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Data are as follows:
Beginning inventory balances for WIP and Finished Goods inventory are P 67,000 and P 54,000, respectively.
Ending balances of raw materials, WIP and Finished goods inventory are as follows: P 39,000, P 59,000 and P 48,000, respectively.
Problem 1: Raw materials purchases are P 45,000. Factory overhead totaled P 7,500 (this is 75% of total Direct labor cost). Total expenses of the company totaled P 11,500 which is 11.5% of total sales. Net income is 31,000. Compute the total Cost of Goods Sold.
the hilltop corporation is considering as of 1108 the replacement of an old machine that is currently being used. the
Describe and advise on the possible features of bonus schemes which are designed to motivate non-executive directors who are part-time, remunerated by fees under contracts for a fixed number of years and required by corporate governance codes to m..
The company needs to maintain monthly ending inventories of clay equal to 20% of the subsequent month's production required. On August 31, 18,000 pounds of clay were on hand.
Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 53,000 and 47,000, in the Fabricating and Assembling Departments, respectively.
The company uses a standard cost system and applies factory overhead based on direct labor hours and determines the factory overhead rate based on a practical capacity of 400 units of the product.
Evaluated warranty costs are expensed for accounting purposes when incurred. depreciation for accounting and income tax purposes differs because of dissimilar bases of carrying the related property.
How much should be in production center W after the reapportionment(s) of service cost center costs to production centers?Calculate W
Develop a template of costs. You should separate expenses into variable and fixed expenses. The SMH data file contains a template to provide some guidance and calculate the breakeven point in patient days.
SHOE INVENTORY FINAL,Find gross profit, fifo and lifo. Beginning Inventory 2,000 Pairs @ $20 each, Purchase, Sale on Account,Sale on Account.
What is meant by budget variance? What is an effective way to incorporate variance analysis into the budget process? What are the differences between labor and material variances?
The Summer Products Division of Super-Sports, Prepare properly formatted segmented income statement in the contribution format for this past month.
Compute the total variable cost and total fixed cost for each expense category for last year. The treasurer believes that in the coming year, the electricity rate will increase by $0.005 and the repairs rate.
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