Chapter 21, Problem 3UJ

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Honda Corporation had beginning raw materials inventory of $34,500. During the period, the company purchased $128,000 of raw materials on account. If the ending balance in raw materials was $22,700, the amount of raw materials transferred to work in process inventory is? Help

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How do you calculate the gross profit of a company?

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I need help completing this assignment base on the scenario listed below using Excel  Scenario: The Redmond Management Association held its annual public relations luncheon in April Year 2. Based on the previous year’s results, the organization allocated $25,290 of its operating budget to cover the cost of the luncheon. To ensure that costs would be appropriately controlled, you, the treasurer, prepared the following budget for the Year 2 luncheon.   Using Excel showing all work and formulas to complete the following: Preparing a flexible budget. Computing the sales volume variance and the variable cost volume variances based on a comparison between the master budget and the flexible budget. Computing flexible budget variances by comparing the flexible budget with the actual results.