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Problem 1: A Company has asked you to reconstruct their record after a fire. You were given the following variances: Favorable Spending variance, P400,000; Unfavorable Variable efficiency variance, P200,000; Favorable Volume variance, P40,000. Total fixed overhead is P200,000 at normal capacity. The company's standard variable overhead is P40 per direct labor hour. In the given period, the company incurred a total overhead cost of P2,400,000. Compute for the standard factory overhead rate.
Prepare new contribution format income statement under each of the Selling price decreases by $1.5 per unit, and sales volume increases by 25%
ZZZ Products produces two products, X and Y. What amount of joint costs will allocated to product X using the net realizable value net realizable value method?
Prepare a performance report for the North plant. Include a flexible budget and variance analysis. Prepare a performance report for the South plant. Include a flexible budget and variance analysis.
An ROI analysis if often undertaken to numerically justify a decision already taken. What might be some better ways of using an ROI analysis?
part - 1you are to reflect on how this case of china sky relates to what the arguments for and against allowing audit
Bank reconciliation of Silvestre Company - The May bank statement and the May cash payments journal are given here.
A WatchCo bond with 10 years to maturity and a 10% coupon rate is selling for $800. What is the annual yield to maturity (YTM) for the bond?
Evaluate this policy assuming most stockholders are senior citizens in low tax brackets and evaluate this policy assuming most stockholders are in high tax brackets
In respect of Abel furniture manufacturing facility, identify costs that would be classified as a) variable and b) fixed from the list below. Classify the costs listed below as either Variable or Fixed and give reasons for your choice.
Prepare a Post-Closing Trial Balance using the balances from the general ledger accounts. Use the blank form that was provided in step six
question 1richard traveled from new orleans to new york for both vacation and business. he spent 4 days conducting
Critics of absorption costing have increasingly emphasized its potential for leading to undesirable incentives for managers. Give an example. What are the two ways of reducing the negative aspects associated with using absorption costing to evalu..
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