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Question 1: Obama Company sells its product for $28 per unit. During 2020, it produced 27500 units and sold 11000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labour $5, and variable overhead $4. Fixed costs are: $412500 manufacturing overhead, and $110000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is
Prepare the direct material usage budget for the first quarter of next year and prepare the direct manufacturing labour usage budget for the first quarter of next year.
What is the NPV break-even level of diamonds sold per year assuming a tax rate of 21%, a 10-year project life, and a discount rate of 12%?
The materials standards have been established for a particular product. What is the materials quantity variance for the month?
$18,000 and fixed manufacturing overhead incurred was $18,000. Based on this information, the direct labor efficiency variance for the month was
Cost of goods sold,What are the inventory turnover ratio and the gross margin return on inventory investment for 2017? Kent Inc. provided the data.
What does the simultaneous move game look like and what is the equilibrium? Nestlé's has over one hundred production facilities that all purchase
Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs.
The following year's direct labor budget is $400,000. How many units of X-1 bicycles are included in the production budget for the following year?
Describe what is involved in the decision making process, explaining the steps required - What is an alternative? What is a state of nature? Give an example
The bonds will mature in seven years. Using the PV function in Excel, compute the price Shriver Paid (the present value) for the bond investment.
Which of the following cost generally can be traced directly to units of products? indirect materials,overhead cost,assembly labors.
Determine the cost of debentures if they were issued.Indebted Ltd issued 10,000, 10% Debentures of Rs. 100 each, redeemable in 10 years time at 10% premium.
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