The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 6,200hoursStandard direct labor rate$7per hourLabor efficiency variance$2,100UnfavorableThe standard hours allowed for December's production is:
A. 6,000 hours
B. 6,200 hours
C. 6,500 hours
D. 5,900 hours
Answer: D
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Project maturity has become a competitive edge.
Answer the following statement true (T) or false (F)
On June 30, 2017, Roger, Inc showed the following data on the equity section of their balance sheet
Stockholders' Equity Common Stock, $1 par; 202,000 shares authorized, 150,000 shares issued and outstanding $150,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 946,000 Total Stockholder's Equity $1,356,000 On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $20 per share. Following this transaction, what is the balance of Common Stock? A) $163,500 B) $57,180 C) $285,540 D) $357,180
Refer to the scenario above. Formulate an appropriate objective function and constraints to model this as an assignment problem
What will be an ideal response?
Which of the following is not one of the four steps of processing transactions?
A. Identify transactions and source documents. B. Record journal entry. C. Post entry to ledger. D. Analyze transactions using the accounting equation. E. Ensure assets are equal to liabilities.