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Standard hours for manufacturing two products, M and N are 15 hours per unit and 20 hours per unit respectively. Both products require identical kind of labour and the standard wages rate per hour is Rs.5. In the year 2006, 10,000 units of M and 15,000 units of N were manufactured. The total labour hours actually worked were 4,50, 000 and the actual wages bill came to Rs.23,00, 000. This includes 12, 000 hours paid for @ Rs.7 per hour and 9,400 hours paid for @ Rs.7.50 per hour, the balance having been paid @ Rs.5 per hour. Calculate labour variances.
A person is considering an investment situation that requires the investment of $100,000 at time zero and $200,00 at year one to generate profits of $90,000 per year starting at year two and runnning through year 10 (a 9 year profit period) wi..
a client operates a small business organized as a sole propreintship and is considering change the business to operate
in a year that sheldon had agi of 100000 he donated 60000 to his high school to help finance a large hadron collider
ifrs 1 requires disclosures that explain how the transition from previous gaap to ifrs affected the entitys reported
each pallet of your product in the warehouse of your distributor holds 5000 of product at the distributors cost of
Bond issue price and premium amortization.On January 1, 2015, Piper Co. issued ten-year bonds with a face value of $3,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. T..
seven enterprises is a large producer of gourmet per food. during april it produced 147 batches of puppy meal. each
Direct materials are paid 25% in the month incurred and 75% in the following month. Account payable for materials as of December 31, 2010 is $5,400; this amount will be paid in January 2011.
at january 1 2011 transit developments owed first city bank group 600000 under an 11 note with three years remaining to
The original formation of accounting organizations came from the need to be more organized, with standards that would be followed by all companies with the idea of protecting the business and the stockholder.
1. discuss the advantages and disadvantages associated with the decision to implement the new system using the big bang approach versus the phased-in approach. 2. Identify the internal control procedures (classified per COSO) that could prevent or de..
for the following scenarios use the cost information pertaining to the current production process. the special
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