You have just been hired by fab corporation, the manufacturer of a revolutionary new garage door opening device. the president has asked that you review the company’s costing system and "do what you can to us get better control of our manufacturing overhead costs." you find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. after much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for march: cost formula actual cost in march utilities $17,000 plus $0.11 per machine-hour $ 20,890 maintenance $38,500 plus $2.10 per machine-hour $ 72,200 supplies $0.50 per machine-hour $ 9,300 indirect labor $94,100 plus $1.50 per machine-hour $ 123,500 depreciation $67,600 $ 69,300 during march, the company worked 17,000 machine-hours and produced 11,000 units. the company had originally planned to work 19,000 machine-hours during march. required: 1. prepare a flexible budget for march. (indicate the effect of each var

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

What is used by accountant to analyze transactions ?