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Peso Ltd. has furnished the following data relating to a product for the year 2012-2013:
Units produced 2,000 Direct materials 80,000
Direct labour 90,000 Manufacturing ` 60,000 (25% fixed) overhead,
Selling and administrative ` 50,000 (40% fixed) overheads
Question 1: If the company manufactures 2,400 units in the next year, the cost per unit would be
Compute the company's new break-even point in dollars for the company as a whole and the new margin of safety in both dollars
Comment on Lisa's misconceptions regarding the auditor's role in providing information that is useful in making investment decisions.
ABC is estimating that there will be 400 shipments totalling 8,000 units during the current period. How much cost should be allocated to each shipment?
The controller at Emporia Precision Parts asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for June.
What is the amount of additional liability, if any, required to reflect the minimum pension liability - minimum pension liability should consider expected future salary levels rather than the current levels.
Compute your answers using the PV Table provided. If you don't have a copy of the PV Table accessible, you may access one here
The new machine is expected to have a 10% return. What will be the service department's residual income if the investment is accepted?
If the interest rate on the loan is 5%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?
Write a personal reflection journal on the recorded Employability / Career Development Toowoomba campus presentation provided on the ACC1101 course homepage.
Calculate the budgeted departmental costs. Calculate the adjusted departmental cost. Find the difference between budgeted and adjusted costs.
Explain how the use of an activity-based costing system could change the results of the budget, if utilized. (approximately 1 page)
Make the necessary adjusting entries - the equipment has an estimated useful life of nine years and a salvage value of $1,000. Depreciation is calculated using the straight-line method.
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