Bundle: Essentials of Business Communication, Loose-leaf Version, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337736350
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Question
Chapter 12, Problem 12.11AAC
Summary Introduction
To determine: The creation of an impromptu five-to-ten-minute informative talk on how the Fortune magazine decides which companies make its annual lists.
Introduction/case summary (question specific): Research on 4 lists and present an informative talk from the finding.
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Pinecrest Industries, Inc., has collected the following data on one of its products. The
actual cost of the direct materials used is:
Direct materials standard (4 lbs. @ $3/lb) = $12 per finished unit
Total direct materials cost variance (unfavorable) = $18,000
Actual direct materials used = 120,000 lbs.
Actual finished units produced = 30,000 units
Please provide the answer to this general accounting question using the right approach.
I mistakenly submitted blurr image please don't answer .
comment please i will write values.
Chapter 12 Solutions
Bundle: Essentials of Business Communication, Loose-leaf Version, 11th + MindTap Business Communication, 1 term (6 months) Printed Access Card
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- Can you solve this general accounting problem using accurate calculation methods?arrow_forwardNonearrow_forwardConsider a firm facing conventional production technology. The short run Production Function has a small range of increasing marginal product (increasing marginal returns) and then is subject to the Law of Diminishing Marginal Product (diminishing marginal returns). A. Putting quantity on the horizontal axis and dollars on the vertical axis, depict three important curves: Fixed Cost (FC), Variable Cost (VC), and Total Cost (TC). (Note that we are not asking you to depict average cost functions!) B. Please clearly indicate on this graph the range of quantities where the firm is experiencing (1) increasing marginal product and (2) diminishing marginal product. C. In a few sentences, please justify why you've made this specific classification of increasing/diminishing marginal product in part (b).arrow_forward
- Solve this question and accounting questionarrow_forwardAssume that the following statements of financial position are stated and a book value. Alpha Corporation Current Assets $15,000 Current Liabilities $5,400 Net Fixed Assets 39,000 Long-Term Debt 10,100 Equity 38,500 $54,000 $54,000 Beta Corporation Current Assets $3,600 Current Liabilities $1,400 Net Fixed Assets 6,700 Long-Term Debt 2,100 Equity 6,800 $10,300 $10,300 Suppose the fair market value of Beta’s fixed assets is $9,500 rather than the $6,700 book value shown. Alpha pays $17,300 for Beta and raises the needed funds through an issue of long-term debt. Construct the post-merger statement of financial position now, assuming that the purchase method of accounting is used.arrow_forwardPlease explain the solution to this general accounting problem using the correct accounting principles.arrow_forward
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