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Question - Viejol Corporation has collected the following information after its first year of sales. Sales were $1,440,000 on 120,000 units, selling expenses $210,000 (40% variable and 60% fixed), direct materials $504,000, direct labor $169,400, administrative expenses $276,000 (20% variable and 80% fixed), and manufacturing overhead $382,000 (70% variable and 30% fixed). Top management has asked you for a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
Required - Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year.
Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold for last years accounts.Explain why some items have been excluded from the Schedules.
Determine the amounts that Cavendish Ltd would recognise at the commencement of the lease and prepare the lease payments schedule. Prepare the necessary journal entries to account for the lease
Calculate the product cost for one tent. Calculate the total product cost for last year. Prepare an income statement for external users. Did you need to prepare a supporting statement of cost of goods manufactured? Explain.
Define management accounting and describe the key components of the management accounting system. Collapse of demand due to locked-down imposed by government
lance limited manufactures a special component wkq 14 that is used in the making of calculators. as a step towards
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The Pretty Corporation produces small plastic dolls in its Davao manufacturing plant. How many defective units were produced?
What method of costing system (Traditional/ABC) do you think is appropriate for this company? Describe each method first and support your argument.
The budgeted overhead (static budget) was $200,000 , and the applied/ allocated overhead was $210,000. Compute the actual overhead costs incurred.
ACC203 Management Accounting Problem. Prepare the ending inventory budget for both direct materials and finished goods for 2018
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