Examlex
To produce one unit of PL734 requires 1.5 direct labor hours at a standard cost of $15.00 per hour. During the month of April, 41,000 units were produced using 63,450 direct labor hours of labor at a cost of $926,370.
Goodwill Impairment
A decrease in the value of goodwill on a company’s balance sheet, indicating that the value of a company’s acquired assets has fallen below the original valuation.
Revalued Assets
Assets that have been appraised again to reflect their current market value, rather than their original cost.
Consolidated Financial Statements
Financial statements that aggregate the financial position and results of a parent company and its subsidiaries, presenting as if the group were a single entity.
Goodwill
An intangible asset representing the excess of the purchase consideration over the fair value of net identifiable assets of a business acquired.
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