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1. The P/V ratio of Gupta Bros. is 40% and percentage of margin of safety is 30. You are required to calculate B.E.P and profit, if the sales volume is $150000.
2. Ascertain the B.E.P in dollars from the following: Selling price (SP)= $20 per unit Variable cost(VC)= $12 per unit Fixed Costs(FC)= $25000 Units produced= 10000 units.
3. The following information relates to Sumit Ltd. for the year 20X2: Cost per unit($) Direct Materials 20 Direct labor 10 Variable OH 5 Selling price p.u 40 Fixed costs 2500 Units sold in 20X2 3000units Find out B.E.P in dollars and B.E. Ratio.
Weldone company applies overhead using machine hours as the allocation base, at a rate of $17 per machine hour. Job DK requires $665 worth of material, 13 hours of labor at $15 per hour and 12 machine hours. What is the cost of job DK?
Record the February transactions in the journal and prepare the trial balance of Sam Mitchell, CPA, at February 29, 2012.
The amount of employer's social security tax for the last pay period is $29,600. What adjusting entry should be made to correct this error?
1. Nevada's engineers have found a way to reduce equipment manufacturing time. The new method would cost an additional $60 per unit and would allow Nevada to manufacture 20 additional units a year. Should Nevada implement the new method? Show your ca..
Grandma's Applesauce, Inc. has a 0.60 probability of a good year with operating cash flow of $50,000; and 0.40 probability of a bad year with operating cash flow of $30,000. The company has a debt of $35,000 with 8 percent interest due next year.
Prepare the Cash Flows from operating Activities section of the statement of cash flows using the indirect method.
What are the profit variance, revenue variance, and cost variance and consider the revenue variance. What is the component volume variance? The price variance and break down the cost variance into volume and management components.
What is the direct material cost for June? What is the direct labor cost for June?
Prepare bank reconciliation at July 31 and journalize the adjusting entries at July 31 on the books of Worthy Tours.
Describe the current costing system and list the potential weaknesses of this system regarding product costing accuracy and cost control and describe the proposed ABC system, the benefits from using it and why those benefits occur.
How much depreciation will be taken each year if the straight-line method of depreciation is used? Show calculations. "
20 year 0 coupon bond with a face value of $2,000 was issued at a rate of 10%. Currently the rate is 11%. 10 year 0 coupon bond with a face value of 10% is now is at 11%. Which bond has the highest change in price.
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