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Problem 1: Metalica Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $456,000, and machine hours would total 19,000. By 20x1 year-end, actual overhead totaled $504,000, and actual machine hours were 24,000. On the basis of this information, the 20x1 predetermined overhead rate was:
Multiple Choice
Option 1: $0.04 per machine hour.Option 2: $0.05 per machine hour.Option 3: $19 per machine hour.Option 4: $21 per machine hour.Option 5: $24 per machine hour.
The JO Motel's general manager Mark, has completed the operations,Determine the amount of cash expected to be received during June 2019.
What are the characteristics of perfect competition? What is the relative position of a firm in a perfectly competitive industry? How does it choose its price?
Determine what the variable cost of goods sold is? Variable manufacturing overhead cost$3 per unit.Direct materials cost$5 per unit
¾ ths of the goods are sold for Rs. 60,000. Murthy is entitled to a commission of 10% on sales. Prepare Ledger accounts in the books of both the parties.
In manufacturing 5,000 units, 42,900 pounds of material were used at a cost of $67 per pound. What is the direct materials price variance?
Calculate the profit per unit and the return on sales for both products using The traditional absorption method(on a direct-labour-hour basis)
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The company's minimum required rate of return. Far Sight is a division of a major corporation. What is the division's return on investment (ROI)?
Explain why Warner might want to allocate security department costs to other departments.
If JackJoe only sold half of the production, which income statement would report higher net income? Construct a Variable and absorption income statement
an electric utility issued 3000 shares of common stock all of the same class 2800 shares are outstanding and 200 are
The sales manager is convinced that a $6,000 increase in the advertising budget would increase total sales by $25,000. Would you advise the increased advertising outlay?
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