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Question - Hamzah Inc. reported the following information at the end of the first quarter of 2020,
Sales $62890
Direct materials $8767
Direct labor $6957
Factory utilities (variable) $4741
Factory rent $7872
Sales staff salary $5958
Sales commission $2374
Office rent $3439
Required - Compute the total contribution margin?
Prepare a determination and distribution of excess schedule for the investment (a value analysis is not needed). Prepare all the eliminations and adjustments that would be made on the 20X1 consolidated worksheet.
Machine-related costs equal $160,000. Other overhead costs equal $240,000. Calculate the activity rate for machine-related costs
$3,200 for the months of January and September. If we produced 1,000 and 600 units in these months, what was the fixed cost associated with the utilities bill?
A stock is currently priced at $60 per share. Calculate the expected return over a the next three months, i.e., quarterly return
Show Provide journal entries to account for the revaluation. On 1 July 2020, it is decided to revalue the asset to its fair value of $150 000.
A manufacturer is considering a switch from manufacturers’ representatives to an internal sales force. The following cost estimates are available. Manufacturers’ reps are paid 8.4% commission and incur $650,000 in fixed costs; while an internal sales..
Prepare a pension worksheet for Blue Corporation for 2020. Blue Corporation is a privately owned company that uses ASPE. Pension Plan Assets 1,530,000
The shareholders of the Pickwick Paper Company need to elect eight directors. There are 200,000 shares outstanding. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majority vo..
The noncash assets are sold for P 800,000, with P 210,000 of this amount being used to pay liquidation expenses. How much of the cash must Albert receive
Magic Marker Incorporated has a December 31 year-end date. What is the journal entry that will be recorded on December 31, 2015?
Journalize the partnership reciept of assets, the liabilities from simson and Gonzales record each assets at current market value with no entry
How does financial performance measurement helps accountants or managers to make decisions? What is the difference between horizontal, trend, vertical and ratio analysis?
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