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The ABC company is facing a sitation where it has to decide whether to continue its production or stop it. The following is the detail of its production:
Per Unit cost:
Variable Cost ........... Rs 80
Fixed Cost................Rs 20
Salesprice per unit....Rs 90
What would be your decision being a cost accountant? Give youranswer with calculations whether ABC Company should continue or stop the production?
Illustrate the effect on the account and financial statements of paying and recording the March 17th payroll. Determine the following amounts of the employer payroll taxes related to the March 17th payroll: a) FICA tax payable b)state unemployment t..
Capius Corporation issued 2000 bonds in $1000 individual denominations. Each bond has twenty detachable warrants. The bonds and warrants were sold at 110. At the time the bond were issued each warrant had a market value to one percent of the face ..
For debt the weight is 0.44, after tax cost is 0.051, and the product is 0.02244. I do not understand how to calculate the after-tax costs. How is this done?
What accounting assumptions necessitate the use of adjusting entries? What accounts are subject to adjusting journal entries?
on April 1, 2010, a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1, 2006. The equipment had a salvage value of $5,000, and a useful life 10 years.
Identify how operating budgets are developed. Compare five to seven expense results with budget expectations, and describe possible reasons for variance.
Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2010.
At the begining of the year , Addison Company's assets are 259,000 and it's equity is 194,250. During the year ,assets increased 80,000 and liabilities increase 52,643. What is the equity at the end of the year?
Manufacturing overhead is allocated to products based on the number of machine hours required. In a year when 20,000 machine hours were anticipated, costs were budgeted at $125,000.
In its Statement of Net Assets, a government reported: Assets of $90 million, including $30 million in capital assets (net) and liabilities of $50 million, including long-term debt of $15 million, all related to capital asset acquisition.
Calculate the value of the firm's operations.
Speedy paid $90,000 of the fuel cost in May, with the remainder paid in June. In addition, Speedy paid $15,000 in May to another fuel supplier in an effort to build up its supply of fuel. Calculate the amount of expense recognized in May under accr..
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