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Question: For producing 200 units of product, a company uses P60,000 of direct materials, pays P70,000 of direct labor and incurs P20,000 and P60,000 variable overhead and fixed overhead, respectively. Compute the product unit cost assuming that 450 units are produced.
trong Wood Company is a distributor of patio furniture. What is the company's margin of safety? Show calculations
An appliance manufacturer stock- piles washers and dryers in a large warehouse for ship- ment to retail stores. Sometimes in handling them the appliances get damaged.
Explain the consistency concept in relation to depreciation. Explain accrual (matching) concept in relation to the financial accounts
Using the adjusted trial balance, prepare the closing entries directly owner's capital for the month of January and create the post-closing trial balance.
Assuming that Pharoah has a December 31 year end, prepare the required journal entries as at the following dates. (Credit account titles are automatically)
Prepare the Stockholders' Equity section of the balance sheet to reflect the earnings and unrealized gain (loss) for the available-for-sale investments
Distinguish between current and accumulated earnings and profits. Why is it important to make this distinction?
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting
How much gain or loss, if any, must Jerome recognize as a result of the distribution? What basis will Jerome take in the inventory and land
Brandt Gardner, the owner-manager, Which do you think is more important for control of fixed overhead costs: the spending variance or the volume variance?
a machine costs 180000 has a 12000 salvage value is expected to last eight years and will generate an after-tax income
The ledger of Hubbard Company includes the following accounts. Explain why each account may require adjustment.
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