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Problem 1: Which of the following is not a factor in cost-volume-profit analysis?
a. Units sold
b. Selling price
c. Total variable costs
d. Fixed costs of a product
Problem 2: Which of the following is not an assumption of cost-volume-profit analysis?
a. The time value of money is incorporated in the analysis.
b. Costs can be classified into variable and fixed components.
c. The behavior of revenues and expenses is accurately portrayed as linear over the relevant range.
d. The number of output units is the only driver.
Identify which basic principle of accounting is best described - Norfolk Southern Corporation reports revenue in its income statement when it is earned instead of when the cash is collected.
Prepare schedule to calculate the conversion cost (direct lobour and manufacturing overhead) charged to work in process during June.
On the balance sheet, bank overdrafts held at a different bank from the company's main chequing account should? be reported as restricted cash.
Assuming that the fixed overheads of Rs. 3,00,000 remain unchanged, would you recommend increasing the capacity utilized on Product A to 70%?
What is the effect of error on the accounting equation and what is the ending balance in stockholders equity
Prepare income statements for both years using absorption costing. Has firm performance, as measured by income, improved or declined from Year 1 to Year 2?
What is the number of days' sales in average inventories for the year? Cost of Goods Sold 2,400,000. Inventories at Jan 1 672,000
How much overhead was applied to inventory over the course of the year?
If the NPV is negative and the IRR is below the deposit interest rate and the payback period is longer than the bank loan period, is the project worth investing
Prepare contribution format income statement for the next quarter. Prepare traditional format income statement for the next quarter.
Chester has negotiated a new labor contract, how many units of product Cake would need to be sold next round to break even on the product?
Does your government report a negative amount in any classification of Fund Balance? If so, what classification? Do any of classificationhave subclassification
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