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Question - ABC Enterprises produces product M and adopts the policy to recover factory overheads by applying a blanket rate based on machine hours. The cost records reveal the following information for the year 2020-21- Budgeted production overheads = Rs. 10,35,000; Budgeted machine hours = 90,000; Actual machine hours worked = 86700; Actual production overhead = Rs. 9,80,000. Compute over or under absorption of overhead.
Give some management accounting tools used in planning and controlling the performance of modern businesses considering the following issues
Alfonza Incorporated presents its statement of cash flows using the indirect method.
Prepare income statement to compute the income before taxes if the firm uses variable costing (also known as contribution margin costing or direct costing)
If 24,100 direct labour hours were actually worked last month, what must be the flexible budget cost formula for indirect labour
Give an estimate of manufacturing costs for production levels of 25,000 units, 30,000 units, and 35,000 units per month. Direct materials $4.00 per unit
Determine the total overhead cost that would be assigned to each of the products listed above in the activity-based costing system
Preparation of a schedule of costo goods Manufactured and cost goods sold. The following cost and inventory data for the just completed year are taken from the accounting records of eccfles company:
Prepare the journal entry in the records of Thomas Ltd to account for the above acquisition. Thomas Ltd acquired a parcel of assets and liabilities
The company's borrowing rate is 8%. Calculate the net present value of this project to the company and determine whether the project is acceptable
Prepare journal entries and t accounts - what is asked as follows: earned 208,000 in revenue, including 52,000 on credit and the rest in cash.
A manufacturer's product is sold to customers at $5.40 each. Manufacturing costs are as follows: Fixed costs per period $270,000. Calculate the break-even point in units per period
Create a business plan for a hypothetical start-up company using the scenarios provided below. In the business plan, you will need to demonstrate
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