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XYZ ltd. which absorbs overheads at predetermined rates provides you the following information:
Overheads actually incurred ?200000
Overheads absorbed ?150000
Goods sold 13000 units
Stock of finished goods 10000 units
Stock of work in progress 10000 units (20% complete)
Question 1: Unabsorbed overheads were due to rising price levels. How would under absorbed overheads be treated in cost accounts?
Prepare the job cost card for the company. & Determine the amount of over/under-applied overhead for February. The firm worked on three orders: A, B and C.
Allied Package Express Service properly capitalized at $93,598 a large truck it had leased on January 1, 2011. The truck has a 14-year useful life. Title to the truck passes to Allied at the end of the 12-year lease term.
What amount of income should Tim recognize on the exchange of his services for a roof? Would your answer change if Tim would have normally billed $3,000 for his services?
Suppose the CEO decided to issue long term debt and use the proceeds to pay a dividend. Would that change ROA? If so, would it go up or down? Explain briefly.
Evaluate the markup of currently used and evaluate the two new rates, one for class A repairs and another for class B repairs, using the similar markup of x that you determined in part a.
analyzing activity in inventory accountsselect data concerning operations of cascade manufacturing company for the past
What is the likely effect of this allocation approach on the desired motivation and behavior within the SBUs? What approach would you propose for allocating legal costs, and why?
Each person would pay $40 to attend; 200 attendees are expected Will the event be profitable for the sorority? Show computations and how many people must attend for the sorority to break even?
Contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors remain same, by how much will net income increase
If one unit of Product X used $2.50 of direct materials and $3.00 of direct labor, sold for $8.00, and was assigned overhead at the rate of 30% of direct labor costs, how much gross profit was realized from this sale?
image is everything inc. iie is located in an emerging market. it specializes in lithographic duplication catering to
Shall the company accept the special order if activity-based costing system is in use? Why? Does the costing system affect your advice regarding acceptance of the special order? Why?
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