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Problem 1: Backwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $400 per table, consisting of 70% variable costs and 30% fixed costs. The company has surplus capacity available. It is Backwoods' policy to add a 50% markup to full costs. What is the lowest price per unit Backwoods should bid on this long-term order, if company follows cost plus pricing (i.e. full cost + mark-up)?
What is the total estimated manufacturing cost of the by-product using the reversal cost method and what is the estimated manufacturing cost before separation, using the reversal cost method?
Prepare a statement of financial position for ABC ltd as at 30 June 2012 to comply with AASB 101 and prepare a statement of changes in equity for ABC ltd for the year ended 30 June 2012, according to the requirements of AASB 101.
What would be effect on an employee of the proposed change in company policy for paying its salaries starting for December 2012.
q spoiled baby corp sells baby buggies and has started an equipment replacement project. you are needed to evaluate the
How much overhead was assigned to each job during year 1? b. What was the over- or underapplied manufacturing overhead for year 1?
Vargo Corp. owes $308,000 to First Trust. The debt is a 10-year, 12% note due December 31, 2014. Because Vargo Corp. is in financial trouble, First Trust agrees to extend the maturity date to December 31, 2016, reduce the principal to $248,100.
Assignment- Activity-Based Costing Methods- Discuss the 2-3 advantages of the ABC method. Be sure that the paper has no spelling or grammatical errors.
Prepare the entry on June 5th, the payroll period, for Sara White's parental leave pay - Prepare the journal entry for the vacation pay, ignoring all payroll related deductions.
The Acme Company issued 5%, 10-year bonds payable at 90 on December 31, 2010. At December 31, 2012, Acme reported the bonds payable as follows.
Explain regression analysis in cost estimation inventory costing, and cost of quality
Define the term weighted-average cost of capital (WACC). Of what importance is the concept of WACC to the capital-budgeting process?
Find the Cost of Sales, cost of Closing Stock and Gross profit under each of the Cost are assigned on the basis method by using perpetual inventory system.
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