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Questions -
Q1. Discuss the difference between idle time and overtime premium, in the discussion, clearly spell out the effects of each on productivity and costs. Accordingly discuss their accounting treatment in a manufacturing business account.
Q2. Describe the characteristics of direct and indirect labour cost in a manufacturing environment.
Q3. State three methods that can be used in an organisation to record attendance time as well as time spent on individual jobs.
audio works inc. warrants its products for one year. the estimated product warranty is 2 of sales. assume that sales
Delivery Vehicle-Henry purchase a new delivery vehicle on April 1,2011 for 80,000. The vehicle is to be depreciated over 7 years using double-declining-balance with a salvage value of 10,000.
AC556 Problem - Proforma Statements. Prepare a cost of goods manufactured schedule, a proforma income statement and proforma balance sheet
Roger signed for a ten year lease to rent office space from Doug. In the first year, Roger paid Doug 5000 for the first year's rent and 5000 for the rent for the last year of the lease. How much must Doug include in income in the first year of the..
Total production overhead $5,017,500. Using the old plant-wide rate calculate gross profit and the rate of return on the two products
Examine the evolution of the sources of fund used by the company over the last three financial years with specific focus on the changes of different sources
Give the entries required for 2011 and 2012 to account for the 2,200 contracts.
The Round Rock Company has provided the following information pertaining to its defined benefit plan. Determine the balance of the pension plan assets.
Consolidation adjustment/elimination journal entries that are required at the above financial year end date (i.e. for one year only).
the way of doing business whose goal is to eliminate waste while satisfying the customer and providing a positive
What are the different bases of accounting
Rally Synthesis Inc. manufactures and sells 90 bottles per day. How would the daily profit be affected if the daily volume of sales drop by 20%
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