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AAA Company signed a contract charging a customer P600,000 to change the windows of a customer's house. The contract includes costs of the materials labor. The company would charge P250,000 for materials if sold separately and P500,000 for labor if the customer will purchase the needed materials.
Problem 1: How much of the transaction price would the company allocate to its performance obligation to provide the needed services to the customer?
Ralph Co. uses a plant-wide rate based on direct labor hours to assign its overhead costs. The estimated overhead costs are $400,000. There are two major categories of overhead: material handling and quality control. The estimated direct labor hours ..
A cheque was drawn (No. 444) payable to Roberta Floss, Record the transaction from Logan's auxiliary petty cash record and general journal:
The market risk premium is 7.5%, and the return on an average stock in the market last year was 13%. What is the estimated cost of common equity using the CAPM
In its December 31, 2020 statement of financial position, at what amount should Ulster report the carrying amount of the bonds
Japan company produces lamps that require 2.75 standard hours per unit at an hourly rate of $14 per hour. If 8,700 units required 19,250 hours at an hourly rate of $14.90 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c..
You are long 10 gold futures contracts, established at an initial settle price of $1,520 per ounce, Calculate the profit or loss for each trading day
Using an INCREMENTAL Net Present Value approach, evaluated the desirability of replacing the industrial ovens
The development of MCOs has been influenced by the type of market they serve. For example, BCBS companies moved from primarily a service plan provider to a multiproduct line that includes HMO, PPO, and consumer choice plans. Evaluate the impact of on..
question 1. research the reporting requirements for lease reporting under gaap and international financial reporting
Including manufacturing overhead costs in product costs ensures that each product will earn a profit. Normally a job cost sheet is not prepared for a job until after the job has been completed. In a job-order costing system, the incurrence of indirec..
The average age of "Inventory" is 72 days. Assuming a 365-day year, what is the length of Cook Company's "Cash Conversion Cycle?"
Assume instead that Rogala uses the aging of accounts receivable method and estimates that $82 of its Accounts Receivable will be uncollectible
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