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cost of goods sold. All inventory purchases are paid 22% in the month of
purchase and 78% in the following month.
What are the total cash collections budgeted for June?
2. Madden Corporation manufactures T-shirts (its only product). The
company’s standards for manufacturing T-shirts are as follows:
2a. What is the direct labor rate variance for the month? Is it favorable or
unfavorable?
2b. What is the direct labor efficiency variance for the month? Is it
favorable or unfavorable?
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ACCT 346 Week 6 Quiz (2 Sets)
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ACCT 346 Week 6 Quiz (2 Sets)
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ACCT 346 Week 7 Homework Assignment
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