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Question - In respect of a factory the following figures have been obtained for the year 2020: Cost of material RM600,000; direct wages RM500,000; factory overheads RM300,000; administration overheads RM336,000; selling overheads RM224,000; distribution overheads RM140,000 and (i) profit on total cost @ 25% & (ii) profit on sales @ 20%. Find out total value of sales.
Discuss the initiatives by the accounting profession and in particular the accounting firms to respond to the impact of Robotics and the Internet of Things
1.flips market recorded the following events involving a recent purchase of merchandisereceived goods for 50000 terms
Find and Show the order of priority of payment of debts for Rock Bottom Ltd and calculate the amount payable to the company's ordinary unsecured creditors
The following data are available for Marble Hill Factory for the year ended 31 December 2020. Determine operating income using variable-costing approach
a productivity index of 110 means that a companys labor costs would have been 10 higher if it had not made production
What is the entry to record the restructuring of the loan payable. An entity has defaulted in its two annual interest payments on an existing loan payable.
The Polishing Department of Harbin Company has the following production and manufacturing cost data for September
Which would not be a procurement fraud scheme? $25,000 per year and has given each of them raises Bid rigging every year (approximately 3% per year).
From the e-Activity, examine how the Bernie Madoff organization was dismantled and give your opinion on whether you believe he was treated fairly during this process.
the lease line leasing transactions represent a very significant portion of the capital investments of many companies.
Describe the difference in reporting capital assets and long term debt in the governmental funds financial statements and reporting those elements for governmental activities in government wide financial statements.
Barn Company was offered $135,000 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records?
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