A company whose parent operations are based in Kenya has established a branch in Tanzania whose financial year ends the same time as the calendar year. The expenses paid at the branch during the year amounted to Tsh.18,000,000. The following information is also available at the branch: 1) Accrued expenses amounted to Tsh 15,000,000.

2) Prepaid expenses amounted to Tsh 18,000,000.

3) Non-current assets of Tsh.120,000,000

The exchange rates available are: Historic rate (1Ksh=Tsh15), Closing rate (1Ksh=Tsh10), Average rate (1Ksh=12), Actual rate (1Ksh=Tsh11.82)

Compute the amount of expenses in the currency of the Head Office (use presentation method)

As part of a hiring process, codex marketing company conducts an internet search to discover what a job candidate has posted. to codex, this act should present

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.