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Problem - The financial statements of Mother Goose Company included these items:
Marketing costs P160,000
Direct Labor cost 245,000
Administrative costs 145,000
Direct materials used 185,000
Fixed factory overhead costs 155,000
Variable factory overhead costs 125,000
Required - Compute the 1. Prime cost 2. Conversion cost 3. Total inventoriable/product cost 4. Total period cost.
You are an accountant for The Flower Shoppe. Your supervisor has asked you to help her prepare the year-end financial statements. Before you do, she wants to ensure that you understand some main points.
What entry is made to close the nominal accounts and enter the profit or loss for the year -
Cash flows from operating activities-indirect method - deducted from net income in determining net cash flow from operating activities by the indirect method:
Explain activity-based product costing. What is a predetermined overhead rate and explain why many companies use it
Use T-accounts to show the flow of materials, labor, and overhead costs from the four overhead activity centers through Work-in-Process
Prepare an income statement for October for CBS - Prepare Statements for a Service Company
Management predicts that the machine can produce sales of $226,000 each year for the next 5 years. What is the present value payback period
Sales are budgeted at $330,000 for November, $300,000 for December and $320,000 for January. Calculate the expected cash receipts for December
Started in Process units 320,000. Make a cost of production report using FIFO method and Average Method. (Use five decimal places to complete the unit cost)
What Flynn's inventoriable cost for the current fiscal year was? Merchandise purchased for resale $300,000. Purchase returns 2,000
Evaluate the basic earnings per share for 2008 and evaluate the diluted earnings per share for 2008.
part abasil arrived in australia on 28 august 2013from his usual domicile in england. he obtained a working visa that
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