accounting
I am doing a report on finding the major challenges in the future of my university with regards to their revenue and expenses. I have to discuss the main financial obstacles faced by the university and explain why each presents problems with future planning / budgeting. On the...
Saturday, November 23, 2013 at 12:42pm

Business
Why do you think there have been so many accounting scandals in recent years?
Friday, November 22, 2013 at 9:41am

accounting
Harry and Sally were divorced three years ago. In July of the current year, their son, Joe, broke his arm falling out of a tree. Joe lives with Sally and Sally claims him as a dependent on her tax return. Harry paid for the medical expenses related to Joe’s injury. Can ...
Monday, November 18, 2013 at 12:31pm

accounting
Exercise 5-3 Analyzing and recording merchandise transactions-both buyer and seller LO P1, P2 Santa Fe Company purchased merchandise for resale from Mesa Company with an invoice price of $16,000 and credit terms of 3/10, n/60. The merchandise had cost Mesa $10,912. Santa Fe ...
Sunday, November 17, 2013 at 7:53pm

Business 101
1. Carmen Santiago works for a number of businesses as a “consultant.” She has helped design accounting systems, provided accounting services, and analyzed the financial strength of her clients’ businesses. Carmen is working as a A. public accountant. B. ...
Sunday, November 17, 2013 at 6:59pm

understanding and managing money
Carmen Santiago works for a number of businesses as a consultant. She has helped design accounting systems,provided accounting services,and analyzed the financial strength of her clients'businesses. Carmen is working as a?
Sunday, November 17, 2013 at 5:48pm

accounting
How would you summarize Apple’s cash flow position and what does this statement tell you about where the money is coming from and where it’s going? What should Apple do to improve its cash position and why?
Thursday, November 14, 2013 at 5:06pm

accounting
Pattillo Industries makes a product that sells for $25 a unit. The product has a $5 per unit variable cost and total fixed costs of $9,000. At budgeted sales of 1,000 units, the margin of safety percentage is 45%, 55%, 64%, none of these
Thursday, November 14, 2013 at 12:23am

business accounting
the long distance company that you use charges $5.00 per month and $0.10 per minute per call. If your current bill is $25.00, how many minutes did you use?
Wednesday, November 13, 2013 at 1:45am

accounting
The magnitude of operating leverage for Perkins Corporation is 3.4 when sales are $100,000, if sales increase to $110,000, profits would be expected to increase by what percent?
Wednesday, November 13, 2013 at 12:02am

Accounting
The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value-Common Stock ...
Tuesday, November 12, 2013 at 9:03pm

Accounting
The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011 Net sales $1,890,540 $1,750,500 Cost of goods sold 1,058,540 1,006,000 Gross profit 832,000 744,500 Selling...
Tuesday, November 12, 2013 at 1:42pm

accounting
A tabular analysis of the transactions made during August 2010 by Witten Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Cash + Accounts Receivable...
Saturday, November 9, 2013 at 6:08pm

accounting
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inventory method. what is the difference in taxes if LIFO rather than fifo is used?
Thursday, November 7, 2013 at 12:14am

accounting
a physical inventory on december 31 shows 2,000 units on hand. holliday sells the units for $12 each. the company has an effective tax rate of 20%. holliday uses the periodic inventory method. what is the difference in taxes if LIFO rather than fifo is used?
Thursday, November 7, 2013 at 12:11am

Accounting 2 goes with the 1st question
Split common stock 4 to 1 and reduced PAR from $80 to $20. After the split there were 600,000 shares.
Wednesday, November 6, 2013 at 2:56pm

Accounting 2
Declared semiannual dividends of $1.20 on 75,000 shares of preferred stock and $0.08 on the 600,000 shares of $20 par common stock to stockholders of record on March 31, payable on April 30.
Wednesday, November 6, 2013 at 2:53pm

Accounting
Genentech, Inc. is a California-based biotech pioneer recently acquired by Swiss pharmaceutical giant Roche Holding AG. Roche paid $46.8 billion in cash for the 44 percent of Genentech it did not already own, implying a market value of over $100 billion for the entire company...
Saturday, November 2, 2013 at 3:39pm

Accounting
Montana Company produces basketballs. It incurred the following costs during the year. Direct materials: $14,032 Direct Labor: $25,706 Fixed manufacturing overhead: $9,698 Variable manufacturing overhead: $32,164 Selling Costs: $21,176 What are the total product costs for the ...
Friday, November 1, 2013 at 4:50pm

accounting
Jane and Walt form Orange Corporation. Jane transfers equipment worth $475,000 (basis of $100,000) and cash of $25,000 to Orange Corporation for 50% of its stock. Walt transfers a building and land worth $525,000 (basis of $200,000) for 50% of Orange’s stock and $25,000 ...
Friday, November 1, 2013 at 4:20pm

Accounting - please check my answers
Dogwood florist opened a business January 1st 2010. During 2010, they had the following transactions and economic events. For each of the transactions and economic events prepare the adjusting entries and show the related transaction entries at the date that each would be made...
Wednesday, October 30, 2013 at 6:36pm

accounting
In addition, assume that Anheuser-Busch InBev sold 200 million barrels of beer during the year. Assume that variable costs were 75% of the cost of goods sold and 40% of selling, general and administration expenses. Assume that the remaining costs are fixed. For the following ...
Monday, October 28, 2013 at 10:51am

accounting
using the break-even equations to solve for price and variable cost per unit andromeda company's break-even point is 2,400 units. variable cost per unit is $42; total costs are 67,200 per year. what price does andromeda charge?
Friday, October 25, 2013 at 10:16pm

Accounting
The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. NELSON COMPANY Unadjusted Trial Balance January 31, 2013 Debit Credit Cash $ 26,150 Merchandise inventory 14,500 Store supplies 5,000 Prepaid insurance 2,100 Store equipment 42,800 ...
Wednesday, October 16, 2013 at 5:51pm

accounting
You won a lottery which pays $10,000 per year for 10 years (at the end of each year). Assuming a discount rate of 8% calculate the present value of your expected winnings
Tuesday, October 15, 2013 at 9:51pm

Accounting
The owner's equity of Logan's company is equal to one quarter of the total assets. Liabilities equal $60,000. What is the amount of owner's equity?
Monday, October 14, 2013 at 2:15pm

accounting 1
help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid ...
Monday, October 14, 2013 at 12:23pm

accounting 1
help with journalizing payroll transactions and filling on the cash payments journal, may 15, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. may 15, paid ...
Monday, October 14, 2013 at 12:22pm

fundamentals of accounting 1
journalizing payroll transactions, for Keller Systems;Inc, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. paid cash for semimonthly payroll. total earnings...
Monday, October 14, 2013 at 9:42am

managerial accounting
Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?
Saturday, October 12, 2013 at 6:26am

Accounting
What is 20% of $80,000
Tuesday, October 8, 2013 at 5:58pm

finanical accounting
Assume that you are the president of Gaslight company. At the end of the year (December 31, 2011 of operation.
Monday, October 7, 2013 at 3:38pm

Accounting
Describe the mechanisms that WorldCom’s management used to transfer profit from other time periods to inflate the current period.
Saturday, October 5, 2013 at 3:13am

business
The type of accounting concerned with providing information and analyses to managers within the organization is referred to as
Thursday, October 3, 2013 at 11:32pm

Accounting - Writing
UOIT has recently appointed you to prepare an independent consulting report to analyze the university’s current financial position and to provide some recommendations for improvement. Before you begin your analysis, you decide to identify UOIT’s various stakeholders...
Wednesday, October 2, 2013 at 6:20pm

macroeconomic
Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide, according to a new study. . . . Researchers estimated that annually secondhand smoke causes about 379,000 deaths from heart disease, 165,000 deaths from lower ...
Saturday, September 28, 2013 at 1:26pm

accounting
The list of accounts below and the unadjusted balances of these accounts were taken from the ledger of the Manville Corporation at the end of their accounting period, March 31, 20X2: Cash $ 3,995 Accounts Receivable 13,240 Allowance for Doubtful Accounts 120 Inventory—...
Wednesday, September 25, 2013 at 5:09pm

Principles of Accounting
I need help understanding my Accounting 205 class. Would some one please help me understand what I am having such a hard time comprehending.
Tuesday, September 24, 2013 at 9:13pm

Accounting
Why is the cash basis of accounting not used when preparing financial statements?
Tuesday, September 24, 2013 at 8:55pm

Accounting
You received an email from Carl the operations manager from the California Container division. They produce packaging for cell phones. Carl understands that his product is an important cash producer for the company. •The delivery price is based on long term contracts. &#...
Tuesday, September 24, 2013 at 10:09am

Accounting 1
The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to $6,000. $2,400. $3,000. $3,500.
Saturday, September 21, 2013 at 2:58pm

accounting
A recent cash budget showed estimated cash receipts of $159,000, estimated cash disbursements of $155,000, and a desired ending cash balance of $6,000, with no borrowing of funds. The beginning cash balance was:
Thursday, September 19, 2013 at 3:21pm

Accounting
Why is it more difficult to account for the inventory of a manufacturing firm than for that of a merchandising firm?
Wednesday, September 18, 2013 at 4:54pm

Accounting
Dividing Partnership Income Desmond Drury and Ty Wilkins have decided to form a partnership. They have agreed that Drury is to invest $44,700 and that Wilkins is to invest $104,300. Drury is to devote full time to the business, and Wilkins is to devote one-half time. The ...
Tuesday, September 17, 2013 at 8:11pm

FIN
Question 2 Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. This investment will consist of $2.00 million for land and $10.00 million for trucks and other ...
Monday, September 16, 2013 at 10:53am

accounting
On January 1, 2012, Lexmark Company's Accounts receivable account had a debit balance of $10,000. During January, 2012, the company billed customers for services in the amount of $300,000. Also during January, the company collected $240,000 from its customers on account. ...
Wednesday, September 11, 2013 at 6:36pm

Math
Randi takes the stairs at work whenever possible instead of the elevator. She must climb up 51 steps from her office to get to the accounting department. The human resources department is 24 steps below her office. How many steps are there between human resources and ...
Tuesday, September 10, 2013 at 9:15pm

accounting
ABC Company uses cash basis accounting for its records. During 2010, ABC collected $400,000 from its customers, made payments of $300,000 to its suppliers for inventory, and paid $140,000 for operating costs. ABC wants to prepare accrual basis financial statements. In ...
Monday, September 9, 2013 at 1:25am

Statistics
The owner of the Finer Diner submitted a proposal to you in hopes of selling the business to you. His asking price is $250,000. Your financial institution advises that your monthly payment to finance that amount would be $1850.00. This is in addition to other business expenses...
Sunday, September 8, 2013 at 7:27pm

Accounting
Annual interest of 5% paid if balance exceeds 800, $7 monthly fee if account falls below minimum balance, average monthly balance $1,160, account falls below $800 during 5 months. What is the annual net cost of this checking account?
Friday, September 6, 2013 at 8:27pm

accounting
Sam is trying to decide whether he should operate his business as a C cor- poration or as an S corporation. Due to potential environmental hazard problems, it is imperative that the business have limited liability. Sam is leaning toward the S corpora- tion form because it ...
Thursday, September 5, 2013 at 2:45pm

Math
4 accounting majors, 2 economics majors and 3 marketing majors have an interview for5 different positions with a large company. Find the number of dfferent ways that 5 of these could be hired. 4 accounting majors must be hired first then the final position may be chosen from ...
Tuesday, September 3, 2013 at 9:18pm

Intermediate Financial accounting III
The common stock of Warner Inc. is currently selling at $114 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $8; book value is $77 per share. 5.24 million shares are issued and outstanding. ...
Monday, September 2, 2013 at 11:25am

accounting-income tax
During the current year, Deborah Baronne, a single individual, paid the following amounts: Federal income tax $10,000 State income tax $4,000 Real estate taxes on land $1,400 State sales tax $2,000
Sunday, September 1, 2013 at 1:48am

accounting statistics
Find the balance at the end of 6 years of $5000 investment in an account with a nominal annual rate of interest of 2.5% compounded quarterly over the first two years and then grows according to nominal annual rate of discount of 6% convertible monthly over the remaining 4 ...
Thursday, August 29, 2013 at 7:04pm

accounting
can a buyer still avail the 2% discount if he/she partially paid the accounts receivable at the 5th day and the full payment is on the 10th day of the given discount period in this terms: 2/10 n/30?
Wednesday, August 28, 2013 at 8:41am

Finance
what is the mission of the Accounting and Finance Functional Area
Monday, August 26, 2013 at 11:47pm

bus3004
mission of the Accounting and Finance Functional Area
Monday, August 26, 2013 at 11:45pm

accounting
. On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts? a. Increase supplies and accounts payable by $1,200 b. Increase supplies and decrease cash by $1,200 c. Increase supplies and decrease ...
Sunday, August 25, 2013 at 3:05pm

Finance
1. Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,218,246. have a life of five years, and would produce the cash flows shown in the following table. Year Cash Flow 1...
Friday, August 23, 2013 at 7:41pm

Finance
Can you show me how to solve these problems? PLEASE!!! I can't figure out how to solve these. :-( 1.Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $1,953,490. have ...
Friday, August 23, 2013 at 3:19pm

Accounting
On october 31 A fund accrued 2000.00 for legal fees. In November 2000 the fund received an invoice. for October 2008 legal fees for an amount of $2500 and paid the invoice on November. 15. Record the journal entry of october 31 2008 and to reflect transaction.
Monday, August 19, 2013 at 11:47pm

College Accounting
A light truck is purchased on January 1 at a cost of $27,000. It is expected to serve for eight years and have a salvage value of $3,000. Calculate the depreciation expense for the first and third years of the truck's life using the following methods. If required, round ...
Wednesday, August 14, 2013 at 11:31pm

mult choice / accounting
A department transferred 7,000 units to the finished goods storeroom during a month. There was no beginning work in process inventory, but 500 units were still in process at the end of the month. Equivalent production for the month was 7,400 units, and production costs ...
Wednesday, August 14, 2013 at 7:27pm

accounting
A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment includes a debit to _____and a credit to ...
Tuesday, August 13, 2013 at 4:32pm

ACCOUNTING
Posted by dakota on Tuesday, August 13, 2013 at 2:03am. 1. If market interest rates are higher than the rate offered on the bonds being sold, they will be sold at: A. a premium. B. a discount. C. face value. D. a loss. 2. When bonds are issued at a premium, the bond premium: A...
Tuesday, August 13, 2013 at 3:24pm

business studies.Accounting,economics
i have a problem with choosing a career
Tuesday, August 13, 2013 at 7:48am

accounting
1. If market interest rates are higher than the rate offered on the bonds being sold, they will be sold at: A. a premium. B. a discount. C. face value. D. a loss. 2. When bonds are issued at a premium, the bond premium: A. reduces the amount of interest expense over the life ...
Tuesday, August 13, 2013 at 2:03am

accounting
A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to record the earnings made on the sinking fund investment includes a debit to _____and a credit to ...
Tuesday, August 13, 2013 at 1:59am

Accounting
These questions are based on the following information and should be viewed as independent situations. Popper Co. acquired 80% of the common stock of Cocker Co. on January 1, 2009, when Cocker had the following stockholders' equity accounts. Common Stock- 40,000 shares ...
Tuesday, August 13, 2013 at 1:20am

Accounting
These questions are based on the following information and should be viewed as independent situations. Popper Co. acquired 80% of the common stock of Cocker Co. on January 1, 2009, when Cocker had the following stockholders' equity accounts. Common Stock- 40,000 shares ...
Tuesday, August 13, 2013 at 1:17am

Accounting
These questions are based on the following information and should be viewed as independent situations. Popper Co. acquired 80% of the common stock of Cocker Co. on January 1, 2009, when Cocker had the following stockholders' equity accounts. Common Stock- 40,000 shares ...
Tuesday, August 13, 2013 at 1:12am

accounting
Adjusting entries. You have been retained to examine the records of Kathy's Day Care Center as of December 31, 20X3, the close of the current reporting period. In the course of your examination, you discover the following: •On January 1, 20X3, the Supplies account had...
Monday, August 12, 2013 at 4:23pm

BUS
PROVIDED ACCOUNTING SERVICES,AND ANALYZED THE FINANCIAL STRENGTH OF HER CLIENTS BUSINESSES. CARMEN IS WORKING AS A
Monday, August 12, 2013 at 11:09am

accounting
After the closing entries are posted to the ledger, each revenue account will have a zero balance: a. a zero balance, b. a debit balance, c. a credit balance, or d. either a debit or a credit balance.
Wednesday, August 7, 2013 at 11:19pm

Accounting
After the closing entries are posted to the ledger, each revenue account will have a zero balance: a. a zero balance, b. a debit balance, c. a credit balance, or d. either a debit or a credit balance.
Wednesday, August 7, 2013 at 11:18pm

accounting
owner got personal loan from his bank and sign note payable.what is the journal entries?
Tuesday, August 6, 2013 at 5:36pm

accounting
The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?
Tuesday, August 6, 2013 at 4:33pm

Accounting
When a not-for-profit facility receives a contribution from a member of the community, the cost of the capital is inconsequential when deciding how to use the contribution, because it is, in effect, free money.” Yes
Monday, August 5, 2013 at 7:40pm

accounting
The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?
Monday, August 5, 2013 at 6:52pm

accounting
On January 1, 2012, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $562,757.
Monday, August 5, 2013 at 1:31am

accounting
On January 1, 2012, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $562,757.
Monday, August 5, 2013 at 1:31am

accounting
How do I figure out taxes associated with stock purchased in 2010 for $1000 held for 5 mths. Then sold for $1200 I am in the 28% tax bracket? (I must use the IRS regulations for capital gains in effect in 2010.) I really want to understand how to work this problem out from ...
Thursday, August 1, 2013 at 4:05pm

accounting
Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return. ◦What do you think were the possible reasons for the difference in the results? Explain.
Tuesday, July 30, 2013 at 9:50pm

MAROECONOMICS
Question 9 of 20 5.0 Points Investment includes the purchase of: A. stock options of Enron. B. software by an accounting firm. C. global positioning units for cruise missiles by the government. D. new chalk by a local school board.
Monday, July 29, 2013 at 5:36pm

Accounting
The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's profit margin? A.20% B.80% C.44.4% D.18%
Sunday, July 28, 2013 at 6:48pm

Accounting
Materials used by Square Yard Products Inc. in producing Division 3's product are currently purchased from outside suppliers at a cost of $5 per unit. However, the same materials are available from Division 6. Division 6 has unused capacity and can produce the materials ...
Sunday, July 28, 2013 at 6:44pm

Accounting
Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2012, the invested assets totaled $475,000 and net income was $115,000. What is the rate of return on assets? A.24.2% B.25.0% C.4.0% D.413.0%
Sunday, July 28, 2013 at 6:42pm

Accounting
Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $242,000, and a desired minimum rate of return of 15%. The investment turnover for Chicks is: A.1.3 B.1.2 C.1.0 D.1.1
Sunday, July 28, 2013 at 6:42pm

Accounting
The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows: StandardCosts Fixed overhead (based on 10,000 hours) 3 hours @ $.80 per hour Variable overhead3 hours @ $2.00 per hour Actual Costs Total variable ...
Sunday, July 28, 2013 at 6:39pm

Accounting
The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct labor 7,500 hours @ $12.00 Actual Costs Direct labor 7,400 hours @ $11.40 The amount of the direct labor rate variance is: A.$4,440 ...
Sunday, July 28, 2013 at 6:38pm

Accounting
The St. Augustine Corporation originally budgeted for $360,000 of fixed overhead. Production was budgeted to be 12,000 units. The standard hours for production were 5 hours per unit. The variable overhead rate was $3 per hour. Actual fixed overhead was $360,000 and actual ...
Sunday, July 28, 2013 at 6:25pm

Accounting
Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations? a. 1/10 net 30 b. 1/10 net 30 c. 1/10 net 40 d. 1/10 net 50 e. 1/10 net 60
Wednesday, July 24, 2013 at 4:04pm

Accounting
The following data relate to direct labor costs for the current period: Standard costs 6,000 hours at $12.00 Actual costs 7,500 hours at $11.60 What is the direct labor rate variance? Answer A.$15,000 unfavorable B.$3,000 favorable C.$17,400 unfavorable D.$2,400 favorable
Tuesday, July 23, 2013 at 2:02pm

Accounting
The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours @ $.80 per hour Variable overhead 3 hours @ $2.00 per hour Actual Costs Total variable...
Tuesday, July 23, 2013 at 2:02pm

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