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Question - Consider the elements of cost in Geordie Ltd, namely, the material cost of a product, the cost of direct labour and the cost of non-labour expenses (usually referred to as the overhead). In this company the material cost of a product is $6 less than thrice the cost of the direct labour; and the overhead is 3/4 of the direct labour cost. Knowing that the total cost of the product is $120, compute the amount of the direct labour.
Use direct labor hours as the cost driver to compute the allocation rate. Determine the amount of budgeted overhead cost for each department.
Compute the amount of under applied or over applied overhead cost for the year - Prepare a schedule of cost of goods manufactured for the year.
$250,000 from customers and received $2,000 for dividend payments from shares in other companies. What would total cash from operations be for the year?
Actual production for the year was 90,000 units of product in 44,000 hours. What is the standard variable factory overhead rate per hour?
During the first quarter, Roland Company incurs the following direct labor costs: January $53,000, February $59, 200, and March $74, 200.
Compute total estimated costs for next year. Calculate Preferred's net operating income assuming the company uses variable costing.
Prepare a contribution margin income statement for the month. What is the contribution margin ratio? What volume, in terms of units, must the company sell to break even?
Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.
Evaluate the selling price and produce a contribution margin per
Prepare a schedule in which you apportion the overhead costs to production departments using repeated distribution method or algebraic method.
intermediate corp. has asked for your assistance with their earnings per share evaluation for the year ended 12312012.
Calculate Total pay for Paul and Margaret. The bonus is computed as follows, the percentage of production in excess of the standard quantity
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