Cost standards for one unit of product no. C1895: Direct material 3 pounds at $2.60 per pound $ 7.80 Direct labor 5 hours at $7.40 per hour 37.00 Actual results: Units produced 8,200 units Direct material purchased 26,900 pounds at $2.80 $ 75,320 Direct material used 24,300 pounds at $2.80 68,040 Direct labor 41,400 hours at $7.20 298,080 Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are:

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

What are six resources for you decide which type of business to start and how to start it?