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Problem 1: A Company purchase goods worth Sh 8 million from a supplier on the following terms; 4/10 NET 60. The Company can take an overdraft at an interest rate of 24% p.a to pay the supplier. Advise whether the company should take the overdraft to pay the supplier in 10 days (show relevant workings)
Assume the company uses a weighted average process costing system.
What is the cost of raw materials used in 2020 using FIFO? April, of 17,000 units at 50 per unit and on July, of 10,000 units at 60 per unit.
Write an expression that represents the cost of the admission prices and the concession stand items based on the available information. Letdrepresent the cost for a large drink and letprepresent the cost of the popcorn.
Depreciation on plant machinery and equipment ?24,500. Find the amount of manufacturing overhead allocated to all jobs during June 2018 totals?
babb company is a manufacturing firm that uses job-order costing. the companys inventory balances were as follows at
Smith Pharmaceuticals is trying to estimate the breakeven volume of sales on a newly developed drug
Journalize adjusting entries and analyze effects - Prepaid insurance, beginning, $700. Payments for insurance during the period, $2,100.
By appraisal, the fair value was estimated to be $500,000 for the land and $2,000,000 for the building. At what amount should Schwartzkopf report the land and the building at the end of the year?
Niblick supplies golf equipment. Ten percent of his sales are for cash; Make a Niblick's cash budget for the four months to 30 April 2008.
Prepare a schedule of equivalent units and a cost of production report for Century Corporation for April. There was zero beginning work in process; 4,200 units were started; and 4,000 units were completed and transferred out
Pass necessary journal entries and close the factory overhead account. Prepare statement of cost of goods manufactured and cost of goods sold.
What organizational data/erudition is utilized to aid determine the optimal inventory level or degree for a retail store?
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