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Problem 1: One morning, a customer brings a rush order of 2,600 units of product X at a unit sales price of 50 per unit. The company agrees to produce the goods at weekend. The regular working days of the company is from Monday to Friday. Sixty of the direct labor employees who earns 50 per hour worked eight hours each day on Saturday and Sunday to complete the job. The company's policy on overtime during weekend is time and a half. Materials costing 3 per unit was used on the order. Overhead rate is 12 per hour. What is the total product cost per unit of product X?
A company purchased $3,300 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $365 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals:
Find A cost of goods sold statement for the year? How to Discuss how the cost of each unit manufactured is determined and then also calculate its value?
Prepare a cash-flow budget and a profit budget for Gringotts Ltd on the basis of Strategy 1. The budgets should be split into quarterly intervals showing cash-flow and profit forecasts for each individual quarter.
Identify the fixed and variable costs from the above and comment on the cost behaviour, estimate the cost of goods manufactured and sold and prepare a revised income statement for the month.
A company has several units of old-model telephones that it is selling for $10 per unit. The units cost $25 to produce. Is the company engaging in predatory pricing? Explain.
Calculate what Gandolfi's ROI would have been for the year ended December 31, 2016 had the company used the double declining balance depreciation .
How a manager can decrease variable cost while increasing fixed cost and how can manager decrease fixed cost while increasing variable cost.
Briefly explain with examples the varied products or outputs in a joint cost process? What is a hybrid costing system? Explain with examples.
Why the cost volume profit relationship is an important in business mangement? Explain with appropriate justification? Provide the example.
You should assume that direct fixed costs will be avoided if a model is dropped but common fixed costs will not be model is dropped. Describe why the method used to allocate costs at Lennon results in "unreasonably high" charges to the Model 599 pu..
Identify the event depicted in each journal entry as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE).
Identify the balance sheet accounts that Kate will likely need to record the transactions needed to open her business. Indicate whether the normal balance of each account is a debit or a credit.
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