WORKING PAPERS F/ FUND ACCOUNTING
WORKING PAPERS F/ FUND ACCOUNTING
22nd Edition
ISBN: 9781308868394
Author: Wild
Publisher: MCG CUSTOM
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Chapter 7, Problem 8BTN

Requirement-1:

To determine

To identify:

The five regional segments of Samsung from the regional information provided in Part B of footnote 33 of Segment information from its financial statements.

Requirement-2:

To determine

To identify:

The four items of accounting information disclosed by Samsung in its financial statements for each of its regional segments.

Requirement-3:

To determine

To discuss:

The Samsung whether has a dominant regional segment in the year 2013 from a dollar standpoint.

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Ultimate Production manufactures radon detectors. The standard for materials for each detector is 2 pounds of acrylic at a standard cost of $4.30 per pound. During May, the company purchased 890 pounds and used 830 pounds of acrylic, and made 410 radon detectors. The company paid $4.45 per pound for the acrylic. There were 400 detectors budgeted for May. How much is the material price variance? A) $134 unfavorable. B) $43 unfavorable. C) $177 unfavorable. D) $263 unfavorable.
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