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At the beginning of 2021, Smith Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products.
Theoretical annual capacity 4,000
Actual production 3,600
Production hours available 2,000
Actual cost per unit P28
Problem 1: Calculate the theoretical velocity per hour.
a. 0.5 units.
b. 0.55 units
c. 1.8 units
d. 2.0 units
e. none in the choices
Management is considering using higher-quality components that would increase the variable cost by $3 per unit. The marketing manager believes that the higher-quality product would increase sales by 15% per month. Calculate change in total contrib..
Actual net income for the period ended December 31, 2013 amounted to P1,250,000. What is the amount of goodwill to be recognized
Regis Company manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $750,000. The company produces 50,000 wheels and 100,000 seats each year. Each wheel uses 2 parts, and each seat uses 3..
Evaluate the unit product cost of each product for the current period and Carroll Company manufactures two products, Product DRT and Product CRT.
The first payment is $300 and each successive payment will increase by a constant dollar amount x. How much is the constant amount x? How much is the 48th payment?
multiple choice question based on basic accounts.1.the two types of accounting are and a.profit and nonprofit.
On May 31, the company counts the supplies and finds $200 of supplies remaining. What will the company report on its income statement for the month of May?
Prepare, in good form, a Statement of Net Position for Southern State University as of June 30, 2015. Record the increase in the present value of the receivable in the temporarily restricted net asset class as of December 31.
CTL Corporation has 30% of its financing in preferred shares. The shares are currently trading at a market. What is the cost of preferred stock to the company?
Prepare journal entries to record the initial purchase of the Rover machine (January 1, 2020), and depreciation for fiscal years 2020 and 2021.
When Nancy died, she left $20,000 for her 13 year old grandson, How long will the scholarship be paid for, once Max enters university?
For June, Sales Revenue, and Selling Expenses are as follows:Sales Revenue is $600,000. Selling Expenses are: sales commissions are 3.5% of sales; the sales manager's salary is $56,000; advertising expenses are $70,000; shipping expenses total 2% of ..
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