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Enter a formula into each of the cells marked with a below Review Problem: Activity-Based Costing Data Deluxe Tourist Annual sales in units 2,000 10,000 Direct materials per unit $25 $17 Direct labor-hours per unit 5 4 Direct labor rate $12 per DLH Estimated Overhead Expected Activity Activities and Activity Measures Cost Deluxe Tourist Total Labor related (direct labor-hours) $80,000? Machine setups (setups) 150,000 3,000 2,000 ? Production orders (orders) 70,000 100 300 ? General factory (machine-hours) 250,000 12,000 28,000? Compute the predetermined overhead rate Estimated total manufacturing overhead (a) Estimated total amount of the allocation base (b) DLHs Predetermined overhead rate (a) ÷ (b) per DLH Compute the manufacturing overhead applied Deluxe Tourist Direct labor-hours per unit (a) DLHs ? DLHs Predetermined overhead rate (b) ? per DLH ? per DLH Manufacturing overhead applied per unit (a) × (b) ?Compute traditional unit product costs Deluxe Tourist Direct materials ? Direct labor ? Manufacturing overhead applied ? Traditonal unit product cost? Compute activity rates Estimated Overhead Activities Cost Total Expected Activity Activity Rate Labor related ? DLHs ? per DLH Machine setups ? ? setups ? per setup Production orders ? orders ? per order General factory ? MHs ? per MH Compute the ABC overhead cost per unit Deluxe Tourist Activity Expected Expected Activities Rate Activity Amount Activity Amount Labor related ? Machine setups ? Production orders ? General factory ? Total overhead cost assigned (a) Number of units produced (b) ABC overhead cost per unit (a) ÷ (b) Compute the ABC unit product costs Deluxe Tourist Direct materials ? Direct labor ? ABC overhead cost per unit (see above) ABC unit product cost ?
Financial Statement Analysis and Preparation
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Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
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Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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